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Tuesday, May 6, 2014

Daily Investor Briefing: Wall St. falls in broad selloff;...

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05/6/2014
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. falls in broad selloff; Twitter tumbles
NEW YORK (Reuters) - U.S. stocks fell broadly on Tuesday, closing at session lows, with AIG pulling financial shares lower after disappointing earnings and as a slide in Twitter took down other names in the technology and internet space.
'Frozen' movie lifts Disney quarterly earnings
(Reuters) - Media company Walt Disney Co reported higher profit for the quarter that ended in March, boosted by the continued strength of its blockbuster animated film "Frozen."
Long bond price rises as traders await Yellen
NEW YORK (Reuters) - The 30-year bond and other long-maturity U.S. Treasuries rose on Tuesday in thin, meandering trade ahead of potentially market-moving congressional testimony by Federal Reserve Chair Janet Yellen.
Bayer wins Merck & Co's $14 billion consumer unit auction
FRANKFURT (Reuters) - Germany's Bayer AG has trumped rival bidders for Merck & Co Inc's consumer care business in a $14.2 billion deal, adding to a string of major cross-border deals in the healthcare industry.
Exclusive: SEC probing brokerages over handling of retail orders - sources
(Reuters) - The Securities and Exchange Commission has sent out subpoenas and demands for records to brokerage companies as part of a probe into how retail customers' orders are routed, executed and filled, according to several people familiar with the matter.
DirecTV adds U.S. customers, shares rise
(Reuters) - DirecTV , the No. 1 U.S. satellite TV provider, reported a higher-than-expected quarterly profit on Tuesday and said Los Angeles customers were not canceling their subscriptions even though they are shut out from watching LA Dodgers' baseball.
UBS defeats shareholders' U.S. appeal over mortgage losses, tax probe
NEW YORK (Reuters) - A federal appeals court in New York rejected appeals by UBS AG shareholders seeking to hold the Swiss bank liable for their losses for having concealed its exposure to risky mortgage-backed securities and helping clients evade U.S. taxes.
U.S. trade gap narrows, but not enough to help GDP
WASHINGTON (Reuters) - The U.S. trade deficit narrowed in March as exports rebounded, but the improvement was probably not enough to prevent the government from revising down its estimate of first-quarter growth to show a contraction.
Conference hopes to put Miami on America's tech startup map
MIAMI (Reuters) - Silicon Valley need have no fear, but look out for the latest upstart to enter the tech arena: Miami.
Fiat Chrysler bets on Jeep, Alfa revamp to go global
DETROIT (Reuters) - Fiat Chrysler is betting on a breakneck expansion of its upmarket Alfa Romeo, Jeep and Maserati brands to transform itself into a global car making powerhouse within five years.
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