The Other Side of Life 24/7: Daily Investor Briefing: Wall St. ends lower after shooting at...

Wednesday, October 22, 2014

Daily Investor Briefing: Wall St. ends lower after shooting at...

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10/22/2014

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. ends lower after shooting at Canada parliament

NEW YORK (Reuters) - U.S. stocks fell in afternoon trading on Wednesday, with major indexes erasing earlier gains as a shooting at the Canadian parliament unnerved investors and Boeing and Biogen sold off following results.

AT&T revenue rises less than expected

WASHINGTON (Reuters) - AT&T Inc said on Wednesday its quarterly revenue rose but by less than wall street anticipated as a wave of subscribers signed up for equipment financing plans that charge lower service fees.

U.S. prosecutors probing Takata Corp over misleading statements: WSJ

NEW YORK (Reuters) - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective airbags it sold to automakers including Toyota Motor Corp and Honda Motor Co Ltd, The Wall Street Journal reported on Wednesday.

U.S. inflation muted in September as energy costs drop

WASHINGTON (Reuters) - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while.

Boeing profit jumps 18 percent, but cash is scarce

(Reuters) - Boeing Co reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business.

U.S. regulators expand number of vehicles affected by Takata recalls

DETROIT (Reuters) - U.S. safety regulators on Wednesday expanded the number of vehicles in the United States that may be affected by recalls for potentially defective Takata Corp air bags that could spray shrapnel at occupants.

JPMorgan was alerted of hiring concerns in China before U.S. probe: WSJ

(Reuters) - JPMorgan Chase & Co executives in New York were aware of potential problems tied to its recruitment practices in China well before U.S. regulators launched a probe into the issue, the Wall Street Journal reported, citing sources and documents it reviewed.

Total names refining boss to replace de Margerie

PARIS (Reuters) - French oil company Total has appointed refining boss Patrick Pouyanne as chief executive to succeed Christophe de Margerie who was killed in a plane crash in Moscow this week.

Divided U.S. SEC adopts mortgage rule, decries lax lending

WASHINGTON (Reuters) - U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors.

Dow Chemical to cut $1 billion in costs over three years

(Reuters) - Dow Chemical Co , the No. 1 U.S. chemical maker by sales, said it was looking to cut fixed costs by $1 billion over the next three years, building on reductions that have helped boost margins.