Daily Investor Briefing: Energy leads Wall St higher; Dow sets...

	Click to View in Browser 12/2/2014 Energy leads Wall St higher; Dow sets record NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with the Dow industrials closing at a record led by gains in the energy sector, and as Biogen rallied on news about an experimental treatment for Alzheimer's disease. U.S. November auto sales pace best since 2003 DETROIT (Reuters) - The top six automakers sold more cars and trucks in November than analysts expected, with a healthy economy, generous discounts and low fuel prices luring consumers into U.S. showrooms. Bezos defends Amazon's lack of profits, stance on publishers NEW YORK (Reuters) - Jeff Bezos, the chief executive of Amazon.com Inc , was unapologetic about his twenty-year-old company's lack of profit during a rare public appearance on Tuesday, noting he spends just six hours a year on investor relations. Pimco fund posts 19th month of outflows, but CIO touts stabilization NEW YORK (Reuters) - The Pimco Total Return Fund posted its 19th straight month of outflows in November, totaling $9.5 billion, but withdrawals are down dramatically since former Chief Investment Officer Bill Gross' exit. Exclusive: Citigroup to shutter LavaFlow stock trading venue NEW YORK (Reuters) - Citigroup Inc is shutting down its alternative stock trading venue LavaFlow, the bank said on Tuesday, at a time when regulatory scrutiny has increased around broker-run trading platforms, forcing banks to rethink the costs. Solid construction, auto sales data boost U.S. growth picture WASHINGTON (Reuters) - U.S. construction spending recorded its largest gain in five months in October, easing concerns of a sharp slowdown in fourth-quarter economic growth. Takata taps former U.S. transport chiefs in air bag safety crisis DETROIT (Reuters) - Takata Corp said on Tuesday it had recruited three former U.S. transportation secretaries to help the Japanese air bag supplier navigate a growing auto safety crisis. RadioShack says lender's covenant breach claims 'self serving' (Reuters) - RadioShack Corp said it received a notice from lender Salus Capital Partners accusing it of breaching covenants on a $250 million term facility, claims the troubled electronics retailer called "wrong and self serving." Oil falls below $72 after sharp rally in volatile market LONDON (Reuters) - Brent oil fell below $72 a barrel on Tuesday, giving up some of its gains in the previous day's rally from five-year lows, as traders voiced uncertainty over whether the market had reached a floor or would keep falling. BNY Mellon gives activist investor Trian Fund a board seat (Reuters) - Bank of New York Mellon said it elected Ed Garden, a founding partner of activist investor Trian Fund Management LP, to its board. Related Video Breakingviews: Hacking M&A What next after gas pipeline blocked? Related News Pimco Total Return fund posts 19th straight month of outflows in Nov BNY Mellon gives activist investor Trian Fund a board seat A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend