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Thursday, December 19, 2013

Business Today: Dow inches up to record close on quiet trading day

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12/19/2013
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
Dow inches up to record close on quiet trading day
NEW YORK (Reuters) - U.S. stocks finished mostly flat on Thursday as investors paused after a rally in the previous session, though the Dow closed at its second record high in a row.
Target holiday cyber breach hits 40 million payment cards
BOSTON (Reuters) - Target Corp said hackers have stolen data from up to 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season in the second-largest such breach reported by a U.S. retailer.
Nike profit rises, futures orders up 13 percent
(Reuters) - Nike Inc on Thursday posted a rise in quarterly profit as higher margin products made up a bigger proportion of its sales, and the maker of sports clothes and shoes said global orders for merchandise for delivery by April was up 13 percent.
Housing, jobs data weaken, but overall economic picture still upbeat
WASHINGTON (Reuters) - U.S. home resales hit a near one-year low in November and new filings for unemployment benefits unexpectedly rose last week, putting a wrinkle in an otherwise brightening economic picture.
Ex-Microsoft employee, day-trader charged with insider trading
SEATTLE (Reuters) - The U.S. Department of Justice and the Securities and Exchange Commission charged two Seattle men on Thursday with 35 counts of illegally trading on private Microsoft Corp information, which prosecutors said netted the pair more than $390,000 in illicit profits over an 18-month period.
U.S. jobs to increase 10.8 percent by 2022, labor growth to slow
WASHINGTON (Reuters) - The number of United States jobs is forecast to increase by 10.8 percent in the next decade, with fastest growth in the healthcare sector as it serves an aging population.
Analysis: Rise of shareholder activism gives bond investors headaches
NEW YORK (Reuters) - When shareholder activist Carl Icahn turned up the heat on Apple in October, demanding a massive $150 billion share buyback, bond investor Bill Gross wasn't having any of it.
Wells Fargo sweetens brokers' deferred pay, retirement incentives
NEW YORK (Reuters) - Wells Fargo Advisors outlined its 2014 compensation plan for retail brokers on Thursday, dramatically increasing the deferred compensation brokers can receive for meeting revenue goals, making more brokers eligible for expense accounts and tinkering with their monthly revenue targets.
Mortgage case against Deutsche Bank filed too late: NY court
NEW YORK (Reuters) - A unit of Deutsche Bank AG won dismissal Thursday of a $330 million mortgage securities lawsuit, in a victory for banks who claim the statute of limitations has expired on many such cases.
Bell Helicopter sees new aircraft matching Asia pivot
FORT WORTH, Texas (Reuters) - The tilt-rotor aircraft that Textron Inc's Bell Helicopter is designing for a U.S. Army competition would help troops travel longer distances as the military shifts focus to the Asia-Pacific region, a company official said.
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