The Other Side of Life 24/7: Daily Investor Briefing: Stock futures end short session...

Monday, October 29, 2012

Daily Investor Briefing: Stock futures end short session...

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10/29/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Stock futures end short session lower; market closed Tuesday

NEW YORK (Reuters) - Stock index futures fell in a shortened session on Monday and cash equity trading was canceled as powerful Hurricane Sandy bore down on the U.S. East Coast, closing equity trading for Tuesday.

Google unveils first 10-inch Nexus tablet

SAN FRANCISCO (Reuters) - Google Inc unveiled a larger version of its Nexus-branded tablet computer on Monday, and updated its mobile gadget and online content offerings as competition with Apple Inc, Amazon.com Inc and Microsoft Corp heats up ahead of the holiday sales season.

Consumer spending picks up, but savings a worry

WASHINGTON (Reuters) - Consumer spending rose solidly in September, putting the economy on a firmer footing heading into the fourth quarter even though households had to pull back on saving to fund purchases.

Obama's allure fades among venture capitalists

SAN FRANCISCO (Reuters) - Venture capitalists are proving a less reliable source of cash for President Barack Obama during this election, according to fundraising data, even though he has raised a record amount of cash overall.

Barclays Libor case to go to trial

LONDON (Reuters) - Barclays became the first bank to be ordered to stand trial in a British court over damages stemming from manipulation of the Libor interest rate after a High Court ruling on Monday.

Exclusive: Reynolds and Reynolds explores $5 billion LBO - sources

NEW YORK (Reuters) - Reynolds and Reynolds, which provides business management software for auto dealers in North America and Europe, is exploring a sale to private equity that could fetch around $5 billion, several sources familiar with the matter said.

Ford tumbles again in reliability survey; Toyota gains

DETROIT (Reuters) - Ford Motor Co tumbled to nearly the bottom of an annual survey of vehicle reliability due to flaws in its touch-screen navigation and entertainment system, while Japanese automaker Toyota Motor Corp swept the top three spots.

UPS sees 10 percent rise in holiday shipping, to hire 55,000 workers

(Reuters) - United Parcel Service Inc expects shipments during the upcoming holiday season to hit record levels this year, up 10 percent from last year, and plans to hire 55,000 seasonal workers to handle the added volume.

UBS bosses influenced my trading, says accused trader

LONDON (Reuters) - Ex-trader Kweku Adoboli told a court on Monday his bosses at UBS , including senior executive Carsten Kengeter, had been pushing him to take more risks when he took positions that eventually cost the Swiss bank $2.3 billion.

Politics puts Italy, Spain back in market focus

MADRID/ROME (Reuters) - Spanish Prime Minister Mariano Rajoy kept financial markets guessing on Monday over whether he will seek a credit line from the euro zone's rescue fund but said he would do so "when I think it is in the interests of Spain".