The Other Side of Life 24/7: Daily Investor Briefing: U.S. housing starts fall, but trend...

Tuesday, December 16, 2014

Daily Investor Briefing: U.S. housing starts fall, but trend...

Click to View in Browser

12/16/2014

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. housing starts fall, but trend points to recovery

WASHINGTON (Reuters) - U.S. housing starts fell in November as groundbreaking for single-family homes declined after two hefty increases, in what appeared to be a brief pause in a gradual recovery trend.

Wall St. falls in volatile session, energy stocks up

NEW YORK (Reuters) - U.S. stocks fell for a third straight session in volatile trading on Tuesday, led by declines in consumer discretionary and technology shares, while a drop in the Russian rouble added to worries about the global economy.

American Apparel names new CEO, officially ousts founder

(Reuters) - American Apparel Inc has officially fired its founder and former Chief Executive Officer Dov Charney, months after it suspended him for misconduct, according to a news release Tuesday.

Russian rouble suffers steepest drop in 16 years

MOSCOW (Reuters) - The rouble plunged more than 11 percent against the dollar on Tuesday in its steepest intraday fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual rate hike.

Apple says online store in Russia is down due to rouble fluctuations

SAN FRANCISCO (Reuters) - Apple confirmed on Tuesday that it has taken down its online store in Russia due to extreme fluctuations in the value of the rouble.

U.S. oil off lows, trade choppy near options expiry

NEW YORK (Reuters) - U.S. crude oil futures bounced off 5-1/2-year lows on Tuesday, and hovered around $55 a barrel in volatile trading near that price, with U.S. options set to expire later in the day.

GE expects industrials units to drive 2015 profit

NEW YORK (Reuters) - General Electric Co said it expects profit from its industrial units to rise by at least 10 percent in 2015, helped by its power and water, aviation and energy management businesses.

Tom Williams named Airbus unit no.2 as Butschek leaves

PARIS (Reuters) - Airbus Group on Tuesday announced the resignation of the no.2 at its planemaking unit, Chief Operating Officer Gunter Butschek, after 2-1/2 years in the role.

Exclusive: Citgo valued at more than $10 billion in revised bids - sources

(Reuters) - Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter.

Egypt's unprofitable national airline hires U.S. firm for restructuring

CAIRO (Reuters) - Egypt's national carrier said on Tuesday it had hired Texas-based airline advisory firm Sabre Airline Solutions to prepare a restructuring plan for the state-owned company, which has suffered about a billion dollars in losses since 2010.