The Other Side of Life 24/7: Daily Investor Briefing: Fed minutes short-circuit Wall Street...

Thursday, January 3, 2013

Daily Investor Briefing: Fed minutes short-circuit Wall Street...

Click to View in Browser

01/3/2013

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

Fed minutes short-circuit Wall Street rally

NEW YORK (Reuters) - U.S. stocks dipped on Thursday after signs the Federal Reserve has growing concern about its highly stimulative monetary policy, giving investors reason to pull back after a two-day rally.

Fed becoming worried about stimulus side effects

WASHINGTON (Reuters) - Federal Reserve officials are increasingly concerned about the potential risks of the U.S. central bank's asset purchases on financial markets, even if they look set to continue an open-ended stimulus program for now.

Private sector job gains offer hope for labor market

WASHINGTON (Reuters) - Private-sector employers shrugged off a looming budget crisis and stepped up hiring in December, offering further evidence of underlying strength in the economy as 2012 ended.

GM could face $918 million hit from bankruptcy-related lawsuit

(Reuters) - A U.S. bankruptcy judge could soon rule on whether the 2009 government-led restructuring of General Motors Co improperly favored hedge funds, and an adverse ruling could cost the automaker nearly $1 billion.

FTC ends long Google probe with mild reprimand

WASHINGTON (Reuters) - U.S. regulators closed a long-running investigation into allegations that Google tweaks search results to hurt rival companies without finding any wrongdoing, a decision that disappointed rivals and critics of the Web search giant.

Boeing jet orders surge; on track to be top planemaker

(Reuters) - Boeing Co appeared to recapture bragging rights as the world's largest planemaker for the first time in a decade, after saying it delivered 601 jets in 2012, well ahead of a target set by rival Airbus .

Insight: "Cliff" deal's retirement plan revenue boost questioned

NEW YORK (Reuters) - One modest way that U.S. lawmakers were able to offset the impact of delaying spending cuts in the deal to avert the "fiscal cliff" was through a retirement plan provision that is supposed to raise $12.2 billion over 10 years.

Transocean to pay $1.4 billion for role in BP oil spill

WASHINGTON (Reuters) - Offshore rig contractor Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from BP Plc's massive oil spill in the Gulf of Mexico in 2010.

U.S.: Time not right for Google executive's North Korea trip

WASHINGTON (Reuters) - The State Department said on Thursday the time was not right for Google Inc Executive Chairman Eric Schmidt and former diplomat Bill Richardson to visit North Korea, which drew international criticism for a rocket launch last month.

Ex-SAC fund manager pleads not guilty in insider case

NEW YORK (Reuters) - Mathew Martoma, a former portfolio manager at hedge fund SAC Capital Management, pleaded not guilty to fraud charges stemming from a $276 million insider-trading case brought by federal prosecutors.