The Other Side of Life 24/7: Daily Investor Briefing: S&P knocks on 1,500 barrier as tech...

Wednesday, January 23, 2013

Daily Investor Briefing: S&P knocks on 1,500 barrier as tech...

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01/23/2013

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

S&P knocks on 1,500 barrier as tech earnings extend rally

NEW YORK (Reuters) - The S&P 500 extended its winning streak to six days on Wednesday after stronger-than-expected profits from IBM and Google alleviated investor concerns about the technology sector.

Apple revenue misses, iPhone disappoints

SAN FRANCISCO (Reuters) - Apple Inc reported quarterly revenue that slightly missed Wall Street expectations as sales of its flagship iPhone came in below analyst targets, sending its shares down more than 4 percent.

Debt limit extension bill passes House

WASHINGTON (Reuters) - The House of Representatives on Wednesday passed a Republican plan to allow the federal government to keep borrowing money through mid-May, clearing it for fast enactment after the top Senate Democrat and White House endorsed it.

Still no timetable for returning Boeing 787 to flight

TOKYO/WASHINGTON (Reuters) - Japanese regulators have joined their U.S. counterparts in all but ruling out overcharged batteries as the cause of recent fires on the Boeing Co 787 Dreamliner, which has been grounded for a week with no end in sight.

Goldman not negligent in arranging Dragon sale: jury

(Reuters) - A jury said on Wednesday that Goldman Sachs Group Inc was not negligent in the $580 million sale of Dragon Systems Inc to Lernout & Hauspie, which collapsed afterward in a massive accounting fraud scandal.

Bank of America appoints two new directors

(Reuters) - Bank of America Corp appointed two new directors as the second-largest U.S. bank continues to revamp its board.

Manufacturers say demand up after fiscal cliff fight

BOSTON (Reuters) - Top U.S. manufacturers sounded a confident note about their expectations for 2013 on Wednesday as fears of the year-end "fiscal cliff" faded into memory.

For Japan's ANA, Boeing 787 grounding may dent growth plan

TOKYO (Reuters) - All Nippon Airways , which currently has the biggest fleet of Boeing Co 787 Dreamliner jets, may have to scale back its next 2-year plan as it weighs the mounting cost of the new aircraft's grounding.

McDonald's says January restaurant sales will fall

(Reuters) - McDonald's Corp on Wednesday forecast a decline in global restaurant sales for January, as it and other fast-food chains fight for customers who are spending cautiously during continued economic uncertainty.

Goldman seeks to block shareholder vote on independent chairman

(Reuters) - Goldman Sachs Group Inc wants to block a shareholder vote on a proposal to require an independent chairman, trying to halt the latest effort to split the CEO and chairman positions held by Lloyd Blankfein.