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Friday, December 27, 2013

Daily Investor Briefing: Big year ends with Wall Street...

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12/27/2013
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
Big year ends with Wall Street hopeful for 2014
NEW YORK (Reuters) - As Wall Street's best year in more than 15 draws to a close, few are expecting a repeat performance in 2014, though traders have plenty of reasons to feel optimistic.
Target says PINs stolen, but confident data secure
BOSTON/NEW YORK (Reuters) - Target Corp said PIN data of some customers' bank ATM cards were stolen in a massive cyber attack at the third-largest U.S. retailer, but it was confident that the information was "safe and secure."
Nasdaq to compensate firms on December 31 for botched Facebook IPO
NEW YORK (Reuters) - Nasdaq OMX Group Inc will compensate firms on December 31 for qualifying claims related to Facebook Inc's botched May 2012 initial public offering, the exchange operator said in a note to traders on Friday.
Wall Street little changed, ends up for week
(Reuters) - U.S. stock indexes closed mostly flat on Friday, with some key technology companies eroding recent gains after investors took a break from a rally that has pushed stocks to all-time highs.
U.S. bank watchdogs to consider Volcker rule tweak
WASHINGTON (Reuters) - U.S. bank regulators said on Friday they would consider exempting certain complex securities from the so-called Volcker rule after community banks sued the agencies, warning of massive losses.
March of state companies resets global trading patterns
LONDON (Reuters) - As U.S. and European banks drop out of commodity trading, Russian, Chinese and Gulf state firms are filling the gap in an attempt to exert greater control over the pricing of the raw materials on which their economies so heavily depend.
GM recalls 1.5 million cars in China over fuel pump bracket
SHANGHAI (Reuters) - General Motors Co's China joint venture is recalling 1.46 million cars due to a defect with the fuel pump brackets, in one of the largest safety recalls in the world's biggest auto market.
Toyota recalling more than 400,000 vehicles in Saudi Arabia
(Reuters) - Toyota Motor Corp is recalling more than 400,000 vehicles in Saudi Arabia that were produced from 2006 to 2010 due to concerns about unintended acceleration, the company and Saudi Arabia's trade ministry said.
U.S. economic growth gauge strengthens slightly: ECRI
NEW YORK (Reuters) - A measure of future U.S. economic growth increased last week while the annualized growth rate slowed, a research group said on Friday.
Swiss banks Lombard Odier and VP Bank sign up to U.S. tax deal
ZURICH (Reuters) - Lombard Odier & Cie and VP Bank (Switzerland) on Friday became the latest Swiss banks to say they would work with U.S. officials in a crackdown on lenders suspected of helping wealthy Americans evade taxes through hidden offshore accounts.
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