The Other Side of Life 24/7: Daily Investor Briefing: S&P 500 ends higher for fourth...

Wednesday, November 21, 2012

Daily Investor Briefing: S&P 500 ends higher for fourth...

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11/21/2012

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

S&P 500 ends higher for fourth session in light volume

NEW YORK (Reuters) - Stocks finished modestly higher on Wednesday, with the S&P 500 up for a fourth session although trading volume was one of the year's lowest on the day ahead of the Thanksgiving holiday.

In HP-Autonomy debacle, many advisers but little good advice

(Reuters) - When Hewlett Packard acquired Autonomy last year for $11.1 billion, some 15 different financial, legal and accounting firms were involved in the transaction -- and none raised a flag about what HP said Tuesday was a major accounting fraud.

Twinkies maker Hostess wins court OK to close

NEW YORK (Reuters) - Hostess Brands Inc on Wednesday won permission from a U.S. bankruptcy judge to begin shutting down, and expressed optimism it will find new homes for many of its iconic brands, which include Twinkies, Drake's cakes and Wonder Bread.

United found not liable for alleged 9/11 security lapse

NEW YORK (Reuters) - United Airlines bears no responsibility for the collapse of a third World Trade Center building on September 11, 2001, stemming from suspected airport security lapses that allowed hijackers to crash an American Airlines plane into the complex, a federal judge ruled on Wednesday.

Deutsche Bank seeks older women to change culture, improve reputation

FRANKFURT (Reuters) - Deutsche Bank is on the lookout for mature, tech-savvy women who it thinks will be better team players to help change its corporate culture and rebuild its reputation in the wake of the financial crisis.

Toyota recalls 2001-2004 model year Tacoma pickup trucks

(Reuters) - Toyota Motor Corp is recalling about 150,000 Tacoma mid-size pickup trucks from the model years 2001 to 2004 in cold-weather U.S. states because the spare tire could fall off.

Madoff trustee asks court to reinstate bank claims

NEW YORK (Reuters) - A lawyer for the trustee seeking money for Bernard Madoff's victims asked an appeals court on Wednesday to restore nearly $30 billion in claims against JPMorgan Chase & Co and other banks, saying it would force those who furthered the fraud to "pay their fair share."

JD Power-LMC say November U.S. auto sales up 12 percent

DETROIT (Reuters) - U.S. auto sales are rebounding after Superstorm Sandy cut sales in late October and early November, and this month should show a 12 percent increase from a year before, consultants JD Power & Associates and LMC Automotive said on Wednesday.

Factories post rebound, consumer sentiment shaky

WASHINGTON (Reuters) - Manufacturing grew in November at its quickest pace in five months, with a rise in domestic demand hinting that factories could provide a boost to economic growth in the fourth quarter.

Holiday online spending has early, strong start: comScore

SAN FRANCISCO (Reuters) - Holiday season online spending got off to an early and strong start, spurred by rising consumer confidence and retailer promotions ahead of the traditional big shopping days, comScore Inc said on Wednesday.