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Friday, September 13, 2013

Business Today: Wall Street ends higher, boosted by Intel

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09/13/2013
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 ends higher, boosted by Intel
NEW YORK (Reuters) - U.S. stocks rose on Friday and the S&P 500 registered its best weekly gain in two months, helped by gains in Intel , though investors remained cautious as the Federal Reserve is expected to scale back its stimulus next week.
U.S. retail sales, consumer confidence point to soft economy
WASHINGTON (Reuters) - U.S. consumer confidence ebbed early this month and retail sales advanced just slightly in August, the latest indications of a lack of momentum in the economy.
U.S. economic growth gauge highest since 2010, annual rate rises
NEW YORK (Reuters) - A measure of future U.S. economic growth hit its highest level in more than three years last week and the annualized growth rate rebounded from a previous 39-week low, a research group said on Friday.
In post-Lehman clean-up, top banker prosecutions stumble
LONDON (Reuters) - Will top bankers' behavior ever land them in jail? Or are bad business decisions even a crime at all?
Twitter takes first step toward going public
SAN FRANCISCO/NEW YORK (Reuters) - Twitter Inc has filed for an initial public offering with U.S. regulators, the company said on Thursday, taking the first step toward what would be Silicon Valley's most anticipated debut since Facebook Inc's last year.
General Electric names PNC chairman to board of directors
(Reuters) - General Electric Co named PNC Financial Services Group Chairman James Rohr to its board of directors on Friday.
U.S. puts conditions on Honeywell's Intermec purchase
WASHINGTON (Reuters) - U.S. authorities on Friday cleared Honeywell International's proposed purchase of mobile computing device maker Intermec on the condition that Honeywell license to a competitor certain key patents used in barcode scanners.
Some SAC Capital investment staff jumping to rival firm
BOSTON (Reuters) - Three investment professionals have quit Steve Cohen's SAC Capital Advisors, currently fighting criminal insider trading charges, to join a rival hedge fund, two people familiar with the moves said on Friday.
Miami hospital operator settles with SEC over disclosures
WASHINGTON (Reuters) - The operator of Miami-Dade County's largest hospital will settle civil charges accusing it of misleading investors about its financial condition before an $83 million bond offering, U.S. regulators said on Friday.
Vornado's chairman, Roth, resigns from J.C. Penney board
NEW YORK (Reuters) - Vornado Realty Trust Chairman and Chief Executive Steven Roth resigned on Friday from the board of department store chain J.C. Penney Co Inc , the company said in a regulatory filing.
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