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Tuesday, December 17, 2013

Before the Bell: Wall Street set for modest gain at open; Fed to meet

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12/17/2013
 
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 set for modest gain at open; Fed to meet
NEW YORK (Reuters) - Stocks were set to open slightly higher on Tuesday as the Federal Reserve prepared to begin its last policy-setting meeting of the year.
Consumer prices flat in November as gasoline falls
WASHINGTON (Reuters) - Consumer prices were flat in November, but a bounce back in the annual inflation rate from a four-year low will probably give the Federal Reserve cover to start dialing back it massive monetary stimulus.
AT&T to sell Connecticut wireline operations for $2 billion
(Reuters) - AT&T Inc said it would sell its wireline operations in Connecticut to Frontier Communications for $2 billion in cash, partly to fund the expansion of its 4G network.
JP Morgan, Deutsche ban multi-dealer chat rooms: sources
LONDON (Reuters) - JP Morgan Chase and Deutsche Bank are banning the use of multi-dealer online chat rooms, sources familiar with the plans told Reuters, as banks crack down on inappropriate communications by staff following a string of scandals.
Investors avoid EM, commodities, yen on bullish dollar view: BofA poll
LONDON (Reuters) - The number of investors who think the dollar is cheap has hit its highest level since August 2008, encouraging asset managers to avoid emerging market assets, commodities and the yen, a survey showed on Tuesday.
New Basel study confirms variations in how banks tot up risks
LONDON (Reuters) - Global banking regulators have reinforced their campaign to impose more consistent ways for banks to assess risks on their trading books with a second finding of wide variations between systems in use in the sector.
GSK to stop paying doctors in overhaul of sales practices
LONDON (Reuters) - GlaxoSmithKline will stop paying doctors for promoting its drugs and scrap prescription targets for its marketing staff - a first for an industry battling scandals over its sales practices, and a challenge for its peers to follow suit.
Current account deficit smallest in four years
WASHINGTON (Reuters) - The U.S. current account deficit was the smallest in four years in the third quarter as exports increased and more income was earned abroad, a government report showed on Tuesday.
Mercedes eyes record output as plants run at full steam
BERLIN (Reuters) - Daimler's Mercedes-Benz division will push output to a new record this year as German plants are running extra shifts to meet strong demand for new compact models as well as the overhauled S-Class flagship sedan.
Germany's financial fire-fighter steps back, but for how long?
BERLIN (Reuters) - Leaving the spotlight of the European Central Bank for a back-office position in a German ministry that pays a fraction of the salary might look at first glance like professional suicide for Joerg Asmussen.
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