The Other Side of Life 24/7: Daily Investor Briefing: Dow, S&P 500 end slightly higher...

Wednesday, October 9, 2013

Daily Investor Briefing: Dow, S&P 500 end slightly higher...

Click to View in Browser

10/9/2013

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 slightly higher

NEW YORK (Reuters) - The Dow and S&P 500 ended modestly higher on Wednesday as Republicans and Democrats in Congress said they saw signs of hope for a break in the fiscal impasse in the ninth day of government shutdown.

Obama picks Yellen for top Fed job, urges quick Senate approval

WASHINGTON (Reuters) - President Barack Obama nominated Federal Reserve Vice Chair Janet Yellen on Wednesday to run the world's most influential central bank and urged the Senate to confirm her without delay.

JPMorgan launches $3.3 billion physical commodity business sale

(Reuters) - JPMorgan Chase & Co has launched the sale of its physical commodities business, circulating offering documents to potential buyers and valuing the assets at $3.3 billion, according to a person familiar with the matter.

SEC on the prowl for rule breakers big and small, White says

WASHINGTON (Reuters) - The top U.S. securities regulator on Wednesday placed everyone from auditors to fund board members on notice, saying her agency plans to look for violations in all corners of the market, from major Wall Street investment firms to boiler room operations.

G20, meeting in Washington, to seek answers on looming U.S. debt crisis

WASHINGTON (Reuters) - Top finance officials from the world's leading economies gathering later this week will look for straight answers from the United States over the political dysfunction that threatens to throw the world's largest economy into default.

Barington Capital urges Darden to split company: WSJ

(Reuters) - Hedge fund Barington Capital Group LP is pushing for Olive Garden parent Darden Restaurants Inc to split into two separate companies, the Wall Street Journal reported citing people familiar with the matter.

Cargill profits slump, grain sector hit by 2012 drought

CHICAGO (Reuters) - U.S. agribusiness company Cargill Inc on Wednesday reported a 41 percent drop in quarterly profits as the lingering effects of the 2012 severe drought in the United States reduced grain-handling opportunities.

HP CEO expects to steady the ship in 2014, sends shares north

SAN JOSE (Reuters) - Hewlett Packard Co Chief Executive Meg Whitman expects revenue to stabilize in 2014 with "pockets of growth" before the business accelerates again in 2015, sending the stock up as much as 9.5 percent on Wednesday.

Santander says to participate in UK's Help to Buy scheme

(Reuters) - The British arm of Spanish bank Santander will participate in a UK programme to help people buy their own homes, Chief Executive Ana Botin told Reuters on Wednesday.

UK's RBS denies residential property sale report

(Reuters) - Britain's Royal Bank of Scotland on Wednesday denied a newspaper report it was planning to sell a portfolio of more than 1,300 UK residential properties owned by its property arm, and was considering floating them on the stock exchange.