The Other Side of Life 24/7: Daily Investor Briefing: Dow, S&P rise on jobs, but Apple...

Friday, December 7, 2012

Daily Investor Briefing: Dow, S&P rise on jobs, but Apple...

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12/7/2012

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

Dow, S&P rise on jobs, but Apple bites Nasdaq again

NEW YORK (Reuters) - The Dow and the S&P 500 advanced modestly on Friday, though another sell-off in Apple depressed technology shares and kept the Nasdaq negative, overshadowing a sharply better-than-expected jobs report.

Employment ducks superstorm Sandy punch

WASHINGTON (Reuters) - Companies kept up their steady but slow hiring pace in November, defying predictions that superstorm Sandy would deal a big blow to the labor market.

US Air makes AMR merger offer, Jan deal possible: source

NEW YORK (Reuters) - US Airways Group Inc has made a formal merger proposal to American Airlines parent AMR Corp and its creditors that could value the combined airline at around $8.5 billion, a person familiar with the situation said on Friday.

Goldman Sachs fined $1.5 million for trading glitch

WASHINGTON (Reuters) - Goldman Sachs Group Inc was fined $1.5 million to settle charges it failed to supervise its traders and allowing one futures dealer to hide billions in dollars from sight and causing a $118 million loss.

China nod clears way for Glencore's Viterra purchase

(Reuters) - Glencore International Plc won approval from China's Ministry of Commerce on Friday for its C$6 billion ($6 billion) purchase of Canadian grain handler Viterra Inc, clearing the last regulatory hurdle for the long-delayed deal.

Mercedes-Benz eyes big score with new car ad in Super Bowl 2013

NEW ORLEANS (Reuters) - While millions of TV viewers focus on the outcome of the upcoming Super Bowl XLVII in New Orleans, executives at Mercedes-Benz USA will be waiting for a late-game commercial introducing the car they hope will bring them thousands of new, younger customers.

BofA and U.S. Bancorp can be sued as WaMu bond trustees: judge

NEW YORK (Reuters) - Bank of America Corp and U.S. Bancorp can be sued over a pension fund's allegations they failed to protect investors while acting as trustees of mortgage-backed securities for Washington Mutual Inc, a federal judge ruled on Friday.

Chinese group in talks to buy AIG air lease arm

HONG KONG/NEW YORK (Reuters) - A group of Chinese companies, including Industrial and Commercial Bank of China (ICBC), is in talks to buy nearly all of American International Group Inc's aircraft leasing unit for about $5.5 billion, AIG said on Friday.

Merrill sweetens settlement for ex-brokers in deferred pay cases

(Reuters) - Merrill Lynch may be one step closer to ending its battle with former brokers who say the firm denied them deferred compensation when they left after the brokerage was bought by Bank of America Corp .

Aetna reaches $120 million settlement over reimbursements

(Reuters) - Aetna Inc , the third-largest U.S. health insurer, has agreed to pay as much as $120 million to settle nationwide litigation over how it reimburses members for out-of-network medical services.