The Other Side of Life 24/7: 11/20/13

Wednesday, November 20, 2013

Daily Investor Briefing: Fed officials felt taper may happen...

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11/20/2013

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

Fed officials felt taper may happen at next few meetings: minutes

WASHINGTON (Reuters) - Federal Reserve officials felt they could decide to start scaling back the U.S. central bank's massive asset-purchase program at one of its next few meetings provided this was warranted by economic growth.

Wall Street ends lower after Fed minutes

NEW YORK (Reuters) - U.S. stocks fell on Wednesday after minutes from the last Federal Reserve meeting said the central bank could begin to scale back its stimulus program at one of its next few meetings.

Tribune to cut 700 jobs at its newspaper division

(Reuters) - Tribune Co plans to cut 700 jobs, or about 6 percent of its workforce, mainly at its newspaper division, as the company readies to split apart its publishing assets from its broadcast TV stations.

On China's roads, where luxury risks becoming ordinary

GUANGZHOU, China (Reuters) - Luxury car dealers are resorting to offering customers massages, mini-golf and other gimmicks, hoping this will give them an edge in a ferociously competitive Chinese market where brand loyalty is less common than in the West.

U.S. retail sales signal rise in demand; inflation tame

WASHINGTON (Reuters) - A gauge of U.S. consumer spending rose more than expected in October as households bought a range of goods, suggesting upside momentum in the economy early in the fourth quarter.

Ally Financial repays $5.9 billion in bailout aid: Treasury

WASHINGTON (Reuters) - Auto lender Ally Financial Inc has repaid the U.S. government $5.9 billion in federal bailout aid it received during the financial crisis, the Treasury Department said on Wednesday.

Foreign investors eye airports as Indonesia rolls out welcome mat

JAKARTA (Reuters) - Indonesia's need for more and better airports is drawing strong interest from foreign transport and construction companies, hungry for a slice of the action in one of world's the fastest growing markets for air travel.

Exclusive: Silver Lake hires banks for Mercury Payment IPO - sources

(Reuters) - Private equity firm Silver Lake has hired JPMorgan Chase & Co , Barclays Plc and Morgan Stanley to lead a potential initial public offering of Mercury Payment Systems LLC, according to people familiar with the matter.

Lockheed sees more clarity on Saudi naval buy in next months

DUBAI (Reuters) - Lockheed Martin Corp expects news about a multibillion dollar program to modernize the Saudi Arabian Navy in the next several months, senior company executives told Reuters at the Dubai Airshow on Wednesday after meetings with Saudi officials.

French government to sue E.Leclerc over supplier relations

PARIS (Reuters) - The French government said on Wednesday it would sue retailer E.Leclerc before a Paris commercial court over what it described as unfair relations with its suppliers.