The Other Side of Life 24/7: Daily Investor Briefing: Dow, S&P 500 end lower; Nasdaq lifted...

Monday, August 12, 2013

Daily Investor Briefing: Dow, S&P 500 end lower; Nasdaq lifted...

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08/12/2013

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, S&P 500 end lower; Nasdaq lifted by BlackBerry, Apple

NEW YORK (Reuters) - The Dow and the S&P 500 indexes dipped on Monday, extending losses from Wall Street's worst week since June last week, but Apple and BlackBerry kept the Nasdaq index afloat.

BlackBerry may put itself up for sale

TORONTO (Reuters) - Struggling smartphone maker BlackBerry is mulling options that could include joint ventures, partnerships or an outright sale, as the company's leading shareholder steps down from its board in a possible prelude to taking a different role.

Court delays conference on Icahn lawsuit to block Dell deal

(Reuters) - A legal battle between activist investor Carl Icahn and computer magnate Michael Dell has been delayed until Friday, with a court setting a hearing then on Icahn's contention that Dell's bid to buy back Dell Inc is "an insult to shareholders."

U.S. posts $98 billion budget deficit in July

WASHINGTON (Reuters) - The United States ran a budget deficit in July, although government revenues increased from a year earlier due to tax hikes and a strengthening economy, a report from the Treasury showed on Monday.

HP, ex-CEO Hurd win dismissal of lawsuit over harassment scandal

(Reuters) - Hewlett-Packard Co and its former chief executive, Mark Hurd, have won dismissal of a lawsuit that challenged the computer maker's public commitment to ethics at a time when Hurd was allegedly engaging in sexual harassment.

Yum's July China restaurant sales fall more than expected

(Reuters) - KFC parent Yum Brands Inc on Monday reported a 13 percent drop in July sales at established restaurants in China, a steeper-than-expected drop after back-to-back blows from a food safety scare and a bird flu outbreak in its most important market.

Spirit AeroSystems posts quarterly loss after big charges

(Reuters) - Spirit AeroSystems Holdings , a supplier of aircraft parts, reported a second-quarter loss on Monday as it took charges tied to expected cost increases for airplane programs.

Machinists union says it wins vote to represent US Airways mechanics

(Reuters) - The machinists union on Monday said it won an election to represent nearly 5,000 US Airways Group mechanics, beating back an attempt by the Teamsters to gain a foothold at the carrier ahead of its merger with American Airlines.

Fed's cues on rates more critical than bond buys: Fed study

SAN FRANCISCO (Reuters) - For investors trying to pinpoint when the Federal Reserve will likely end its massive bond-buying program, the message from researchers at a pair of influential regional Fed banks was clear: don't bother.

Arinc buy to beef up Rockwell's commercial business

(Reuters) - Rockwell Collins , which is looking to opportunities in the commercial market as its defense business comes under pressure, is buying Arinc, an aerospace communications company, for $1.39 billion.