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Friday, February 22, 2013

Business Today: HP lifts Wall St but S&P posts year's first down week

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02/22/2013
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
HP lifts Wall St but S&P posts year's first down week
NEW YORK (Reuters) - Stocks rose on Friday as Dow component Hewlett-Packard surged on strong results and Ben Bernanke's reported comments eased fears the Fed would curtail stimulus measures.
Einhorn wins ruling against Apple in stock fight
NEW YORK (Reuters) - A judge handed outspoken hedge fund manager David Einhorn a victory in his court battle with Apple Inc on Friday, blocking the iPhone maker from moving forward with a shareholder vote on a controversial proposal to limit the company's ability to issue preferred stock.
FAA won't return 787 to flight until battery risks addressed
WASHINGTON (Reuters) - The Federal Aviation Administration on Friday said it was reviewing a proposal by Boeing Co aimed at returning the 787 Dreamliner to flight, but said it would not allow that to happen until it was confident that risks with the airplane's batteries had been addressed.
Judge extends freeze on account linked to Heinz trades
NEW YORK (Reuters) - A U.S. judge has extended a freeze on a Swiss account linked to possible insider trading in H.J. Heinz Co call options just before the ketchup maker agreed to be bought by Warren Buffett's Berkshire Hathaway Inc and Brazilian investment firm 3G Capital.
Analysis: U.S. companies plan to spend, a boost for the economy
NEW YORK (Reuters) - U.S. companies' capital spending plans are holding up, and mostly exceeding Wall Street forecasts, in the face of policy concerns created by arguments in Washington over the fiscal cliff, the debt ceiling and now automatic spending cuts.
Exclusive: Credit Suisse faces U.S. probe into mortgage products
NEW YORK (Reuters) - The U.S. Attorney's Office in New Jersey is investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, according to people familiar with the matter.
Fed officials point to fiscal benefits of bond buying
NEW YORK (Reuters) - Two top Federal Reserve officials offered a fresh defense of the U.S. central bank's asset-buying program on Friday, arguing that it helps the nation's fiscal health by boosting the economy.
Citigroup faced SEC questions over its value on brokerage
NEW YORK (Reuters) - At the same time that Citigroup Inc was unsuccessfully trying to convince an arbitrator that the brokerage it owned with Morgan Stanley was worth as much as $23 billion, the U.S. Securities and Exchange Commission in August was asking Citigroup to document the valuation it had placed on the asset.
Pentagon suspends F-35 flights due to engine blade crack
WASHINGTON (Reuters) - The Pentagon on Friday suspended the flights of all 51 F-35 fighter planes after a routine inspection revealed a crack on a turbine blade in the jet engine of an F-35 test aircraft in California.
Whistleblower files federal lawsuit against Morgan Stanley, FINRA
NEW YORK (Reuters) - A former Morgan Stanley broker who tried to blow the whistle on what he called unethical sales practices, and was later ordered to pay $1.2 million following his departure, is seeking his day in federal court.
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