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Thursday, February 21, 2013

Business Today: Wall Street ends lower on growth worries

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02/21/2013

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 lower on growth worries

NEW YORK (Reuters) - U.S. stocks fell for a second straight day on Thursday and the S&P 500 posted its worst two-day loss since November after reports cast doubt over the health of the U.S. and euro-zone economies.

Jobs, factory, inflation data favor easy Fed policy

WASHINGTON (Reuters) - A raft of U.S. economic data on Thursday from claims for jobless aid to factory activity and consumer prices pointed to a still tepid recovery and supported the argument for the Federal Reserve to maintain its monetary stimulus.

U.S. Gulf Coast oil spillers about to face day in court

(Reuters) - Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are scheduled to face their judge in court.

Facebook blocks access to NBC.com after reports site is infected

BOSTON (Reuters) - Facebook Inc has blocked users from accessing the NBC.com website following reports that the site is infected with a computer virus.

HP revenue falls six percent, beats Wall Street view

SAN FRANCISCO (Reuters) - Hewlett-Packard Co's fiscal first-quarter revenue fell 6 percent to $28.4 billion, but it beat Wall Street expectations in a flat to shrinking personal computing market, sending its shares up over 5 percent.

Goldman private wealth client holds suspect Heinz account-filing

(Reuters) - A Goldman Sachs private wealth client is the holder of the Swiss account at the center of an investigation into insider trading in H.J. Heinz Co options, regulators said in a court filing late Wednesday.

AIG posts $4 billion loss on sale of aircraft unit ILFC

(Reuters) - Insurer American International Group Inc reported a fourth-quarter loss of $4 billion on Thursday on the sale of its aircraft leasing business, ILFC, though its underlying results beat Wall Street expectations.

United says removing Boeing 787 from flight plans

(Reuters) - United Continental Holdings said on Thursday it was taking Boeing Co's grounded 787 Dreamliner out of its flying plans through June 5, except for a Denver-to-Tokyo route scheduled for a tentative launch in May.

Finmeccanica, Indian officials discuss bribery claims

ROME/MILAN (Reuters) - Italian defense group Finmeccanica and Indian officials discussed corruption allegations connected with the purchase of 12 helicopters in a meeting on Thursday that both sides said was positive.

Chesapeake fourth-quarter profit tops Street, expenses fall

(Reuters) - Chesapeake Energy Corp reported fourth-quarter profit that topped Wall Street estimates on Thursday, helped by lower-than-expected expenses and more profitable oil production.