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Wednesday, February 13, 2013

Business Today: Wall Street pauses after rally to five-year high

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02/13/2013
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 pauses after rally to five-year high
NEW YORK (Reuters) - Stocks drifted in light volume on Wednesday, ending little changed, as investors remained cautious after the S&P 500 index briefly hit its highest intraday level since November 2007.
Cisco revenue and earnings beat Wall Street estimates
(Reuters) - Network equipment maker Cisco Systems Inc reported quarterly revenue and earnings on Wednesday that beat Wall Street's average estimates.
Comcast sees growth from NBCUniversal stronger than anticipated
(Reuters) - Stronger-than-expected growth in NBCUniversal's entertainment unit gave Comcast Corp the impetus to buy the rest of the company from General Electric Co two years earlier than expected.
Amazon shares climb on Kindle e-book optimism
SAN FRANCISCO (Reuters) - Amazon.com Inc shares climbed more than 4 percent on Tuesday after an analyst note fueled optimism about the company's Kindle e-book business.
Facebook executives get judge to toss four IPO-related lawsuits
NEW YORK (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg and other executives won the dismissal Wednesday of four shareholder lawsuits following the social networking company's $16 billion initial public offering last year.
Google files patent lawsuits against BT
SAN FRANCISCO (Reuters) - Google Inc and its Motorola Mobility unit filed patent lawsuits on Wednesday against BT Group plc in the United States and in the U.K., a Google spokeswoman said, more than a year after the British telecoms group launched its own lawsuit against Google.
United Airlines reaches tentative agreement with workers
(Reuters) - United Continental Holdings Inc , the parent company of United Airlines, said it reached tentative agreements on wage increases and other matters with a union that represents fleet service and passenger service workers and storekeepers.
Another investor sues Apple, taking a page from Einhorn playbook
NEW YORK (Reuters) - Apple Inc on Wednesday was hit by another shareholder lawsuit, a case that is similar to the court challenge that star hedge fund manager David Einhorn brought as part of his push to unlock the company's cash hoard.
GE's early NBC deal speeds Immelt's refocus of company
(Reuters) - General Electric Co expects to return about $18 billion to investors this year as it sells its remaining stake in NBC Universal, a move that executives said should allow it to achieve its long-held goal of buying back the shares it issued in the depths of the financial crisis.
American-US Air merger would boost revival of oneworld alliance
LONDON (Reuters) - US Airways' expected move to the oneworld alliance as part of its proposed merger with American Airlines would be part of a comeback by oneworld, which has lost members and fallen behind rivals Star Alliance and SkyTeam in recent years.
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