The Other Side of Life 24/7: Daily Investor Briefing: Dow ends at a record again, S&P in...

Monday, March 11, 2013

Daily Investor Briefing: Dow ends at a record again, S&P in...

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03/11/2013

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

Dow ends at a record again, S&P in seventh straight gain

NEW YORK (Reuters) - Wall Street rose modestly on Monday, lifting the Dow to another record and giving the S&P 500 its seventh straight advance as early weakness enticed buyers. The gains briefly lifted the benchmark S&P 500 index to its highest intraday level since October 2007.

SEC nominee White promises "unrelenting" enforcement

WASHINGTON (Reuters) - Mary Jo White, the nominee to head the Securities and Exchange Commission, plans to tell lawmakers on Tuesday that she will bring a "bold and unrelenting" enforcement program to the agency if she is confirmed by the U.S. Senate.

Nomura to take Monte Paschi dispute to London: source

MILAN (Reuters) - Japanese bank Nomura is seeking to establish British jurisdiction for its dispute with Monte dei Paschi di Siena over risky derivatives trades, a source close to the matter said on Monday.

Tycoons to exit TNK-BP, Rosneft closing this week: sources

MOSCOW (Reuters) - Two of the tycoons who shared control of Russia's third largest oil producer with BP for much of the past decade will leave their management posts at the end of the week when their sale of the company to Rosneft is closed.

Boeing confident has permanent 787 battery fix: executive

ORLANDO, Florida (Reuters) - Boeing Co is confident that proposed changes to the 787 Dreamliner will provide a permanent solution to battery problems that grounded its newest jet, a senior executive said on Monday.

Icahn gets confidential look at Dell's books

(Reuters) - Dell Inc has agreed to give Carl Icahn a closer look at its books, less than a week after the activist investor joined a growing chorus of opposition to founder Michael Dell's plan to take the world's No. 3 personal computer maker private.

Merrill's head of structured products for ultra-wealthy departs

(Reuters) - The head of structured solutions for ultra-wealthy clients at Bank of America Corp's Merrill Lynch, Raphael Zagury, has resigned from his New York-based post, a source familiar with his departure said on Monday.

Banks saved, but Europe risks "losing a generation"

BRUSSELS (Reuters) - Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said.

Airbus sees A320neo orders, sets goal for earlier model

ORLANDO, Florida (Reuters) - European planemaker Airbus hinted on Monday at imminent orders worth over $10 billion for A320neo passenger jets, saying cumulative orders for the revamped jet would probably hit 2,000 by the end of this month.