The Other Side of Life 24/7: 12/15/14

Monday, December 15, 2014

Daily Investor Briefing: U.S. factory production accelerates...

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12/15/2014

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. factory production accelerates in sign of economy's strength

WASHINGTON (Reuters) - U.S. manufacturing output recorded its largest increase in nine months in November as production expanded across the board, pointing to underlying strength in the economy.

Wall Street ends lower in volatile day; oil falls further

NEW YORK (Reuters) - U.S. stocks ended lower in a volatile session on Monday as oil prices extended their selloff, adding to worries about weak global demand.

Lehman trustee petitions Supreme Court over Barclays dispute

(Reuters) - The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc .

Fed faces big decision over a few choice words

NEW YORK (Reuters) - Federal Reserve officials will decide this week whether to make a critical change to their policy statement that would widen the door for interest rate hikes next year and effectively bet the United States will continue to shine in a gloomy global economy.

Coca-Cola shareholder says CEO Kent should be replaced

(Reuters) - Wintergreen Advisers, a minority shareholder in Coca-Cola Co , said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced".

Goldman files for a new batch of exchange-traded funds

(Reuters) - Goldman Sachs Group Inc has filed for a slew of new exchange-traded funds, most of them alternative, another step by the Wall Street bank in its pursuit of the fast-growing, nearly $2 trillion U.S. ETF market.

General Motors faulty-switch compensation claims rise

(Reuters) - General Motors Co has received 64 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,326, according to the official administering the compensation program.

Oil hits five-year low before rallying above $62

LONDON (Reuters) - Brent crude oil hit a fresh five-year low close to $60 a barrel on Monday after producer group OPEC restated its determination not to cut output despite a global fuel glut, but the North Sea benchmark later rallied to above $62.Market momentum appeared to be downwards, with analysts saying oil could plumb new depths before a sustained recovery.

Apache to sell stakes in LNG projects to Woodside for $2.75 billion

(Reuters) - Apache Corp said on Monday it would sell its stakes in two liquefied natural gas projects, Wheatstone LNG in Australia and Kitimat LNG in Canada, to Australia's Woodside Petroleum Ltd for $2.75 billion.

BC Partners to acquire PetSmart for $8.7 billion

(Reuters) - Pet supply retailer PetSmart Inc succumbed to calls from some shareholders for a sale on Sunday with an agreement to be bought by a private equity consortium led by BC Partners Ltd for $8.7 billion, in the largest leveraged buyout of the year.