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Friday, October 17, 2014

Daily Investor Briefing: U.S. consumer sentiment rises despite...

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10/17/2014
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
U.S. consumer sentiment rises despite Ebola fears
WASHINGTON (Reuters) - While the appearance of the deadly Ebola virus in Texas is worrying the nation, it has yet to lead Americans to take a more cautious view over how to spend their money, data suggested on Friday.
Wall Street bounces back, still off for the week
NEW YORK (Reuters) - U.S. stocks climbed more than 1 percent on Friday, with the S&P 500 posting its biggest gain in over a week as earnings offset concerns about the impact of weak global demand on corporate America.
Morgan Stanley, armed with cash from fixed income dump, goes shopping
NEW YORK (Reuters) - Morgan Stanley , which has spent three years throwing out bad apples from its fixed income trading portfolio, now wants to put the freed up money into businesses that bear healthier fruit.
GE profit tops views as cost cuts drive margins; shares up
(Reuters) - General Electric Co reported a slightly higher-than-expected quarterly profit on Friday, with cost cuts that helped boost margins across its industrial businesses offsetting revenue that missed analysts' targets.
Fourth U.S. traffic death linked to Takata air bags
DETROIT/ORLANDO (Reuters) - A fourth traffic death in a Honda Motor Co car has been linked to a defective air bag made by Japanese supplier Takata Corp, according to a county medical examiner in Florida.
VW recalls 1.1 million cars in North America, China over suspension issue
(Reuters) - German automaker Volkswagen AG said it is recalling more than 1.1 million cars in North America and China to correct a potential problem with rear suspension parts.
Obama signs order to tighten security for federal credit cards
WASHINGTON (Reuters) - U.S. President Barack Obama signed an executive order on Friday to beef up security measures for federal credit cards, and urged banks and retailers to follow suit in an effort to combat the growing threat of identity fraud.
GM's top lawyer, hammered during recall hearing in Congress, to retire
DETROIT (Reuters) - General Motors Co's top lawyer will retire early next year, months after his department was heavily criticized for how it handled the automaker's defective ignition switch that has been linked to at least 27 deaths.
Morgan Stanley profit jumps as trading activity rebounds
(Reuters) - Morgan Stanley reported an 87 percent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market.
Goldman curbs bankers' compensation even as revenue surges
NEW YORK (Reuters) - Top Goldman Sachs Group Inc executives are determined to keep compensation costs under control. And that means even when the bank's revenue spikes higher, bankers' bonuses won't.
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