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Thursday, October 31, 2013

Daily Investor Briefing: AIG quarterly profit beats estimates...

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10/31/2013
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AIG quarterly profit beats estimates
(Reuters) - American International Group Inc reported a better-than-expected third-quarter operating profit, helped by strong growth in its property and casualty business.
Wall Street falls as Fed uncertainty weighs
NEW YORK (Reuters) - U.S. stocks fell on Thursday on caution a day after the Federal Reserve kept its economic stimulus in place but failed to match some market expectations of extending accommodative policy into 2014.
No shutdown in U.S. Midwest as business activity index surges
WASHINGTON (Reuters) - Business activity in the U.S. Midwest surged past expectations in October as new orders hit their highest level since 2004, countering recent evidence of soft economic growth.
Fannie Mae sues nine banks for rigging Libor
NEW YORK (Reuters) - Fannie Mae sued nine of the world's largest banks on Thursday, accusing them of colluding to manipulate interest rates and seeking more than $800 million of damages.
Big Oil faces pressure from shareholders over costs
LONDON/HOUSTON (Reuters) - Oil industry shareholders concerned about poor returns and costly projects urged executives from Big Oil this week to return cash to shareholders - and at least one of the world's top five petroleum companies fully acquiesced.
BJ's launches $2.1 billion loan for refinancing, dividend recap
NEW YORK (Reuters) - Warehouse retailer BJ's Wholesale Club is tapping the wide open credit markets for the second time in slightly over 12 months to finance a distribution to its shareholders, sources told Thomson Reuters LPC.
More U.S. small businesses plan for employee health coverage: survey
(Reuters) - The number of U.S. small businesses planning to start to offer health coverage for their employees next year slightly exceeds the number that expect to drop coverage, even as costs continue to rise, according to a survey released on Thursday.
Analysis: For Merck, bringing cattle feed Zilmax back won't be easy
(Reuters) - U.S. pharmaceutical giant Merck & Co faces significant challenges bringing its controversial feed additive Zilmax back to market in the United States and Canada, even after a vote of confidence from South Korea on Thursday.
Oracle shareholders give Ellison's pay a thumbs down
SAN FRANCISCO (Reuters) - A majority of shareholders opposed Oracle Corp Chief Executive Larry Ellison's pay in a non-binding vote on Thursday following complaints that the world's third-richest man makes too much as his company struggles against smaller rivals.
Bombardier profit dips as plane deliveries, orders fall
TORONTO (Reuters) - Canadian plane and train maker Bombardier Inc reported a 15 percent fall in net profit on Thursday, pressured by fewer aircraft orders and deliveries in the third quarter and contract issues in its train unit.
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