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Monday, February 11, 2013

Business Today: Wall Street ends flat as investors seek new catalysts

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02/11/2013
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
Wall Street ends flat as investors seek new catalysts
NEW YORK (Reuters) - Stocks ended a quiet session with slight moves on Monday as investors found few reasons to keep pushing shares higher following a six-week advance, though the longer-term trend was still viewed as positive.
Judge speeds up schedule in Apple versus Einhorn case
SAN FRANCISCO (Reuters) - A judge approved Apple Inc's request to speed up the schedule in a lawsuit filed by star hedge fund manager David Einhorn's Greenlight Capital, part of an effort to get the company to share its huge cash reserves with investors.
Nasdaq talked with Carlyle about going private: sources
NEW YORK (Reuters) - Private equity firm Carlyle Group recently approached Nasdaq OMX Group about taking the exchange operator private, but the talks fell apart over a disagreement on price, sources familiar with the deal said on Monday.
Fed taking "forceful action" on economy, Yellen says
WASHINGTON (Reuters) - The Federal Reserve's aggressive easing of monetary policy is warranted given the still-battered state of the labor market, Fed Vice Chairwoman Janet Yellen said on Monday.
Consumer watchdog warns mortgage servicers on transfers
WASHINGTON (Reuters) - The consumer financial watchdog on Monday warned mortgage servicers that they must extend legal protections to customers when transferring their loans to another company, and said it will pursue enforcement actions against those who do not comply.
RBS chairman says CEO's pay is "modest"
LONDON (Reuters) - Royal Bank of Scotland chairman Philip Hampton has defended the bonus due to be paid to chief executive Stephen Hester even though the British bank has been punished for rigging interest rates.
Economy, deficit top voter issues ahead of Obama speech: poll
WASHINGTON (Reuters) - Americans are eager to hear President Barack Obama address the U.S. economy and federal deficit in his State of the Union speech on Tuesday, with more than half still convinced the nation is in a recession, a poll released on Monday found.
Sanofi boosting stake in Regeneron
(Reuters) - French drugmaker Sanofi SA is buying more shares in U.S. biotech company Regeneron Pharmaceuticals Inc , its partner in the development of potential blockbuster treatments for cholesterol and rheumatoid arthritis.
Genstar, Aquiline bid for Genworth businesses: sources
NEW YORK (Reuters) - Private equity firms Genstar Capital and Aquiline Private Equity LLC have teamed up and are in exclusive negotiations to buy Genworth Financial Inc's wealth management business and its San Francisco-based alternative investment business, two sources familiar with the situation said.
BP backs Shell's Brent trading terms reform
LONDON (Reuters) - BP has backed a move by Shell to head off a liquidity crunch in the Brent crude market where falling output and oilfield outages can boost global prices, raising questions about its credibility as a worldwide benchmark.
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