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Thursday, June 26, 2014

Daily Investor Briefing: U.S. second-quarter growth forecasts...

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06/26/2014
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U.S. second-quarter growth forecasts cut on tepid consumer spending
WASHINGTON (Reuters) - U.S. consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth.
Wall Street ends down slightly after rate comments
NEW YORK (Reuters) - U.S. stocks dipped on Thursday, though indexes ended well off session lows after James Bullard, the president of the Federal Reserve Bank of St. Louis, said interest-rate increases should come sooner rather than later.
Action camera-maker GoPro makes picture-perfect debut
(Reuters) - Shares of GoPro Inc, a maker of cameras used by surfers, skydivers and other action junkies to record and post their exploits online, rose as much as 38 percent in their market debut.
Exclusive: Airbus poised to revamp A330 with Rolls-Royce
PARIS (Reuters) - Airbus is very close to a decision to upgrade its A330 with engines provided by Rolls-Royce , setting the stage for a bitter new phase in the battle for wide-body jet orders with Boeing's 787 Dreamliner, people familiar with the matter said.
DuPont cuts second-quarter, full-year operating profit forecast
(Reuters) - Chemicals maker DuPont cut its operating profit forecast for the second quarter and full year, mainly due to a worse-than-expected performance at its agriculture and performance chemicals units.
Nike's profit rises on strong sales in North America, Europe
(Reuters) - Sports wear maker Nike Inc reported a rise in quarterly profit, helped by strong sales of its apparel and footwear in North America and Western Europe.
Argentina deposits debt payment, but U.S. court blocks payout
BUENOS AIRES (Reuters) - Argentina has deposited the next payment needed to avoid a default on its restructured bonds, but a U.S. federal court decided on Thursday not to let the payment go through
Moody's upgrades Italy's Monte Paschi to reflect cash call
MILAN (Reuters) - Ratings agency Moody's has upgraded its long-term rating on Banca Monte dei Paschi di Siena to 'B1' from 'B2', saying the bank's ongoing 5 billion euro rights issue would strengthen its capital against poor asset quality and losses.
New York attorney general accuses Barclays of 'dark pool' fraud
NEW YORK/LONDON (Reuters) - New York's attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency traders, while claiming to be protecting other clients from them.
Virgin America union vote results set for August 13
SEATTLE (Reuters) - Virgin America and its flight attendants will find out on August 13 whether an effort to form the first union at the California-based airline succeeds or fails, The National Mediation Board said on Thursday.
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