The Other Side of Life 24/7: 04/11/14

Friday, April 11, 2014

Daily Investor Briefing: Wall Street ends down, with Nasdaq...

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04/11/2014

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 Street ends down, with Nasdaq below 4,000

NEW YORK (Reuters) - U.S. stocks fell in a volatile session on Friday, with the Nasdaq slipping below the 4,000 mark for the first time since early February.

Producer inflation accelerates in March

WASHINGTON (Reuters) - U.S. producer prices recorded their largest increase in nine months in March, but that jump will probably not ignite inflation pressures as economic growth remains moderate.

U.S. House panel chairman cites 'failures' related to GM recalls

WASHINGTON (Reuters) - A U.S. congressional committee on Friday said there were "failures within the system" over the handling of flawed ignition switches in General Motors Co vehicles, which have been linked to 13 deaths.

JPMorgan profit weaker than expected as trading revenue falls

(Reuters) - JPMorgan Chase & Co posted far weaker-than-expected quarterly profit as uncertainty about the U.S. economy weighed on investor trading volumes and consumer borrowing.

U.S. government says hackers trying to exploit 'Heartbleed' bug

BOSTON (Reuters) - The U.S. government warned banks and other businesses on Friday to be on alert for hackers seeking to steal data exposed by the "Heartbleed" bug, as a German programmer took responsibility for the widespread security crisis.

Individuals targeted as San Francisco tech money protests intensify

SAN FRANCISCO (Reuters) - Demonstrations against the grip on San Francisco held by wealthy technology workers took a personal turn on Friday with protesters taking aim at a Google lawyer they say personifies the tensions being stirred by abundant tech money.

Petrobras HQ raided by Brazil police in money-laundering probe

RIO DE JANEIRO (Reuters) - Brazil's Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro on Friday as part of a money-laundering probe, two sources with direct knowledge of the operation told Reuters.

Nestle says chairman has curable illness, will stay on in role

ZURICH (Reuters) - The chairman of Nestle , the world's largest food group, will undergo treatment for a curable illness but this will not affect his ability to carry out his job, the company said.

Wells Fargo profit beats estimates, helped by one-time gains

(Reuters) - Wells Fargo & Co, the biggest U.S. mortgage lender, reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of cost cuts and one-time gains helped the bank offset the lowest volume of home loans it made in five-and-a-half years.

Alibaba to buy AutoNavi

(Reuters) - Chinese digital mapping and navigation firm AutoNavi Holdings Ltd agreed to be acquired by e-commerce firm Alibaba Group Holding Ltd in a deal valuing the company at about $1.5 billion.