Career News 24/7: Business Today: Dow, S&P 500 end at five-year highs on early earnings beats

Friday, January 18, 2013

Business Today: Dow, S&P 500 end at five-year highs on early earnings beats

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01/18/2013

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

Dow, S&P 500 end at five-year highs on early earnings beats

NEW YORK (Reuters) - The Dow and S&P 500 closed at five-year highs on Friday as the market registered a third straight week of gains on a solid start to the quarterly earnings season.

Consumer sentiment at year low; fiscal debate weighs

NEW YORK (Reuters) - Consumer sentiment unexpectedly deteriorated for a second straight month to its lowest in over a year in January, with many consumers citing fallout from the recent "fiscal cliff" debate in Washington, a survey released on Friday showed.

Boeing 787 probe focuses on battery, more checks due

TAKAMATSU, Japan (Reuters) - U.S. and Japanese aviation safety officials wrapped up their initial investigation of a badly damaged battery from a Boeing Co 787 Dreamliner jet on Friday, saying further checks would be held in Tokyo and could take a week to complete.

Strong banks, energy companies stand out in early earnings

(Reuters) - If the latest week of earnings season has told investors anything, it is that strong banks and energy companies are getting stronger, while weaker banks and technology companies are far from conquering the challenges they have faced in the last few years.

As GE profits rise, investors wonder about cash plans

(Reuters) - What's Jeff Immelt going to do with the money?

Fed missed warning signs in 2007 as crisis gathered steam

WASHINGTON (Reuters) - Top policymakers at the Federal Reserve felt for most of 2007 that problems in housing and banking were isolated and unlikely to tear down the economy as they ultimately did.

Goldman officials get over $100 million in stock-filings

(Reuters) - Goldman Sachs Group Inc awarded 22 senior executives and board members more than 736,000 restricted shares worth nearly $104 million as part of their 2012 bonuses, according to securities filings on Friday.

Morgan Stanley upbeat about future profits, performance

(Reuters) - Morgan Stanley Chief Executive James Gorman said the bank has turned itself around and can meet its goals for profitability, his boldest pronouncement yet about the near-term potential for a company that has long lagged its peers.

Bank of America's Moynihan, known for fixing and cutting, must now build

(Reuters) - Brian Moynihan is known inside Bank of America Corp as a problem-fixer and a cost-cutter, and in his three years as the bank's chief executive, he has had that reputation tested like never before.

State insurance regulators end review of UnitedHealthcare

(Reuters) - Insurance regulators said they have stopped monitoring the claims payment practices of UnitedHealthcare , the nation's largest health carrier, after concluding that the company had met all compliance benchmarks set out under a 2007 settlement agreement.