RefBan

Referral Banners

Yashi

Tuesday, November 27, 2012

Business Today: Wall Street falls, hit by Reid's "fiscal cliff" comments

Click to View in Browser
11/27/2012
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
Wall Street falls, hit by Reid's "fiscal cliff" comments
NEW YORK (Reuters) - Stocks slid on Tuesday in a choppy session, losing ground in the last hour before the close after Senate Majority Leader Harry Reid expressed disappointment that there has been "little progress" in dealing with the "fiscal cliff."
"Fiscal cliff" deal elusive, though positions soften
(Reuters) - The Congress advanced by inches on Tuesday toward compromise on taxes and spending, but a firm deal to avert the "fiscal cliff" at the end of the year still seemed miles away, despite growing pressure from business interests for action.
Merchants appeal $7.2 billion card-fee settlement
NEW YORK (Reuters) - A group of retailers on Tuesday appealed a court order preliminarily approving a $7.2 billion settlement between Visa Inc, Mastercard Inc and merchants over credit card fees, saying it violated their rights by preventing them from opting out of the pact.
HP rebuffs ex-Autonomy CEO, warns of legal action
SAN FRANCISCO (Reuters) - Hewlett Packard Co rebuffed a request by former Autonomy Chief Executive Mike Lynch to detail accusations of accounting fraud leveled against the British software company and its former executives, and challenged Lynch to submit to questions under penalty of perjury.
Canada says still examining options on CNOOC bid
OTTAWA (Reuters) - The Canadian government is still mulling its options as deadlines near on two proposed foreign takeovers of domestic energy companies, but an official offered no clues on when or how Ottawa would announce the hotly debated decisions.
Exclusive: Banks offer to help Sony offload battery unit - sources
TOKYO (Reuters) - Sony Corp has been approached by at least three investment banks offering to sell its battery business as the struggling Japanese group looks to offload non-core assets and focus on reviving its consumer electronics business, banking sources said.
U.S. withholds China currency manipulator label
WASHINGTON (Reuters) - The U.S. Treasury on Tuesday said China's currency remained undervalued but stopped short of labeling the world's second-biggest economy a currency manipulator.
ConAgra finally wins Ralcorp in $5 billion store-brand food bet
(Reuters) - ConAgra Foods Inc sealed a deal to buy Ralcorp Holdings Inc for $5 billion, more than a year and a half after first bidding on it, turning the maker of Chef Boyardee pasta into the top U.S. producer of store-branded foods.
Business spending plans improve despite fiscal cloud
WASHINGTON (Reuters) - A gauge of planned U.S. business spending increased in October by the most in five months, raising cautious optimism that the sharp cutbacks in capital investment during the summer are abating.
Greece, markets satisfied by EU-IMF Greek debt deal
BRUSSELS (Reuters) - The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece's debt, paving the way for the release of urgently needed aid loans.
Related Video
Summit: Fed feeding a credit market hangover - CIO
Trading at Noon: No food fight at ConAgra and Ralcorp
Economic News
"Fiscal cliff" deal elusive, though positions soften
Business spending plans improve despite fiscal cloud
SUBSCRIBE TO OTHER REUTERS NEWSLETTERS
Counterparties
A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today  
 Money
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today  
» MORE NEWSLETTERS
- 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters
Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details
Subscribe to other Reuters newsletters.
Unsubscribe from this newsletter.
Follow us on Twitter facebook Friend us on Facebook Forward this newsletter to a friend Forward to a friend

No comments:

Yashi

Chitika