The Other Side of Life 24/7: Daily Investor Briefing: Wall Street eases after mixed data...

Thursday, January 31, 2013

Daily Investor Briefing: Wall Street eases after mixed data...

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01/31/2013

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 eases after mixed data

NEW YORK (Reuters) - Stocks ended lower on Thursday after a mixed bag of economic data gave more reasons for investors to be cautious ahead of the all-important jobs report due on Friday.

U.S. challenges Anheuser-Busch InBev's purchase of Grupo Modelo

WASHINGTON (Reuters) - The U.S. Justice Department has filed a lawsuit seeking to stop Anheuser-Busch InBev SA from buying the half of Mexican brewer Grupo Modelo that it does not already own, saying the $20.1 billion deal would lessen competition in the U.S. beer market.

Apple loses a U.S. appeals bid in Samsung patent fight

SAN FRANCISCO (Reuters) - A U.S. appeals court on Thursday rejected Apple Inc's request to revive its bid for a sales ban on Samsung's Galaxy Nexus smartphone, dashing the iPhone maker's attempt to recover crucial leverage in the global patent wars.

Peregrine Financial's ex-CEO sentenced to 50 years in jail

CEDAR RAPIDS, Iowa (Reuters) - A U.S. judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost.

Exclusive: Ocwen leads in deal to buy Ally mortgage rights - sources

NEW YORK (Reuters) - Ocwen Financial Corp is in the lead to buy mortgage servicing rights on $122 billion of loans from Ally Bank, three people familiar with the situation said on Thursday.

Deutsche Bank swallows $4 billion of charges for cleanup

FRANKFURT (Reuters) - Deutsche Bank plunged to its worst quarterly loss in four years on Thursday after it took nearly $4 billion in charges to try and draw a line under a slew of scandals and boost its balance sheet without asking shareholders for cash.

Porsche, hedge funds agree VW case can be heard in Germany

FRANKFURT (Reuters) - Porsche SE and several hedge funds seeking damages from the Stuttgart-based financial holding agreed on Thursday that New York was the wrong place to pursue compensation, and left the door open to bringing a case in German courts.

Morgan Stanley raises CEO Gorman's base salary to $1.5 million

(Reuters) - Morgan Stanley Inc said Chief Executive James Gorman will receive a base salary of $1.5 million in 2013, nearly double the $800,000 he received last year.

U.S. tablet shipments soar during holidays, threaten to surpass PCs

SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook's prediction that tablets would one day outsell personal computers appears to be coming true.

Anti-Walmart labor groups agree to stop picketing the chain

(Reuters) - Labor groups that have long spoken out against Wal-Mart Stores Inc will stop much of their picketing against the world's largest retailer, though they still plan to continue to push the company to improve working conditions.