The Other Side of Life 24/7: Daily Investor Briefing: Wall Street falls with Apple as...

Friday, December 14, 2012

Daily Investor Briefing: Wall Street falls with Apple as...

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12/14/2012

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 falls with Apple as "cliff" looms

NEW YORK (Reuters) - Stocks fell on Friday, hit by another slide in Apple shares and investors avoided stocks due to the uncertainty surrounding the "fiscal cliff" negotiations.

Odds rise for "fiscal cliff" fight entering 2013

WASHINGTON (Reuters) - The "fiscal cliff" impasse is raising the odds that Congress will fail to meet a year-end deadline to avert steep tax hikes and budget cuts that could push the nation into another recession.

Fiat CEO: plan to buy Chrysler shares

NEW YORK (Reuters) - Italian carmaker Fiat SpA fully intends to acquire the 41.5 percent of Chrysler Group shares that it does not now own, but wrangling over the price could continue for a while, Fiat-Chrysler chief Sergio Marchionne said on Friday.

Best Buy extends deadline for founder bid

(Reuters) - Best Buy Co Inc agreed to extend the deadline to February 28 for founder Richard Schulze to make a bid for the company, continuing the uncertainty for shareholders over whether he can put a bid together.

GE hikes dividend by 12 percent, boosts stock buyback plan

(Reuters) - General Electric Co on Friday raised its dividend by 12 percent, with the higher payout starting in January, and it also authorized the buyback of another $10 billion in shares.

Chesapeake offers buyouts to 275 workers

HOUSTON (Reuters) - Chesapeake Energy Corp has offered buyouts to 275 employees as part of the U.S. oil and gas company's effort to cut costs amid persistent low natural gas prices and heavy debt.

Morgan Stanley promotes senior bankers in U.S. and Europe

(Reuters) - Morgan Stanley has promoted several senior bankers to positions overseeing mergers and acquisitions in the U.S. and Europe, following a shakeup at the top level of that division last month.

Chevron nears $150 million settlement in Brazil spill case

RIO DE JANEIRO (Reuters) - Chevron Corp would be willing to pay about 300 million reais ($150 million) to settle lawsuits in Brazil over an offshore oil spill last year, a senior executive and a federal prosecutor said on Friday.

Ford aims at GM by showing new F-150 at Detroit show: sources

DETROIT (Reuters) - Ford Motor Co will offer a peek at its upcoming F-150 pickup truck at the Detroit auto show next month, the latest example of attempted one-upmanship in the highly competitive American truck market.

U.S. expands probe into floor mats in 480,000 Ford sedans

DETROIT (Reuters) - U.S. safety regulators broadened a more than two-year probe into the possibility of unintended acceleration in about 480,000 Ford Motor Co sedans when floor mats are unsecured or stacked.