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Thursday, March 20, 2014

Daily Investor Briefing: Wall Street ends higher after upbeat...

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03/20/2014

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 Street ends higher after upbeat data

NEW YORK (Reuters) - U.S. stocks rose on Thursday, after a batch of economic data pointed to an improving economy and investors reassessed comments from Fed Chair Janet Yellen that fueled speculation of an earlier-than-expected rate hike by the central bank.

U.S. jobs, factory data show improvement; housing lags

WASHINGTON (Reuters) - The number of Americans filing for jobless benefits hovered near three-month lows last week and factory activity in the Mid-Atlantic region rebounded this month, suggesting the economy is regaining strength after being hobbled by severe weather.

All big U.S. banks but one pass Fed's health test

WASHINGTON (Reuters) - U.S. big banks have enough capital buffers to withstand a drastic economic downturn, the Federal Reserve said on Thursday, announcing that 29 out of 30 major banks met the minimum hurdle in its annual health check.

With cars, drivers, Google revs up home delivery

SAN FRANCISCO (Reuters) - When Google started testing a free same-day shopping delivery service in San Francisco last year, industry observers were surprised by the company's foray into a notoriously tricky and decidedly low-margin real-world business.

Nike profit rises; future orders soar 14 percent

(Reuters) - Nike Inc on Thursday reported a higher quarterly profit from continuing operations as high margin products made up a bigger proportion of sales, and said global orders for merchandise for delivery by July rose 14 percent.

U.S. judge approves Toyota $1.2 billion settlement over concealing defects

NEW YORK (Reuters) - A U.S. judge signed off on Toyota Motor Corp's $1.2 billion settlement of criminal charges that it concealed safety problems in its vehicles, an accord that could serve as a model for a similar probe into General Motors Co .

Time Warner Cable CEO to get $80 million in golden parachute

(Reuters) - Time Warner Cable Chief Executive Rob Marcus stands to make about $80 million if Comcast's deal to buy Time Warner Cable closes, according to a regulatory filing on Thursday.

Europe strikes deal to complete banking union

BRUSSELS (Reuters) - Europe took the final step to complete a banking union on Thursday with an agency to shut failing euro zone banks, but there will be no joint government back-up to pay the costs of closures.

J&J gets $1.2 billion Arkansas Risperdal judgment tossed out

(Reuters) - Johnson & Johnson on Thursday won a reversal by the Arkansas Supreme Court of a $1.2 billion judgment imposed after a jury concluded that the drugmaker improperly marketed its anti-psychotic drug Risperdal and concealed its risks.

Airbnb in funding talks valuing it at about $10 billion: source

(Reuters) - Online home-rental marketplace Airbnb Inc is in advanced talks with private equity firms including TPG Capital Management LP to raise funds that would value the company at about $10 billion, a person briefed on the matter said Thursday.