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Tuesday, July 30, 2013

Daily Investor Briefing: S&P 500 edges up on earnings; potash...

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07/30/2013
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
S&P 500 edges up on earnings; potash slide curbs gain
NEW YORK (Reuters) - Stocks ended mostly higher on Tuesday following gains in technology shares and stronger-than-expected earnings from Pfizer, but a selloff in the potash sector limited the advance.
Accused tipper to SAC hedge fund arrested in insider-trading probe
(Reuters) - A securities analyst accused of leaking secret information in 2009 about a potential partnership between Yahoo and Microsoft to an SAC Capital Advisors hedge fund manager and other traders was arrested and charged in California, prosecutors said on Tuesday.
Cost controls help Pfizer, Merck weather weak quarter
(Reuters) - Big Pharma is still relying on belt-tightening to prop up financial results.
EADS board discusses reorganization, rebranding plans
PARIS (Reuters) - The board of EADS gathered on Tuesday to vote on a reorganization that will see the European aerospace group adopt the name of its main Airbus subsidiary, industry sources said.
Home prices rise in May, though pace slows
NEW YORK (Reuters) - U.S. home prices rose in May, suggesting the housing market recovery pushed ahead during the spring buying season, though the pace of gains slowed in what analysts said could be a sign of things to come.
Morgan Stanley fined for selling exotic funds to unwary investors
NEW YORK (Reuters) - Morgan Stanley has agreed to pay a $100,000 fine to New Jersey state securities regulators for selling exotic exchange-traded funds to unwary investors, state officials said on Tuesday.
Crackdown on risk hits Barclays, Deutsche
LONDON/FRANKFURT (Reuters) - A $9 billion rights issue and a fresh purge of assets are among the measures Britain's Barclays and Germany's Deutsche Bank announced on Tuesday to meet tougher rules on risk, raising concern among investors that regulators will push other European banks into similar action.
Low-cost operations of Japan's ANA to focus on resort travel: Nikkei
(Reuters) - Japan's ANA Holdings Inc plans to beef up its low-cost-carrier operations by focusing on resort travel to places such as Guam and Hawaii, the Nikkei said, citing company sources.
JPMorgan to pay $410 million to settle power market case
NEW YORK (Reuters) - JPMorgan Chase & Co agreed on Tuesday to pay $410 million to settle allegations of power market manipulation in California and the Midwest, the latest in a series of high-profile inquiries by U.S. federal energy regulators.
Community Health to buy Health Management for $3.9 billion
(Reuters) - U.S. hospital chain Community Health Systems Inc said on Tuesday it would buy smaller Health Management Associates Inc for $3.9 billion to increase its base during the overhaul of the country's healthcare system.
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