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Friday, February 1, 2013

Daily Investor Briefing: Dow ends above 14,000 for the first...

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02/1/2013
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
Dow ends above 14,000 for the first time since October 2007
NEW YORK (Reuters) - Stocks rose to five-year highs on Friday, with the Dow closing above 14,000 for the first time since October 2007, after jobs and manufacturing data showed the economy's recovery remains on track.
Jobs, factory data point to steady economic growth
WASHINGTON (Reuters) - Employment grew modestly in January and job gains in the previous two months were larger than first reported, a counterpunch to recent data that suggested a tepid economic recovery had stalled at the end of last year.
Fed officials see brighter global economic outlook
WASHINGTON/NEW YORK (Reuters) - Two top Federal Reserve officials painted a picture of cautious optimism on Friday for the U.S. economy in 2013, helped by stronger global growth as the central bank aggressively prints money to curb the nation's lofty rate of unemployment.
Dell nears buyout that could top $24 billion
NEW YORK (Reuters) - Dell Inc is edging closer to an agreement to sell itself to a buyout consortium led by Michael Dell, its founder and chief executive, and private equity firm Silver Lake Partners in a deal that could top $24 billion, people familiar with the matter said on Friday.
Apple edges out Samsung for mobile phone sales lead in fourth quarter
SAN FRANCISCO (Reuters) - Apple Inc became the top mobile phone seller for the first time in the lucrative U.S. market during the fourth quarter of 2012, outshining arch rival Samsung Electronics Co Ltd, a report by Strategy Analytics showed.
January auto sales indicate strong start to 2013
DETROIT (Reuters) - U.S. auto sales rose 14 percent in January, kicking off the industry's fourth straight year of recovery since the depths of recession as American consumers increasingly sought to replace their aging cars and trucks.
Time Warner Cable CEO Britt to step down by year end: report
(Reuters) - Time Warner Cable's longtime Chief Executive Glenn Britt will step down at the end of the year, the Wall Street Journal reported on Friday, citing anonymous sources.
News Corp names more senior executives in prep for split
(Reuters) - Soon-to-be publishing company News Corp named William Lewis, one of the executives who dealt with the aftermath of the phone hacking scandal, as chief creative officer.
Greek political parties to testify over bank loans
ATHENS (Reuters) - Greek prosecutors have ordered the two main ruling parties to testify in an investigation into more than 200 million euros in loans they received from banks, officials said on Friday.
Credit Agricole takes $5 billion hit as banks struggle to move on
PARIS (Reuters) - Credit Agricole , France's No. 3 bank, announced a further 3.8 billion euros ($5.2 billion) in charges on Friday as banks struggle to move on from ill-timed deals before the 2008 financial crisis.
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