The Other Side of Life 24/7: Daily Investor Briefing: Big tech boosts S&P 500 to best close...

Tuesday, December 11, 2012

Daily Investor Briefing: Big tech boosts S&P 500 to best close...

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12/11/2012

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

Big tech boosts S&P 500 to best close since election

NEW YORK (Reuters) - U.S. stocks rose on Tuesday, led by gains in technology companies, helping the S&P 500 end at its highest level since Election Day.

HSBC to pay $1.9 billion U.S. fine in money-laundering case

(Reuters) - HSBC Holdings Plc agreed to pay a record $1.92 billion in fines to U.S. authorities for allowing itself to be used to launder a river of drug money flowing out of Mexico and other banking lapses.

Google, U.S. regulators close to deal in patents dispute: sources

WASHINGTON (Reuters) - U.S. regulators are near a settlement with Google Inc in a dispute over the search giant's efforts to stop the sale of products it says infringe essential patents, according to two sources close to the probe.

U.S. Treasury exits AIG as company sets growth plans

(Reuters) - The U.S. Treasury's sale of its remaining stake in American International Group Inc will fetch $7.6 billion, bringing the government a total profit of $22.7 billion from its bailout of the insurer in the financial crisis four years ago.

Business CEOs call for compromise on "fiscal cliff"

WASHINGTON (Reuters) - A group of high-profile corporate leaders urged President Barack Obama and congressional leaders on Tuesday to reach a "principled compromise" on U.S. fiscal policy that includes higher tax revenues and spending cuts.

American Airlines takes delivery of first 777 plane

(Reuters) - American Airlines said on Tuesday it took delivery of the first of 14 Boeing extended range 777-300 planes it has ordered.

Analysis: Pain, promise seen in T-Mobile's subsidy elimination

NEW YORK (Reuters) - T-Mobile USA's bold move to stop offering handset discounts to consumers has the potential to disrupt pricing in the U.S. wireless services market, but it will not bring the struggling unit of Deutsche Telekom AG any windfalls.

Exclusive: South Korea's KT weighs Maroc Tel bid - sources

LONDON/PARIS - (Reuters) - South Korea's KT Corp is considering bidding for Vivendi's 53 percent stake in Maroc Telecom , which the seller hopes will fetch 5.5 billion euros ($7.15 billion), two people familiar with the situation said.

Delta buys Virgin Atlantic stake to boost London access

LONDON/NEW YORK (Reuters) - Delta Air Lines agreed to buy a 49 percent stake in Virgin Atlantic , creating a joint venture that would expand Delta's access to London's Heathrow airport and increase competition in the lucrative transatlantic market.

Three British men arrested in UK Libor probe

LONDON/ZURICH (Reuters) - British police and anti-fraud officers made the first arrests in a global interest rate rigging scandal on Tuesday, detaining a former trader and two other men, sources said.