The Other Side of Life 24/7: Daily Investor Briefing: Wall Street falls as Russia tensions...

Thursday, August 7, 2014

Daily Investor Briefing: Wall Street falls as Russia tensions...

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08/7/2014

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 falls as Russia tensions outweigh data

NEW YORK (Reuters) - Stocks ended lower on Thursday, with concerns over a sanctions faceoff between Russia and the West erasing morning gains on upbeat jobs data.

U.S. jobless claims fall; four-week average hits 8-1/2-year low

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to a further strengthening of labor market conditions.

Argentine bonds and stocks firm on possible deal to cure default

BUENOS AIRES (Reuters) - Argentine bonds and stocks extended gains on Thursday, with news that international banks may be close to a deal to buy debt from holdout creditors, bolstering investor optimism that Latin America's No.3 economy would soon cure its default.

T-Mobile CEO expects to unseat Sprint as No. 3 carrier

WASHINGTON (Reuters) - T-Mobile US will overtake Sprint Corp as the No. 3 wireless U.S. carrier in subscribers by the end of the year, Chief Executive John Legere tweeted on Thursday.

Unions force VW to axe McKinsey in clash over cost cuts-sources

FRANKFURT (Reuters) - Volkswagen's 5 billion euro ($6.68 billion) cost-savings plan hit a major setback after labor leaders forced management to axe McKinsey, the consultants working out the cuts, three sources with knowledge of the matter told Reuters on Thursday.

News Corp revenue falls as advertising sales stay weak

(Reuters) - News Corp , publisher of the Wall Street Journal, reported a 3 percent decline in quarterly revenue as advertising sales remained weak and subscription income fell.

GM to debut next version of slow-selling Volt hybrid in January

DETROIT (Reuters) - General Motors Co said Thursday it will show the next-generation of its slow-selling Chevrolet Volt hybrid electric car in January.

ECB says Ukraine crisis threatens EU recovery, keeps rates low

FRANKFURT (Reuters) - The Ukraine crisis has heightened risks to the euro zone's weak and uneven economic recovery, and a tit-for-tat sanctions war could compound the problem, the European Central Bank said on Thursday as it held borrowing rates at record low levels.

Goldman Sachs says alternative trading system being investigated

(Reuters) - Goldman Sachs Group Inc said it was being investigated for its U.S. alternative trading system and for the potential misuse and circulation of non-public information related to its corporate developments.

U.S. taxpayers to get another big check from Fannie Mae, Freddie Mac

WASHINGTON (Reuters) - Government-controlled mortgage finance firms Fannie Mae and Freddie Mac made enough money in the second quarter to give taxpayers $5.6 billion in dividends, a sign they can turn substantial profits even in a lackluster housing market.