The Other Side of Life 24/7: Daily Investor Briefing: Wall St. falls for fourth straight day...

Wednesday, January 14, 2015

Daily Investor Briefing: Wall St. falls for fourth straight day...

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01/14/2015

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. falls for fourth straight day

NEW YORK (Reuters) - U.S. stocks fell for a fourth straight day on Wednesday as a World Bank forecast and further drop in copper prices fueled concerns about global weakness, though a late-day rebound in energy shares left the market well off its lows.

Exclusive: Samsung approaches BlackBerry about buyout - source

NEW YORK (Reuters) - Samsung Electronics Co Ltd recently approached BlackBerry Ltd about buying the company for as much as $7.5 billion, looking to gain access to its patent portfolio, according to a person familiar with the matter and documents seen by Reuters.

Exclusive: JPMorgan presses its managers to cut costs - source

NEW YORK (Reuters) - Senior executives at JPMorgan Chase & Co are pressuring managers across the bank to cut costs, after the bank's disappointing revenue growth has prevented the profit gains the bank expected, a person familiar with the matter told Reuters.

U.S. retail sales drop biggest in 11 months, but seen as a blip

WASHINGTON (Reuters) - U.S. retail sales recorded their largest decline in 11 months in December as demand fell almost across the board, tempering expectations for a sharp acceleration in consumer spending in the fourth quarter.

Oil futures mark rare spike as options expire

NEW YORK (Reuters) - Oil futures marked their strongest gain in more than two years on Wednesday, snapping a four-day losing streak as traders turned briefly away from the bearish pressures of a worldwide glut to focus on technical trading ahead of options expiration.

JPMorgan hit by legal costs, Dimon says banks 'under assault'

(Reuters) - JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 6.6 percent drop in quarterly profit as legal costs exceeded $1 billion in the wake of government probes, leading Chief Executive Jamie Dimon to claim banks were "under assault."

Wells Fargo fourth quarter profit rises; watching energy exposure

(Reuters) - Wells Fargo & Co, the fourth largest U.S. bank by assets, reported a slight increase in quarterly profit on Wednesday as it earned more from credit cards and corporate loans.

SEC adopts rules establishing regime for swap data warehouses

(Reuters) - U.S. securities regulators took another step toward shedding more light on the over-the-counter derivatives market Wednesday, adopting a raft of measures to give them a direct window into the opaque market.

ISS reverses stance, backs Dollar Tree's bid for Family Dollar

(Reuters) - Institutional Shareholder Services advised Family Dollar Stores Inc shareholders to vote for the retailer's acquisition by Dollar Tree Inc , reversing its previous stance.

Google partners with auto suppliers on self-driving car

DETROIT (Reuters) - Internet search company Google Inc has begun discussions with most of the world's top automakers and has assembled a team of traditional and nontraditional suppliers to speed efforts to bring self-driving cars to market by 2020, a Google executive said on Wednesday.