The Other Side of Life 24/7: Daily Investor Briefing: "Fiscal cliff" uncertainty keeps Wall...

Monday, November 12, 2012

Daily Investor Briefing: "Fiscal cliff" uncertainty keeps Wall...

Click to View in Browser

11/12/2012

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

"Fiscal cliff" uncertainty keeps Wall Street subdued

NEW YORK (Reuters) - Stocks were little changed in a lightly traded session on Monday, with investors limiting bets ahead of what could be a drawn-out battle over the "fiscal cliff."

Glitch prevents trading in over 200 stocks on the NYSE

NEW YORK (Reuters) - NYSE Euronext on Monday suspended trading in over 200 stocks on the New York Stock Exchange due to a technical problem with a server, though the stocks in question were still trading actively on other markets.

Cisco to meet quarterly target, disappoint on outlook

(Reuters) - Tech investors hoping for good news may have to look further than Cisco Systems Inc's quarterly report as analysts expect Chief Executive John Chambers to be pessimistic in his forecast for the coming year.

Facing challenges, Mark Thompson takes the CEO reins at the NYT

(Reuters) - A host of challenges confront Mark Thompson as he officially takes over as chief executive of New York Times Co, from making the company less dependent on advertising to trimming costs to figuring out what to do with its pile of cash.

Verizon Wireless plans to pay $8.5 billion to its parents

NEW YORK (Reuters) - Verizon Wireless said on Monday that its board agreed to pay distributions of $8.5 billion to its parents Verizon Communications and Vodafone Group Plc .

New Best Buy CFO's goal is 'transformation of decade'

NEW YORK (Reuters) - For former Williams-Sonoma finance chief Sharon McCollam, coming out of retirement to take the same job at struggling retailer Best Buy was not a tough decision.

HSBC settles with investor over Madoff loss

LONDON (Reuters) - Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.

Decision looms in U.S. case over market data fees

NEW YORK (Reuters) - Oral arguments are scheduled on Tuesday in a long-pending court case that may determine if U.S. stock exchanges will have to reveal their costs for producing market data, a key cog of high-frequency trading and the electronic marketplace.

Leucadia to buy Jefferies in $2.8 billion deal

(Reuters) - Jefferies Group Inc is selling itself to Leucadia National Corp , its biggest shareholder, in a deal aimed at reassuring investors it has access to long-term funding.

AIG keen to sell bank, expand mortgages: CEO

HONG KONG (Reuters) - American International Group Inc is planning to sell its savings and loan business as soon as a federal panel labels the insurance giant "too big to fail," its chief executive said on Monday.