The Other Side of Life 24/7: Daily Investor Briefing: Wall St. slips a day after Dow, S&P...

Tuesday, June 3, 2014

Daily Investor Briefing: Wall St. slips a day after Dow, S&P...

Click to View in Browser

06/3/2014

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. slips a day after Dow, S&P set records

NEW YORK, (Reuters) - U.S. stocks inched lower in low volume on Tuesday, with the Dow and the S&P 500 receding from Monday's record closing levels as traders found few reasons to buy following a string of gains. A rise in semiconductor companies' shares limited losses.

U.S. factory orders, auto sales buoy growth outlook

WASHINGTON (Reuters) - New orders for U.S.-made factory goods rose for a third straight month in April and top automakers reported strong vehicle sales in May, boosting the outlook for second-quarter economic growth.

France takes U.S. to task over BNP Paribas fine

PARIS/NEW YORK (Reuters) - France stepped up its protests to the United States on Tuesday over a possible $10 billion-plus sanctions busting fine for its biggest bank BNP Paribas , saying such a move could hurt transatlantic free-trade talks.

Pilgrim's Pride tops Tyson Foods' offer for Hillshire

(Reuters) - Pilgrim's Pride Corp PPC.O, the second largest U.S. chicken processor, raised its offer for Hillshire Brands Co HSH.N, escalating a bidding war with Tyson Foods Inc for the maker of Jimmy Dean sausages.

Exclusive: At least 74 dead in crashes similar to those GM linked to faulty switches

(Reuters) - At least 74 people have died in General Motors cars in accidents with some key similarities to those that GM has linked to 13 deaths involving defective ignition switches, a Reuters analysis of government fatal-crash data has determined. Such accidents also occurred at a higher rate in the GM cars than in top competitors' models, the analysis showed.

Icahn bought $51 million in Fannie, Freddie shares - filing

NEW YORK (Reuters) - Activist investor Carl Icahn acquired about $51 million in the common shares of mortgage financiers Fannie Mae and Freddie Mac from mutual fund manager Fairholme Funds Inc in March, a court filing showed on Tuesday.

Messaging app Line mulls U.S., Japan IPO, report says

(Reuters) - The popular messaging app, Line, owned by Asia's Naver Corp, is preparing an initial public offering in the United States and Tokyo as soon as November, Bloomberg reported Tuesday, citing people who were familiar with the matter.

Deutsche Bank prepares to price new shares at big discount

FRANKFURT (Reuters) - Deutsche Bank will price an 8 billion euro ($11 billion) capital increase on Wednesday, likely at a big discount, to fortify its balance sheet ahead of regulatory checks and to complete a costly restructuring.

Self-driving cars may hit roads in 2018: Renault-Nissan CEO

PARIS (Reuters) - Cars that drive themselves could be on the roads four years from now, provided red tape does not get in the way, Carlos Ghosn, head of the Renault-Nissan alliance, said on Tuesday.

AT&T raises full-year revenue outlook for second time

(Reuters) - AT&T Inc T.N raised its full-year revenue forecast for a second time, citing strong growth in its equipment installment plan even as its service revenue stagnated.