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Tuesday, April 16, 2013

Daily Investor Briefing: Wall Street ends higher as gold...

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04/16/2013
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 as gold rebounds, earnings help
NEW YORK (Reuters) - Stocks jumped more than 1 percent on Tuesday, a day after their worst decline since November, as gold prices rebounded and earnings from Coca-Cola and Johnson & Johnson improved the outlook for first-quarter results.
Yellen says Fed rates guidance helps support recovery
WASHINGTON (Reuters) - The Federal Reserve's policy of communicating future intentions on interest rates helps support employment and economic growth, Fed Vice Chairwoman Janet Yellen said on Tuesday.
Yahoo posts flat first-quarter revenue on declining display ad sales
SAN FRANCISCO (Reuters) - Yahoo Inc's net revenue in the first quarter was flat year-on-year, as the Internet company's display advertising business experienced declining revenue for the second quarter in a row.
Court OKs Lehman settlements to free up $15 billion for customers
NEW YORK (Reuters) - A judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims.
FAA chief gives no date to approve Boeing 787 battery
WASHINGTON (Reuters) - Boeing Co has finished testing its redesigned 787 Dreamliner battery system, the Federal Aviation Administration said Tuesday, but the agency gave no timetable for when it would lift a ban on flights by the new jet.
Macy's seeks to block Penney from selling certain Martha Stewart goods
NEW YORK (Reuters) - Macy's Inc has asked a New York court for a temporary restraining order to block rival J.C. Penney Co Inc from selling unbranded Martha Stewart goods in its stores, the latest twist in a legal battle between the two department store chains over rights to the domestic doyenne's products.
Exclusive: Mercuria sees 10-20 percent stake sale before end-2013
LONDON (Reuters) - Commodity trader Mercuria expects to draw up a shortlist of investors to buy 10 to 20 percent of the firm in four to six weeks and hopes a sale will be concluded by the end of the year, Chief Executive Marco Dunand said on Tuesday.
Inflation, factory data favor continued Fed easing
WASHINGTON (Reuters) - Consumer prices fell in March for the first time in four months and factory output slipped, strengthening the argument for the Federal Reserve to maintain its monetary stimulus to speed up economic growth.
Group steps up effort to shut down Export-Import bank
WASHINGTON (Reuters) - A conservative free-market political group on Tuesday stepped up its effort to shut down the Export-Import Bank, less than a year after Congress voted to renew the bank's charter.
Toronto investment banker settles U.S. insider-trading case
NEW YORK (Reuters) - A former Canadian Imperial Bank of Commerce investment banker on Tuesday agreed to pay $340,000 to settle charges brought by U.S. regulators that he illegally traded ahead of a buyout offer for Tomkins Plc based on information he gleaned from his job.
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