The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends lower as bond yields...

Tuesday, September 9, 2014

Daily Investor Briefing: Wall Street ends lower as bond yields...

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09/9/2014

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 ends lower as bond yields rise, Apple falls

NEW YORK (Reuters) - U.S. stocks fell on Tuesday as bond yields hit their highest in a month on expectations interest rates could rise sooner than some investors expect and as Apple shares declined.

Apple unveils the Watch, larger iPhones at star-studded event

By Christina Farr, Alexei Oreskovic and Deepa Seetharaman

Chesapeake Energy to face racketeering charges in Michigan trial

(Reuters) - Natural gas and oil producer Chesapeake Energy Corp must face trial on charges of felony racketeering and using false pretenses related to its land-leasing practices, a state judge has ruled.

With no bank in charge, Alibaba's bankers learn to work together

(Reuters) - Alibaba Group Holding Ltd's desire to keep tight control over its $21.1 billion share sale has left a vacuum at the helm of its banking syndicate, leading underwriters to take unusual steps to manage the offering, according to sources familiar with the situation.

Exclusive: PDVSA seeks bids for Citgo in potential $10 billion deal - sources

NEW YORK (Reuters) - Venezuela's state-run oil company PDVSA is seeking preliminary offers for its U.S. unit Citgo Petroleum by the end of September, a deal that could fetch up to $10 billion, according to people familiar with the matter.

S&P to decide in 30 days whether to downgrade Areva to junk

PARIS (Reuters) - Credit ratings agency Standard & Poor's has put French nuclear power engineering group Areva on "creditwatch negative" and will decide within 30 days whether to downgrade its credit ratings by one notch into non-investment grade territory.

U.S. Fed official's bank capital comments pressure stocks

WASHINGTON (Reuters) - A top Federal Reserve official on Tuesday warned the biggest U.S. banks they will soon face capital surcharges that exceed international standards, a move he said could encourage some firms to shrink.

Exclusive: S&P, Markit finalists for $1 billion-plus Barclays index unit - sources

NEW YORK (Reuters) - Index provider Standard & Poor's and financial information services provider Markit Ltd have emerged as final bidders for Barclays Plc's index business, which could fetch more than $1 billion, according to people familiar with the matter.

U.S. states probe Home Depot data breach

NEW YORK (Reuters) - At least five states have launched a joint probe into the data breach on the payment-card processing systems of Home Depot Inc , even as the retailer works to determine the impact on its customers in the United States and Canada.

McDonald's August same-store sales fall across regions

(Reuters) - McDonald's Corp on Tuesday reported declining sales at established restaurants across all regions in August, the fifth monthly drop since CEO Don Thompson took the helm in July 2012, and warned a China supplier scandal would cut into profits.