The Other Side of Life 24/7: Daily Investor Briefing: Icahn gives up Apple buyback plan...

Monday, February 10, 2014

Daily Investor Briefing: Icahn gives up Apple buyback plan...

Click to View in Browser

02/10/2014

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

Icahn gives up Apple buyback plan after ISS urges 'no' vote

(Reuters) - Billionaire activist investor Carl Icahn has backed off from his campaign urging Apple Inc to increase its stock buybacks, citing the company's recent repurchases as well as an influential proxy adviser's call against his proposal.

Exclusive: Regulator plans purge of Wall Street arbitrators

(Reuters) - Wall Street veterans would no longer be allowed to act as arbitrators in many legal disputes between investors and their brokerages under a proposal that a U.S. regulator will present to its board on Thursday, a person familiar with the matter said.

Wall St. closes slightly up; investors look to Yellen

NEW YORK (Reuters) - Stocks ended with modest gains on Monday as investors digested recent market gains and looked ahead to new Federal Reserve Chair Janet Yellen's first testimony before lawmakers.

Bitcoin plunges after major platform indefinitely halts withdrawals

NEW YORK (Reuters) - The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected "unusual activity."

Germany's Continental to buy U.S. firm Veyance for $1.9 billion

BERLIN (Reuters) - German tire and car parts maker Continental has agreed to buy U.S. private equity investor Carlyle Group's Veyance Technologies, which once belonged to its rival Goodyear , for 1.4 billion euros ($1.9 billion).

Exclusive: FireEye takes on Cisco, Palo Alto with new cyber product

(Reuters) - Cybersecurity firm FireEye Inc plans to take on Cisco Systems Inc and Palo Alto Networks Inc in selling intrusion prevention systems, which help companies detect cyber threats that breach their firewalls.

Charter to name nominees for Time Warner Cable board as soon as Monday: source

(Reuters) - Charter Communications is planning to announce 13 nominees to Time Warner Cable Inc's board as soon as Monday, setting the stage for a proxy fight with the larger cable operator, according to a person familiar with the matter.

Better Markets sues Justice Department over JPMorgan settlement

WASHINGTON (Reuters) - The non-profit group Better Markets filed a lawsuit against the U.S. Justice Department on Monday to block what it called an "unlawful" $13 billion settlement with JPMorgan Chase & Co over bad mortgage loans sold to investors before the financial crisis.

Barnes & Noble shares rise on news of job cuts among Nook staff

(Reuters) - Barnes & Noble Inc shares rose by as much as 9.6 percent on Monday after news that the bookseller cut jobs from its team of hardware engineers working on its money-losing Nook digital books and e-reader business.

After two-year pause, Hyundai Motor poised to add new capacity

SEOUL/BEIJING (Reuters) - Two years ago, Hyundai Motor Co's 75-year-old chairman Chung Mong-koo called a halt to capacity expansion, worried the South Korean group risked running into the kind of quality issues that dogged Japanese rival Toyota Motor Corp when it grew too aggressively in the 2000s.