The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends higher in late-day...

Monday, March 4, 2013

Daily Investor Briefing: Wall Street ends higher in late-day...

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03/4/2013

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 higher in late-day bounce

NEW YORK (Reuters) - Stocks closed higher on Monday as investors staged a late-day rebound, extending a recent trend of buying on dips and pushing major indexes near all-time highs despite concerns about growth and China's housing market

HSBC to raise dividends in show of capital strength

LONDON (Reuters) - HSBC plans to increase dividends this year in a show of strength over rivals even though the bank's annual profits fell after a money-laundering fine and compensation paid to customers.

Exclusive: Goldman eyes Volcker workaround for buyouts

(Reuters) - Goldman Sachs Group Inc is trying to work around a financial reform regulation to keep investing in the profitable, albeit risky, business of buying and selling companies, three sources familiar with the new business said over the past week.

BP lost again in Arctic deal to ExxonMobil: sources

MOSCOW (Reuters) - BP , which lost its first deal to drill for oil in Russia's Arctic to ExxonMobil , tried to negotiate a new deal with Russian state oil company Rosneft and was again beaten to the punch by its U.S. rival.

Airlines say demand holding up, shares gain

(Reuters) - Major airlines on Monday said demand for flights seemed to be holding up despite concerns that automatic U.S. spending cuts and rising taxes would hurt travel.

Exclusive: DoubleLine's Gundlach shifts gears, now buys U.S. bonds

LOS ANGELES (Reuters) - Jeffrey Gundlach, one of the world's leading bond fund managers, has reversed his once-bearish stance on government debt, saying he has bought "more long-term Treasuries in the last month" than in the last four years.

Toyota sees European profit as revamp bears fruit

GENEVA (Reuters) - Toyota Motor Corp will turn a profit in its European automotive business during the current fiscal year for the first time since 2007, a feat the company expects to repeat in fiscal 2013 as new models help seize market share from rivals.

Boeing's Conner says 787 fix can be done quickly, once approved

NEW YORK (Reuters) - Boeing Commercial Aircraft Chief Executive Ray Conner said the company is very confident about its proposed fix for batteries that melted down on two 787 Dreamliners in January, and the process of getting the fix installed and the plane flying again can move quickly once the solution is approved by regulators.

Viacom CEO calls Cablevision lawsuit "frivolous"

(Reuters) - Viacom Inc Chief Executive Philippe Dauman criticized Cablevision Corp on Monday for filing an "ill-advised and frivolous" antitrust lawsuit against Viacom that he said would just turn into a waste of legal fees.

Jaguar Land Rover to lift investment at UK engine plant

GENEVA (Reuters) - Luxury car maker Jaguar Land Rover plans to increase investment at its UK engine plant and double employment at the site to around 1,400, its chief executive said on Monday.