The Other Side of Life 24/7: Daily Investor Briefing: Wall Street gets small lift from...

Monday, December 10, 2012

Daily Investor Briefing: Wall Street gets small lift from...

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12/10/2012

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 gets small lift from technology and McDonald's

NEW YORK (Reuters) - Stocks edged higher on Monday as technology shares bounced back after recent weakness and McDonald's posted strong monthly sales.

Lawyer says Goldman failed speech software "geniuses"

BOSTON (Reuters) - Goldman Sachs bankers failed to raise red flags about Lernout & Hauspie's accounting irregularities more than a decade ago, costing speech recognition software pioneers at Dragon Systems nearly all of their life's work and about $600 million, a lawyer told a jury on Monday in federal court.

BoE's King warns on growth of managing exchange rates

NEW YORK (Reuters) - Bank of England Governor Mervyn King on Monday said he was concerned that countries will increasingly resort to "actively managed exchange rates" next year, in place of domestic monetary policies, if the global economy remains unbalanced.

Standard Chartered to pay $327 million to resolve U.S. sanctions case

WASHINGTON (Reuters) - Standard Chartered Plc agreed to pay $327 million to U.S. authorities to resolve allegations that it violated U.S. sanctions laws, capping months of legal headaches for the British bank.

Chinese group buys AIG aircraft firm for up to $4.8 billion

NEW YORK/HONG KONG (Reuters) - American International Group Inc will sell nearly all of aircraft leasing business ILFC to a Chinese consortium for up to $4.8 billion, in a deal that gives the fastest growing aviation market easier and cheaper access to planes.

GM to unveil new pickup even as it boosts deals on current model

DETROIT (Reuters) - General Motors Co is gearing up to show off its new full-size pickup trucks this week just as the No. 1 U.S. automaker is boosting incentives on its rising supply of the current models.

Ford blames software glitch for Fusion, Escape recall

DETROIT (Reuters) - A defect that raised the risk of an engine fire in Ford Motor Co's newly launched Escape and Fusion models was caused by a glitch in the software that monitors the vehicles' cooling systems, Ford said on Monday.

Merrill Lynch pay plan focuses on putting client money to use

(Reuters) - Bank of America Corp is ramping up its incentives to encourage advisers to convince their clients to take advantage of more of the bank's offerings. The firm is also sweetening incentives for advisers to keep the client money they manage at the firm once they retire.

Exclusive: EU to accept Thomson Reuters concessions, end probe - sources

BRUSSELS (Reuters) - EU antitrust regulators plan to accept revised proposals from Thomson Reuters to end an investigation into whether its control over its financial instrument codes was anticompetitive, two people familiar with the matter said on Monday.

JPMorgan names new regional banking heads: memo

LONDON (Reuters) - U.S. bank JPMorgan has appointed Viswas Raghavan as head of banking in Europe, Middle East and Africa (EMEA), according to a memo seen by Reuters.