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Wednesday, February 6, 2013

Daily Investor Briefing: Wall Street ends flat as investors...

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02/6/2013
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 investors pull back
NEW YORK (Reuters) - Stocks ended mostly flat on Wednesday, taking another pause in the recent rally that has driven the S&P 500 to five-year highs, as transportation and technology shares lost ground.
RBS fined $612 million for rate rigging
LONDON (Reuters) - Royal Bank of Scotland will pay $612 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates, and British regulators warned there is more to come in the global investigation.
News Corp posts higher quarterly revenue, profit
(Reuters) - News Corp reported higher quarterly revenue and profit on Wednesday on strong growth at its cable networks.
Visa profit rises 30 percent; authorizes $1.75 billion buyback
(Reuters) - Visa Inc's first-quarter profit rose 30 percent, and the world's largest credit- and debit-card network authorized a new $1.75 billion share repurchase program.
Exclusive: Deutsche Bank suspends traders over Euribor - source
FRANKFURT (Reuters) - Deutsche Bank has suspended five traders suspected of inappropriate conduct following an internal investigation into possible manipulation of the Europe Interbank Offered Rate (Euribor), a source familiar with the matter said on Wednesday.
Exclusive: Herbalife to share more data on pay in investor fight
NEW YORK (Reuters) - Herbalife Inc , the embattled nutritional supplements company, is disclosing more information about how much its U.S. distributors earned in 2012 than it did in 2011, though the details are unlikely to satisfy critics like billionaire hedge fund manager Bill Ackman.
Time Warner beats profit forecasts, raises dividend
(Reuters) - Media company Time Warner Inc on Wednesday reported fourth-quarter net income that beat estimates, raised its dividend and started a new stock repurchase program, sending its shares up 4.5 percent.
Dreamliner probe results "weeks away," NTSB chief says
WASHINGTON (Reuters) - The National Transportation Safety Board is "probably weeks away" from completing its probe into battery problems on the Boeing 787 Dreamliner, but will share its latest information on the jet on Thursday, agency head Deborah Hersman said.
Honeywell CEO on U.S. sequester: "We need the reduction"
BOSTON (Reuters) - The United States might be better off allowing the across-the-board spending cuts of the sequester to take effect as a first step in cutting its debt, even if doing so slows the economy, Honeywell International Inc Chief Executive Dave Cote said on Wednesday.
Exclusive: SandRidge gives CEO wide scope to cut his own land deals
NEW YORK (Reuters) - SandRidge Energy Corp is giving its chief executive wide latitude to profit from personal oil-and-gas deals in ways that pose potential conflicts of interest with the company, according to a review of employment contracts and recent transactions.
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