The Other Side of Life 24/7: Daily Investor Briefing: Wall St. ends flat, S&P edges up to...

Monday, December 29, 2014

Daily Investor Briefing: Wall St. ends flat, S&P edges up to...

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12/29/2014

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 flat, S&P edges up to record high

(Reuters) - U.S. stocks ended little changed in thin trading on Monday and the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum.

Oil prices fall more than $1, dropping to five-year lows

NEW YORK (Reuters) - Crude oil prices on tumbled on Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.

Small U.S. firms may struggle with new UPS, FedEx dimensional prices

CHICAGO (Reuters) - United Parcel Service Inc and FedEx Corp are rolling out new pricing systems to curb online retailers' large package sizes, but industry experts warn many small firms are unprepared and could pay up to 50 percent more for shipping.

Credit Suisse to fight New York mortgage securities case

ZURICH (Reuters) - Credit Suisse Group AG has signaled that it intends to fight a U.S. lawsuit that accuses the Swiss bank of deceiving investors in mortgage-backed securities it had issued.

Former Chrysler unit recalls 66,819 older pickups for clutch issue

DETROIT (Reuters) - FCA US, the former Chrysler Group, said on Monday it is recalling almost 67,000 older-model pickup trucks equipped with manual transmissions globally for possible clutch problems that have been linked to one death.

Subway investigates China media reports of doctored expiry dates

SHANGHAI (Reuters) - U.S. fast-food chain Subway is investigating media reports in China that workers at an outlet in Beijing doctored food labels and used produce beyond its expiry date, a Shanghai-based spokeswoman for the firm said on Monday.

Russian economy suffers first contraction since global crisis

MOSCOW (Reuters) - Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.

Burger chain Shake Shack files for IPO

(Reuters) - Burger chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors.

Icahn acquires stake in Manitowoc, seeks splitup

(Reuters) - Carl Icahn reported a 7.7 percent stake in Manitowoc Co Inc , and became the second activist investor this year to push for a splitup of the company's crane and foodservice equipment businesses.

AirAsia has little margin for error in crisis over missing jet

KUALA LUMPUR/SINGAPORE (Reuters) - As AirAsia Bhd grapples with its first airliner disaster since its founding a dozen years ago, Asia's biggest budget carrier will have little margin for error given tough competition and thin profits in the sector.