The Other Side of Life 24/7: Daily Investor Briefing: Wall St. extends rise, investors see...

Tuesday, June 18, 2013

Daily Investor Briefing: Wall St. extends rise, investors see...

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06/18/2013

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 St. extends rise, investors see no change in Fed policy

NEW YORK (Reuters) - Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts.

Inflation data points to firming economy

WASHINGTON (Reuters) - A gauge of underlying inflation showed signs of stabilizing in May after a long decline, a potential comfort to Federal Reserve policymakers who want firmer prices.

Adobe Systems profit beats as Creative Cloud subscriptions grow

(Reuters) - Adobe Systems Inc, which makes the Photoshop and Acrobat software, reported a higher-than-expected adjusted quarterly profit as demand rose for the subscription-based version of its flagship software package.

Google asks U.S. surveillance court permission to publish request data

SEATTLE (Reuters) - Google Inc said on Tuesday it has asked the Foreign Intelligence Surveillance Court to allow the Internet company to publish aggregate numbers of national security requests, including disclosures under the Foreign Intelligence Surveillance Act (FISA), separately from criminal requests.

Icahn seeks Dell share buyback, buys Southeastern stock

(Reuters) - Billionaire investor Carl Icahn on Tuesday laid out a new proposal for Dell Inc, calling on the No. 3 PC maker to buy back 1.1 billion shares and allowing the activist to become a larger stakeholder.

Exclusive: Facebook reaches 1 million active advertisers

(Reuters) - Facebook Inc said on Tuesday it now has 1 million active advertisers globally who used the platform in the last 28 days, a milestone for the company that is seeking to revive its revenue growth.

Huawei says has no plans to buy Nokia

NEW YORK (Reuters) - Chinese network equipment and cellphone maker Huawei Technologies Co said it "has no plans to acquire Nokia", responding to a Financial Times report that it would consider buying the Finish phone maker.

UK charges ex-UBS trader Hayes in Libor investigation

LONDON (Reuters) - Britain's fraud prosecutor on Tuesday charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud, as part of a global investigation into the manipulation of benchmark interest rates.

G8 pledges action on tax evasion, few concrete measures

ENNISKILLEN, Northern Ireland (Reuters) - The world's rich economies said they would take a tougher stance on fighting money laundering and tax evasion but promised little in the way of specific new action at the end of a two-day summit on Tuesday.

Deloitte to pay $10 million to settle misconduct accusations

NEW YORK (Reuters) - A financial advisory unit of Deloitte LLP has agreed to pay $10 million and accept other New York state penalties to settle accusations of misconduct related to an investigation of money laundering at Standard Chartered Bank.