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Monday, December 9, 2013

Business Today: Wall St. ends up slightly; investors seek clues on Fed

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12/9/2013

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 St. ends up slightly; investors seek clues on Fed

NEW YORK (Reuters) - Stocks ended slightly higher on Monday as investors awaited more clues from the Federal Reserve on whether the central bank will soon begin to wind down its economic stimulus.

Fed's Fisher wants December taper, clear path to end of QE3

CHICAGO (Reuters) - The Federal Reserve should start to trim its massive bond-buying program next week, and spell out a clear path for phasing it out altogether, a top Fed official said on Monday.

Analysis: Bond funds end bad year with another headache: tax-loss selling

NEW YORK (Reuters) - As the calendar closes down on 2013, many U.S. money managers are finding themselves in an unfamiliar position: selling some of the bond funds that have long been mainstays of their clients' portfolios.

Fed could do 'small' QE3 taper to recognize job gains: Bullard

(Reuters) - Improvements in the U.S. job market make reductions to the Federal Reserve's massive bond-buying program more likely, a top Fed official said on Monday, suggesting the central bank could start small and reassess in the first half of 2014.

Twitter shares soar, near all-time high

SAN FRANCISCO (Reuters) - Twitter shares soared more than 9 percent on Monday to their highest level since the company's initial public offering after a spate of product announcements that could boost its revenue prospects.

Sysco to buy US Foods from private equity, shares leap

(Reuters) - Sysco Corp will buy US Foods Inc for about $3.5 billion from its private equity owners in a deal that will combine the top two U.S. food distributors and create a company commanding at least a quarter of the $235 billion North American market.

American Air to seek more corporate customers after merger

DALLAS (Reuters) - American Airlines Group , the world's biggest airline after AMR Corp's merger with US Airways Group, intends to take advantage of its broad global network to win more corporate customers, the company's president said.

Exclusive: Gulf firms consider bid for Occidental MidEast stake - sources

DUBAI (Reuters) - Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa (MENA) unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.

McDonald's November sales miss as U.S. weakness persists

(Reuters) - McDonald's Corp on Monday reported another sluggish month of sales at established restaurants, results that suggest the famed hamburger chain is losing U.S. market share to rivals.

EADS breaks layoff taboo in plan to cut 5,800 jobs

PARIS (Reuters) - Airbus parent EADS risked a collision with unions and European politicians by unveiling plans to cut 5,800 mainly defense and space jobs that for a first time include significant forced redundancies, driven by weak European budgets.