The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends flat as rally slows,...

Friday, January 11, 2013

Daily Investor Briefing: Wall Street ends flat as rally slows,...

Click to View in Browser

01/11/2013

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

Wall Street ends flat as rally slows, earnings eyed

NEW YORK (Reuters) - Stocks ended little changed on Friday as investors took a step back from buying ahead of next week's busy corporate earnings calendar.

Imports point to soft fourth-quarter growth but firmer spending

WASHINGTON (Reuters) - The U.S. trade deficit unexpectedly widened in November due to a surge in imports, pointing to a sharp slowdown in economic growth during the last three months of 2012.

Exclusive: JPMorgan faces action on laundering controls

NEW YORK (Reuters) - U.S. regulators are expected to order JPMorgan Chase & Co to correct lapses in how it polices suspect money flows, two people familiar with the situation said, in the latest move by officials to force banks to tighten their anti money-laundering systems.

U.S. launches safety review of 787 after recent issues

WASHINGTON/NEW YORK (Reuters) - The U.S. government ordered a wide-ranging review of Boeing's latest passenger jet, the 787 Dreamliner, citing concern over a fire and other recent problems but insisting the plane was still safe to fly.

Wells Fargo profit jumps but mortgage lending slips

(Reuters) - Wells Fargo & Co on Friday said fourth-quarter profit rose 24 percent to a record high as the bank set aside less money to cover bad loans and made more fees from mortgages.

Luxury, performance drive buzz at Detroit auto show

DETROIT (Reuters) - This year's Detroit auto show, which opens next week, has a decidedly "green" theme. Green as in the color of money, that is.

Merck begins overseas recall of HDL cholesterol drug

(Reuters) - Merck & Co said it is recalling Tredaptive, its medicine to raise "good" HDL cholesterol levels, in overseas markets where it is sold, after it failed to prevent heart problems in a large study and raised safety concerns.

Walmart Latam CEO named; Solorzano still Walmex chair

(Reuters) - Wal-Mart Stores Inc is replacing the chief of its Latin American unit, who had run the retailer's business in Mexico when the company reportedly began a probe into bribery allegations in the country.

Best Buy U.S. holiday sales stabilize, shares jump

(Reuters) - Best Buy Co Inc on Friday showed the first concrete signs of a turnaround in its U.S. stores, with flat same-store sales during the key holiday season, helped by sales of tablets and mobile phones and improvement in its online business.

Global car industry sharpens U.S. focus for 2013

PARIS/DETROIT (Reuters) - The U.S. car market's rebound may be slowing - but it still looks like the best bet to many of the global industry's top brass as they converge on Detroit for the 2013 auto show.