The Other Side of Life 24/7: 06/27/14

Friday, June 27, 2014

Daily Investor Briefing: Tech leads Wall Street higher but...

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06/27/2014

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

Tech leads Wall Street higher but DuPont drags

NEW YORK (Reuters) - U.S. stocks ended higher on Friday, led by gains in technology shares, but DuPont's downbeat second-quarter and full year forecasts kept a lid on gains.

Dollar General CEO to retire, Icahn's proposed merger in doubt

(Reuters) - Dollar General Corp said CEO Rick Dreiling will retire next year, throwing into doubt a proposal by Carl Icahn to merge the discount retailer with Family Dollar Stores Inc .

Exclusive: U.S. crude that goes through distillation can be exported - sources

(Reuters) - All U.S. crude that is processed by a distillation tower, not only light oil known as condensate, is exempt from the 40-year crude export ban, U.S. government and industry sources said on Friday.

GM recalls 194,107 Buicks in China due to headlight issue

SHANGHAI (Reuters) - A joint venture of General Motors Co in China will recall 194,107 locally made Buick vehicles due to Chinese consumer complaints about the cars' headlights, the country's quality watchdog said on Friday.

Monte Paschi raises 4.99 billion euros in rights issue

MILAN (Reuters) - Italy's Banca Monte dei Paschi di Siena said on Friday it had raised 4.99 billion euros ($6.81 billion) through a sale of new shares, allowing it to repay much of its state aid and increasing chances it could pass an EU review of bank assets.

Daimler and Nissan to invest $1.36 billion to build premium small cars

FRANKFURT/PARIS (Reuters) - Daimler AG and Nissan Motor Co are jointly investing $1.36 billion to develop premium small cars and build a factory in Mexico, the companies said on Friday, in a step that deepens cooperation between the Mercedes-Benz and Infiniti brands.

U.S. consumer sentiment rises in final June reading

NEW YORK (Reuters) - U.S. consumer sentiment rose in June as consumers remained optimistic the sluggish first quarter was due to difficult winter conditions, a survey released on Friday showed.

Barclays enlists outside help in dark pools probe

LONDON (Reuters) - Barclays Plc said it is bringing in outside help to speed up an investigation into alleged misconduct in its "dark pool" operations, which have rekindled concerns that the cost of past problems at its investment bank will rise.

Luxembourg launches probe into Espirito Santo holding companies

BRUSSELS/LISBON (Reuters) - Luxembourg's justice authorities have begun an investigation into three holding companies of Portugal's Espirito Santo banking family, the biggest shareholder in Portugal's largest listed bank which bears their name.

Red Bull settles with U.S. on Cuba sanctions violations: Treasury

WASHINGTON (Reuters) - The U.S. Treasury Department said on Friday that energy drinks firm Red Bull North America settled a potential civil liability suit for alleged violations of U.S. sanctions against Cuba.