The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends down after earnings...

Wednesday, October 24, 2012

Daily Investor Briefing: Wall Street ends down after earnings...

Click to View in Browser

10/24/2012

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

Wall Street ends down after earnings and Fed

NEW YORK (Reuters) - Stocks ended lower for a second day on Wednesday, as investors soured on another round of underwhelming corporate results and the Federal Reserve said it would stick to its stimulus plan.

Fed sticks to stimulus plan, says economy a bit firmer

WASHINGTON (Reuters) - The Federal Reserve on Wednesday stuck to its plan to keep stimulating U.S. growth until the job market improves even as it acknowledged some parts of the economy were looking a bit better.

Ex-Goldman director gets two years in prison for boardroom leaks

NEW YORK (Reuters) - Fallen Wall Street insider Rajat Gupta was sentenced to two years in prison on Wednesday for leaking Goldman Sachs boardroom secrets to the hedge fund manager at the center of the U.S. government's crackdown on insider trading, a much lighter sentence than prosecutors had sought.

U.S. sues Bank of America over "Hustle" mortgage fraud

NEW YORK (Reuters) - The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.

Apple's stock chart loses some sheen before results

NEW YORK (Reuters) - Apple Inc seems to still be the drug of choice for consumers of all stripes looking for sleek gadgetry.

Strong new home sales brighten housing picture

WASHINGTON (Reuters) - New U.S. single-family home sales surged in September to the highest level in nearly 2-1/2 years, further evidence the housing market recovery is gaining steam.

Wal-Mart centralizes compliance work, hires Sidley Austin lawyer

(Reuters) - Wal-Mart Stores Inc said on Wednesday that various staff groups involved in compliance and legal issues will soon all report to its general counsel as the world's largest retailer works on coordinating efforts after an alleged foreign bribery scandal.

Germany signals flexibility on "factors beyond Greece's control"

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble suggested on Wednesday that his country may be prepared to show flexibility on Greece's fulfillment of its bailout terms if there are obstacles that are beyond Greece's control.

Buffett says global economy slowing, wants more deals

(Reuters) - Warren Buffett sees clear signs that the global economy is slowing, although the U.S. economy is "inching ahead" as other regions decline, the Berkshire Hathaway chief executive officer said on Wednesday.

Thompson says has NYT's support after BBC scandal

LONDON (Reuters) - Incoming New York Times chief Mark Thompson told Reuters on Wednesday his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.