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Tuesday, August 14, 2012

Business Today: Fatigued Wall Street ends flat on low volume

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08/14/2012
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
Fatigued Wall Street ends flat on low volume
NEW YORK (Reuters) - Stocks ended little changed on Tuesday in what investors described as a fatigued market after the S&P 500 rose in seven of the past eight sessions.
Standard Chartered reaches $340 million settlement over Iran
NEW YORK (Reuters) - Standard Chartered Plc has agreed to pay $340 million to settle allegations by New York's bank regulator that it hid transactions linked to Iran.
Goldman executives win dismissal of mortgage, TARP lawsuit
(Reuters) - Goldman Sachs Group Inc Chief Executive Lloyd Blankfein and other officials won the dismissal of a shareholder lawsuit accusing them of tolerating poor mortgage practices and quitting a federal bailout program early to boost executive pay.
Retail sales gain hints at stronger growth
WASHINGTON (Reuters) - Retail sales rose in July for the first time in four months as demand climbed for goods ranging from cars to electronics, a sign that consumers could drive faster economic growth in the third quarter.
Exclusive: U.S. senators question A123's Chinese deal
WASHINGTON (Reuters) - Two Republican senators on Tuesday questioned whether the battery-maker A123 Systems Inc should continue to receive U.S. government funds in light of a deal with a Chinese firm to invest hundreds of millions of dollars in the faltering company.
Analysis: New York can follow U.S. "roadmap" in Goldman cyber crime case
NEW YORK (Reuters) - The Manhattan district attorney has been handed a rare prosecutorial roadmap in his criminal case against a former Goldman Sachs computer programmer accused of stealing trading code from the bank.
Euro zone economy shrinks despite German growth
BRUSSELS/BERLIN (Reuters) - The euro zone's debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out.
Business inventories in June rise on auto restocking
Washington (Reuters) - Business inventories rose in June as car dealers restocked to meet demand, although sales at companies fell the most in over three years, the Commerce Department said on Tuesday.
Wells Fargo to pay more than $6.5 million to settle SEC charges
WASHINGTON (Reuters) - Wells Fargo & Co will pay more than $6.5 million to settle civil charges alleging it sold complex mortgage-backed instruments to municipalities and non-profits during the financial crisis without fully disclosing the risks.
Home Depot raises profit view, hopes for housing market
(Reuters) - Cost controls and market share gains helped Home Depot Inc beat Wall Street's profit estimates for the latest quarter, prompting the No. 1 home improvement chain to raise its earnings outlook for the fiscal year.
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