The Other Side of Life 24/7: Daily Investor Briefing: Twitter shares nearly double in...

Thursday, November 7, 2013

Daily Investor Briefing: Twitter shares nearly double in...

Click to View in Browser

11/7/2013

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

Twitter shares nearly double in frenzied NYSE debut

NEW YORK/SAN FRANCISCO (Reuters) - Twitter Inc shares soared as much as 92 percent on their first day of trading on the New York Stock Exchange, an extraordinary debut that drove the seven-year-old company's value to more than $25 billion and evoked comparisons to the dot-com bubble of the late 1990s.

Disney profit rises on theme parks, toy sales

LOS ANGELES (Reuters) - Walt Disney Co reported higher profit for the quarter that ended in September, lifted by increased spending from summer visitors at its U.S. theme parks and a rise in sales of toys and other consumer products.

U.S. growth picks up as restocking offsets weak spending

WASHINGTON (Reuters) - U.S. economic growth accelerated in the third quarter as businesses restocked shelves, but the slowest expansion in consumer spending in two years suggested an underlying loss of momentum.

ECB cuts rates to new low, ready to do more if needed

FRANKFURT (Reuters) - The European Central Bank cut interest rates to a record low on Thursday and said it could take them lower still to prevent the euro zone's recovery from stalling as inflation tumbles.

Taxpayers close to breaking even on Fannie Mae, Freddie Mac bailout

WASHINGTON (Reuters) - Government-run Fannie Mae and Freddie Mac, America's biggest providers of housing finance, will send $39.0 billion to the U.S. Treasury in December, leaving them within a hair of covering the cost of their 2008 bailout.

S&P 500 suffers worst day since late August; Twitters surges

NEW YORK (Reuters) - Frenzied buying in Twitter shares grabbed Wall Street's attention on Thursday, as the social media stock surged well above expectations, while major indexes fell, with the S&P 500 suffering its worst daily decline since August.

IBM's CFO Loughridge to retire by year-end

(Reuters) - IBM's Chief Financial Officer Mark Loughridge is retiring at the end of the year after almost a decade on the job.

Groupon quarterly profit beats estimates

(Reuters) - Groupon Inc's third-quarter profit beat analysts' estimates as the world's largest daily deals company reported strong growth in North America.

U.S. consumer credit up, credit card use falls again

WASHINGTON (Reuters) - U.S. consumer credit rose more than expected in September but credit card usage fell for a fourth straight month, which could help shed some light on the slowdown in consumer spending during the third quarter.

Activist investor urges Men's Wearhouse to talk to Jos. A Bank

(Reuters) - Hedge fund Eminence Capital LLC on Thursday said it has a nearly 10 percent stake in Men's Wearhouse Inc , making it the retailer's largest shareholder, and said the company should start talks with Jos. A. Bank Clothiers Inc , which last month announced an unsolicited bid for its larger rival.