The Other Side of Life 24/7: Daily Investor Briefing: Wall St. ends higher; Internet shares...

Monday, May 19, 2014

Daily Investor Briefing: Wall St. ends higher; Internet shares...

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05/19/2014

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 St. ends higher; Internet shares gain

NEW YORK (Reuters) - U.S. stocks closed higher on Monday, with another drop in bond yields supporting equities, while gains in Internet and biotech stocks gave the Nasdaq an outsized advance.

AT&T deal opens era of competition with Mexico's Slim

MEXICO CITY (Reuters) - For a generation, AT&T and Mexican billionaire Carlos Slim's telephone business stood side by side and grew to become giants of the industry north and south of the Rio Grande.

Fed's super-easy policies pose risks, officials say

DALLAS (Reuters) - The Federal Reserve's super-easy policies, if pursued for too long, could have adverse consequences in the long run, two top Fed officials said on Monday, although the biggest risk is not runaway inflation.

Sprint to pay $7.5 million in record U.S. settlement for unwanted calls

WASHINGTON (Reuters) - Sprint Corp will pay $7.5 million to settle allegations that it failed to spare consumers from unwanted telemarketing calls, U.S. communications regulators said on Monday.

France's Publicis wins $500 million deal with Facebook: Ad Age

(Reuters) - France's Publicis Groupe SA has won a digital marketing deal with Facebook Inc worth about $500 million including spending, website Ad Age reported citing an executive familiar with the matter.

AstraZeneca rejects Pfizer's take-it-or-leave-it offer

LONDON (Reuters) - Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer, puncturing the U.S. drugmaker's plan for a merger to create the world's biggest pharmaceuticals group.

Ousted New York Times editor to grads: Show what you are made of

WINSTON-SALEM/NEW YORK (Reuters) - The New York Times' ousted top editor Jill Abramson made her first public remarks on Monday not shying away from the controversy surrounding her departure and told graduates to fight back.

AT&T-DirecTV merger may hinge on NFL agreement

(Reuters) - If DirecTV is unable to strike a deal with the National Football League to renew the satellite TV operator's contract to offer the popular NFL Sunday Ticket football package, AT&T Inc can pull out of the merger, according to a regulatory filing.

Deutsche Bank chairman leads battle for the bulge bracket

FRANKFURT (Reuters) - Paul Achleitner, the chairman of Deutsche Bank , believes Europe needs a global investment bank to support the region's companies that can measure up to rivals in the United States.

GM names new top spokesman Cervone, turning to old hand

DETROIT (Reuters) - General Motors Co has turned to an old hand to lead its global communications as it deals with the fallout of a defective ignition-switch issue linked to at least 13 deaths and the recall of 2.6 million vehicles.