The Other Side of Life 24/7: 09/30/13

Monday, September 30, 2013

Daily Investor Briefing: Wall Street ends down for day; posts...

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09/30/2013

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 Street ends down for day; posts gains for month, quarter

NEW YORK (Reuters) - U.S. stocks closed lower on Monday with just hours to go before a midnight deadline to avert a federal government shutdown, but major indexes ended September with solid monthly gains.

SEC to stay open in the event of broader government shutdown

WASHINGTON (Reuters) - The Securities and Exchange Commission will remain open for business even if Congress fails to strike a budget deal to keep the government operating, SEC spokesman John Nester said Monday.

U.S. study says asset managers could pose systemic market risk

WASHINGTON (Reuters) - Some activities of asset managers could pose risks to the broader marketplace, according to a study released by the Treasury Department on Monday that boosted the likelihood the largest such firms would face tougher federal scrutiny.

U.S. third quarter earnings warning ratio is second worst since 2001

NEW YORK (Reuters) - U.S. companies are warning about third-quarter earnings at a rate lower than last quarter but still at the second highest level since 2001, leaving estimates well below what they were just three months ago.

Tesco puts U.S. grocery chain in bankruptcy, seeks sale

(Reuters) - Britain's Tesco Plc put its U.S. grocery store chain into bankruptcy on Monday as part of a plan to sell most of the 167 stores to a private equity firm led by billionaire Ron Burkle.

Boeing taking steps to make 787 more dependable

SANTIAGO (Reuters) - Boeing acknowledged the reliability issues of its 787 Dreamliners on Monday, and said it is taking steps to make the new high-tech plane more dependable.

American Airlines plans to hire 1,500 pilots

(Reuters) - American Airlines plans to hire 1,500 pilots over the next five years as it expands international flying and takes delivery of new planes, the carrier said on Monday.

Osram to cut 900 jobs in North America

FRANKFURT (Reuters) - German lighting maker Osram Licht AG said it will shut down some of its lighting maintenance sites in the United States and Canada as it shifts its business away from traditional street lights to LED technology.

UK fraud squad fends off court challenge that endangered cases

LONDON (Reuters) - Britain's Serious Fraud Office on Monday beat back a court challenge that endangered cases against prominent defendants, a big relief for the country's prime financial crime-fighting agency after repeated blows to its reputation.

Calpers concerned about Richmond, California's mortgage plan

SAN FRANCISCO (Reuters) - As Richmond, California, moves forward with a plan to help struggling homeowners by using its power of eminent domain to seize underwater mortgages, the list of those concerned about it is growing - and now includes the pension fund for many of the very same city workers pushing the plan.