The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends lower, led by banks...

Thursday, March 27, 2014

Daily Investor Briefing: Wall Street ends lower, led by banks...

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03/27/2014

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

Wall Street ends lower, led by banks and tech

NEW YORK (Reuters) - U.S. stocks closed lower on Thursday, led by bank shares after a steep drop in Citigroup shares a day after the Federal Reserve rejected Citi's capital plan. Technology shares also helped lead the selloff.

Microsoft CEO signals new course with Office for iPad

SAN FRANCISCO (Reuters) - Microsoft Corp's new CEO Satya Nadella finally unveiled Office for Apple Inc's iPad in a polished debut that set him apart from his energetic predecessor while signaling his plans to make mobile apps the top priority at the world's largest software company.

U.S. senator urges GM to tell owners of recalled cars not to drive them

WASHINGTON (Reuters) - General Motors should promptly warn consumers not to drive GM cars recalled because of faulty ignition switches that can unexpectedly turn off engines and air bags as the vehicles are running, U.S. Senator Richard Blumenthal said on Thursday.

U.S. economy shows some muscle, housing still weak

WASHINGTON (Reuters) - The U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week, suggesting the economy has plenty of momentum to break out of its winter chill.

Comcast's Cohen to testify on Time Warner Cable merger

WASHINGTON (Reuters) - Comcast Corp's Executive Vice President David Cohen will testify at a hearing in the U.S. Senate on April 9 about his company's plans to buy Time Warner Cable Inc, a Comcast spokeswoman said on Thursday.

SEC's Gallagher seeks reforms to stop activist shareholder proposals

WASHINGTON (Reuters) - U.S. corporate governance rules make it too easy for activist investors to get politically driven shareholder proposals onto public company ballots and should be overhauled, a top U.S. Securities and Exchange Commission official said Thursday.

Alstom shares sink on risk of fine in U.S. bribery probe

PARIS/WASHINGTON (Reuters) - Alstom shares fell sharply on investors' fears that the French engineering firm could face a heavy fine from the U.S. Justice Department as a result of a bribery investigation that has spread across Asia.

Ex-Dewey finance director admits accounting was false

NEW YORK (Reuters) - Dewey & LeBoeuf's ex-finance director pleaded guilty to grand larceny last month and admitted he knew false financial statements were being provided to the firm's lenders, according to court documents unsealed on Thursday.

Vivendi to examine Bouygues SFR offer: sources

PARIS (Reuters) - Vivendi will examine the latest Bouygues offer for its SFR telecoms subsidiary while respecting a three-week exclusivity period for talks with a rival bidder, two sources familiar with the matter said.

Qatar buys helicopters, missiles in $23 billion arms deals

DOHA (Reuters) - Qatar announced contracts worth about $23 billion on Thursday to buy attack helicopters, guided missiles, tankers and other weapons from Boeing Co , Airbus and other arms makers as the Gulf state accelerates its military build-up.