The Other Side of Life 24/7: Daily Investor Briefing: Dow, S&P 500 hit records in volatile...

Thursday, November 6, 2014

Daily Investor Briefing: Dow, S&P 500 hit records in volatile...

Click to View in Browser

11/6/2014

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

Dow, S&P 500 hit records in volatile trading

NEW YORK (Reuters) - U.S. stocks edged up in a volatile session on Thursday, with the Dow and S&P 500 hitting fresh record closing highs on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy.

U.S. jobless claims, wages data point to tightening market

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions.

Disney quarterly revenue rises 7 percent

(Reuters) - Walt Disney Co reported a 7 percent rise in quarterly revenue, driven by hit movies "Guardians of the Galaxy" and "Maleficent".

Exclusive: Some senior Merrill brokers leave, BofA executives concerned - sources

NEW YORK (Reuters) - A number of high-profile brokers have left Bank of America Corp's Merrill Lynch wealth management unit in recent weeks, and top executives at the company have grown concerned enough to ask business head John Thiel to explain the departures, three sources familiar with the matter told Reuters.

Exclusive: Struggling in India, Toyota asks Daihatsu minicar unit to help - sources

OSAKA Japan/NEW DELHI (Reuters) - Toyota Motor Corp is struggling to crack the affordable end of India's car market and has called on mini-car affiliate Daihatsu for help - a tacit admission that the Japanese autos giant doesn't always get it right in emerging markets.

Apple blocks malware targeting products in China

(Reuters) - Apple Inc said it has identified and blocked malicious software applications targeting users in China.

U.S. shuts down Silk Road 2.0 website, charges alleged owner

NEW YORK (Reuters) - U.S. authorities said Thursday they have shut down the successor website to Silk Road, an underground online drug marketplace, and charged its alleged operator with conspiracy to commit drug trafficking, computer hacking, money laundering and other crimes.

Chesapeake subpoenaed by DOJ, states over royalty payments

HOUSTON (Reuters) - Chesapeake Energy Corp has received subpoenas from states and the U.S. Department of Justice seeking information on its royalty payment practices to mineral owners, according to a regulatory filing.

ECB ready to do more if needed, signs up to Draghi's target

FRANKFURT (Reuters) - European Central Bank members all stand ready to take more policy action if needed to revive a struggling euro economy and the bank's staff will prepare the groundwork, President Mario Draghi said on Thursday.

Going out on a limb, North Dakota oil titan scraps hedges

WILLISTON N.D. (Reuters) - Harold Hamm, chief executive of Continental Resources Inc , stunned a bearish crude market by scrapping all of the North Dakota energy producer's oil hedges, betting that prices will recover soon after sinking 25 percent in recent months.