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Friday, November 30, 2012

Business Today: S&P 500 posts second week of gains

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11/30/2012
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
S&P 500 posts second week of gains
NEW YORK (Reuters) - The S&P 500 wrapped up its second positive week in a row on Friday, although it ended the day flat as politicians remain at odds about how to avoid the so-called fiscal cliff.
Obama cranks up holiday pressure on Republicans in "fiscal cliff" talks
HATFIELD, Penn. (Reuters) - President Barack Obama hit the road on Friday to turn up pressure on Republicans in the "fiscal cliff" talks, urging Americans to support his drive to raise taxes on the wealthy while extending tax cuts for the middle class.
AMR wants keep control over bankruptcy through March 11
NEW YORK (Reuters) - American Airlines' bankrupt parent has asked a judge to extend by six weeks, through March 11, the period in which it has the exclusive right to propose a plan to exit bankruptcy.
France clinches ArcelorMittal investment, saves jobs
PARIS (Reuters) - The French government struck a deal with ArcelorMittal on Friday which will see the steelmaker invest 180 million euros ($234 million) in its Florange steelworks, allowing some 600 jobs at two shuttered blast furnaces to be saved.
FedEx to hike ground shipping rates 4.9 percent in 2013
(Reuters) - FedEx Corp , the No. 2 U.S. package-delivery company, said on Friday it will raise its average rates for ground shipments and home deliveries by 4.9 percent beginning in January.
Kingsford's Scially, noted short seller, to retire
SAN FRANCISCO (Reuters) - Noted short seller David Scially of Kingsford Capital Management LLC is retiring at the end of this year, after more than a decade running the investment firm with partner Mike Wilkins, according to two people familiar with the situation.
Pentagon, Lockheed agree deal for 32 more F-35 fighters
WASHINGTON (Reuters) - Lockheed Martin Corp and the U.S. Defense Department have reached an agreement in principle on a fifth batch of 32 additional F-35 fighter planes, the Pentagon said on Friday, bringing nearly a year of negotiations to a close.
Consumer spending, income stall; Sandy a factor
WASHINGTON (Reuters) - Consumer spending fell in October for the first time in five months and income growth stalled, leading some economists to cut already weak estimates of fourth-quarter economic growth.
Exclusive: Blackstone in lead for Allscripts, deal uncertain
NEW YORK (Reuters) - Blackstone Group LP has emerged as the frontrunner in an auction for Allscripts Healthcare Solutions Inc , but the companies remain far apart on price and a deal is highly uncertain, people familiar with the matter said.
German lawmakers approve Greek bailout despite qualms
BERLIN (Reuters) - German lawmakers approved the latest bailout for Greece on Friday by a large majority despite growing unease about the cost to taxpayers less than a year before federal elections.
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