The Other Side of Life 24/7: Daily Investor Briefing: Wall St. mostly up as Summers...

Monday, September 16, 2013

Daily Investor Briefing: Wall St. mostly up as Summers...

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09/16/2013

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 St. mostly up as Summers withdraws, Apple down

NEW YORK (Reuters) - U.S. stocks rose on Monday after former Treasury Secretary Lawrence Summers withdrew as a candidate for Federal Reserve chairman, removing market uncertainty about what was shaping up to be a contentious confirmation process.

JPMorgan near deal on Whale probes for about $700 million: source

(Reuters) - JPMorgan Chase & Co is near a final settlement of probes into its London Whale derivatives loss and expects to pay about $700 million, according to source familiar with the matter.

Traders bet on later Fed rate hike with Summers out of picture

(Reuters) - Traders are betting the Federal Reserve will keep policy easier for longer now that former Treasury Secretary Lawrence Summers is out of the running to succeed Ben Bernanke as chairman of the U.S. central bank.

Pratt sees 2.5 pct or more cost cut on next F-35 engines

NATIONAL HARBOR, Maryland (Reuters) - Pratt & Whitney, a unit of United Technologies Corp , on Monday said it expects to drive down the cost of the F135 engines it builds for the U.S. F-35 fighter jet at least 2.5 percent, and perhaps more, in its next two production contracts.

IMF disburses $113 million for bailed-out Cyprus

NICOSIA (Reuters) - The International Monetary Fund said on Monday it had completed its first review of its bailout program for Cyprus, enabling the disbursement of $113 million.

Bombardier's all-new CSeries makes inaugural flight

MIRABEL, Quebec (Reuters) - Bombardier Inc's CSeries jetliner successfully completed its first flight on Monday, a key step in a $3.4 billion program to develop the first all-new narrow-body plane of its size in decades that the company hopes will increase sales.

U.S. options trading again halted due to systems glitch

NEW YORK/CHICAGO (Reuters) - Options trading on several major exchanges was halted on Monday due to an unexplained problem with the computer system that distributes price quotes, the latest in a series of technology failures to force an outage in U.S. securities trading.

Exclusive: Goldman names Chavez as CIO, when Scopellite retires

NEW YORK (Reuters) - Goldman Sachs Group Inc has named R. Martin Chavez to become chief information officer when Steven Scopellite, a 28-year veteran of the bank's technology group, retires at year-end, according to internal memos on Monday.

Manufacturing sector regaining some momentum

WASHINGTON (Reuters) - U.S. factory output surged in August as the pace of motor vehicle assemblies jumped to a six-year high, a hopeful sign for the economy after a slow start to the third quarter.

Lockheed Martin wins rare commercial contract for Atlas launch

CAPE CANAVERAL, Florida (Reuters) - Lockheed Martin Corp has won a rare commercial contract for launch services on its unmanned Atlas 5 rocket, officials said on Thursday.