Career News 24/7: Daily Investor Briefing: Wall St. dips for third straight day...

Monday, January 6, 2014

Daily Investor Briefing: Wall St. dips for third straight day...

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01/6/2014

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. dips for third straight day after mixed data

NEW YORK (Reuters) - U.S. stocks slipped on Monday after a mixed batch of economic reports, which showed a slowdown in growth in the U.S. services sector and a rebound in new orders for factory goods.

U.S. business bankruptcies dropped 24 percent in 2013

WILMINGTON, Delaware (Reuters) - Business bankruptcy filings in the United States dropped 24 percent in 2013 to their lowest level since at least 2006, according to a report on Monday.

U.S. judge orders RBS unit in Japan to pay $50 million over Libor

(Reuters) - A Japanese investment banking unit of Royal Bank of Scotland Group Plc was ordered on Monday to pay a $50 million criminal fine after pleading guilty to wire fraud over its role in manipulating the benchmark interest rate Libor.

Samsung Electronics braces for weakest year of smartphone growth

SEOUL (Reuters) - Samsung Electronics Co Ltd is bracing for its weakest smartphone profit growth this year since 2007 as arch rival Apple Inc challenges its domination in China's $80 billion market.

Trial to focus on trades by SAC's Cohen

NEW YORK (Reuters) - A trial starting this week over what U.S. prosecutors call the most lucrative insider trading scheme ever will likely delve into the trading activity of Steven A. Cohen, founder of the SAC Capital Advisors hedge fund.

Analysis: Cash crunch signals policy dilemma for China's reformist central bank

BEIJING (Reuters) - China's central bank looks set to risk another cash crunch at the end of January, barely a month after the last market squeeze, as policymakers press ahead with a crackdown on shadow financing and other risky bank lending.

Services sector slows in December, factory orders rise

NEW YORK (Reuters) - Two measures of activity in the U.S. services sector showed slower growth in December, pointing to an economy that continues to expand at a modest pace, while factory orders rose in November.

T-Mobile to buy Verizon spectrum for $3.3 billion, eyes more purchases

(Reuters) - T-Mobile US Inc is buying wireless airwave licenses from Verizon Wireless to improve its high-speed network in a $3.3 billion deal and said it hopes to follow up with more spectrum purchases.

Airbus outsold Boeing in 2013: sources

PARIS (Reuters) - European plane-maker Airbus won its annual order race with U.S. rival Boeing in 2013, industry sources said.

Boeing delivers record 648 jets in 2013; likely top planemaker

(Reuters) - Boeing Co delivered a record 648 jetliners in 2013, beating its own target and likely securing its place as the world's biggest plane maker for the second year in a row.