Business Today: Senate inches toward Fannie, Freddie reform but deal elusive

	Click to View in Browser 11/15/2013 Senate inches toward Fannie, Freddie reform but deal elusive WASHINGTON (Reuters) - The leaders of the Senate Banking Committee appear unlikely to meet their goal of producing a bill by year-end that would wind down major mortgage finance companies Fannie Mae and Freddie Mac, given the shrinking timeline and the tricky politics. Dow, S&P 500 end at records, post gains for week NEW YORK (Reuters) - The Dow and the S&P 500 ended at record highs on Friday, closing out a sixth straight week of gains as investors continued to take cues from Federal Reserve Chair nominee Janet Yellen, who said it was too early to end the central bank's stimulus. U.S. factory expansion broadens even as autos weigh WASHINGTON (Reuters) - U.S. manufacturing output rose for a third straight month in October even as automobile production fell, suggesting a broadening in activity in a sector regaining momentum after a slump early this year. Reluctant Germany casts cloud over Europe's bank revamp BRUSSELS (Reuters) - European countries pledged on Friday to stand by banks found to be struggling after health checks next year as Germany pushed for investors to bear the brunt of repairing lenders to spare the use of euro zone funds. U.S. justices to hear Halliburton securities class action WASHINGTON (Reuters) - The U.S. Supreme Court, which in recent years has ruled for business in a string of high profile cases, agreed on Friday to hear a case that could herald a dramatic decline in securities class action litigation. GE plans credit card unit spinoff to shrink finance arm NORWALK, Connecticut (Reuters) - General Electric Co will spin off its credit card business next year into a separately traded company as it tries to reduce its exposure to unpredictable financial businesses and return to its manufacturing roots. Fed says Ally's new capital plan may proceed WASHINGTON/NEW YORK (Reuters) - Auto lender Ally Financial Inc moved a step closer to paying back the U.S. government on Friday after the Federal Reserve approved the company's 2013 capital plan. White House expresses confidence in Yellen Fed nomination WASHINGTON (Reuters) - The White House on Friday expressed confidence in President Barack Obama's choice to lead the Federal Reserve, Janet Yellen, and called on the Senate not to hold up her confirmation. Hyundai to launch new Sonata, Genesis models in U.S. in 2014 SUPERIOR TOWNSHIP, Michigan (Reuters) - Hyundai Motor Co will launch new versions of its Sonata and Genesis sedans and a hydrogen-fueled Tucson crossover in the United States in the first half of 2014, the automaker's top U.S. executive said on Friday. U.S. Justice Dept still looking into metals warehousing WASHINGTON (Reuters) - The U.S. Justice Department is still "looking at" allegations that metals warehousing companies have inflated prices, a top official said on Friday, amid continued intense regulatory, political and legal scrutiny of the metals market. Related Video Spanish strikes mar Ecofin progress End of the road for VW Kombi Economic News U.S. factory expansion broadens even as autos weigh Senate inches toward Fannie, Freddie reform but deal elusive A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend