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Thursday, November 29, 2012

Daily Investor Briefing: Wall Street ends higher as investors...

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11/29/2012
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
Wall Street ends higher as investors buy dips
NEW YORK (Reuters) - Stocks ended higher on Thursday as investors bought on sporadic dips in a market roiled by conflicting comments from Washington about high-stakes negotiations to avoid the "fiscal cliff."
Boehner sees no progress in fiscal cliff talks
WASHINGTON (Reuters) - House of Representatives Speaker John Boehner said on Thursday that "fiscal cliff" talks with the White House had made no substantive progress and criticized President Barack Obama and Democrats for failing to get serious about including spending cuts in a final deal.
Inventories boost U.S. economic growth but trend weak
WASHINGTON (Reuters) - The U.S. economy grew faster than initially thought in the third quarter as restocking by businesses provided a big boost, but consumer and business spending were revised lower in a sobering reminder of the recovery's underlying weakness.
GM seeks to build excitement for Chevy brand with SS sedan
DETROIT (Reuters) - For the first time in nearly two decades, GM's Chevrolet brand will be back in the business of selling rear-wheel-drive sedans in the United States.
JPMorgan looks to Brazil government for business
SAO PAULO (Reuters) - JPMorgan Chase & Co sees a strong government presence in Brazil as a source for new business leads, a senior banker said on Thursday, highlighting the growing clout of the nation's public sector as an investment-banking client.
Lifting BP ban will be more than simple agreement: source
WASHINGTON (Reuters) - U.S. officials were surprised that BP Plc suggested an agreement would soon be ready to lift a suspension imposed this week on the company's obtaining new federal contracts, a government source said on Thursday.
Peugeot and Renault factories in France hit by strikes
PARIS/LILLE (Reuters) - Renault and PSA Peugeot Citroen were both hit by strikes on Thursday as both French car makers eye moves to cut costs and boost productivity amid slumping sales.
Boeing proposes mediation in talks with engineers union
(Reuters) - Boeing Co said on Thursday it proposed engaging a federal mediator in contract talks with the union that represents its engineers, citing significant differences on pay and benefits.
BHP says looking inside and out for CEO successor
SYDNEY (Reuters) - BHP Billiton said it is looking inside and outside the company as well as using external advisers to help with succession plans for its chief executive, following reports the world's biggest miner was preparing for changes at the top.
Lockheed confident about F-35 contract before year-end
NEW YORK (Reuters) - Lockheed Martin Corp President Marillyn Hewson said on Thursday that talks with the Pentagon about a fifth batch of F-35 fighter jets were going well and an agreement was likely before the end of the year.
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