The Other Side of Life 24/7: Daily Investor Briefing: Wall Street rallies on strong...

Thursday, November 1, 2012

Daily Investor Briefing: Wall Street rallies on strong...

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11/1/2012

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 rallies on strong consumer and jobs data

NEW YORK (Reuters) - The S&P 500 scored its best day in seven weeks on Thursday as bullish consumer confidence and private-sector jobs data gave investors reason to cheer following superstorm Sandy's devastating sweep through the U.S. Northeast.

Data points to slow healing in labor market

WASHINGTON (Reuters) - Companies added jobs in October at the fastest pace in eight months, a sign of modest healing in the labor market just days before a presidential election that could hinge on the economy.

Starbucks raises full-year forecast on strong sales

(Reuters) - Starbucks Corp reported higher quarterly profit on Thursday, as overall sales at its established coffee shops topped analysts' estimates, and it raised its forecast for fiscal 2013.

Storm Sandy knocks October auto sales below estimates

DETROIT (Reuters) - Superstorm Sandy's fury caused U.S. auto sales to fall short of expectations in October, but industry executives still see a strong fourth quarter as the housing market improves.

Exxon quarterly profit falls, output tumbles

(Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, reported a quarterly profit on Thursday that topped expectations, as higher margins from its refining arm countered a 7.5 percent decline in oil and gas output.

Asian factories perk up, U.S. shows improvement

NEW YORK/BEIJING (Reuters) - Asia's large economies started to pick up steam last month after a year of slower growth, surveys showed on Thursday, while U.S. manufacturing showed modest improvement.

United Airlines takes delivery of second 787 Dreamliner

(Reuters) - United Airlines said on Thursday it had taken delivery of its second 787 Dreamliner jet from Boeing , following a delay by the aircraft maker, and that another three 787s due to arrive this year could also be delayed.

Green Mountain to make Kirkland K-Cups for Costco

(Reuters) - Green Mountain Coffee Roasters Inc will manufacture Kirkland Signature K-Cup coffee packs for its Keurig brewing machine, in a partnership with Costco Wholesale Corp , the companies said on Thursday, helping to send Green Mountain shares up 9 percent.

U.S. fiscal cliff threatens "crazy" market activity: CME's Duffy

CHICAGO (Reuters) - Uncertainty over the so-called U.S. fiscal cliff threatens to cause "some real crazy activity" on markets if Congress fails to act by the year-end, Terry Duffy, executive chairman of the CME Group , said on Thursday.

Consumer confidence at more than 4-year high in October

NEW YORK (Reuters) - Consumer confidence rose in October to its highest in more than four years as Americans were more upbeat about improvements in the labor market, a private sector report showed on Thursday.