Career News 24/7: Business Today: Dow, S&P 500 down after two-day winning streak; Tesla plunges on outlook

Tuesday, November 5, 2013

Business Today: Dow, S&P 500 down after two-day winning streak; Tesla plunges on outlook

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11/5/2013

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

Dow, S&P 500 down after two-day winning streak; Tesla plunges on outlook

NEW YORK (Reuters) - The Dow and the S&P 500 ended lower on Tuesday following two sessions of gains as investors weighed the implications of strong economic data for the path of monetary policy over the next several months.

U.S. judge won't rubber-stamp SAC insider trade decision

NEW YORK (Reuters) - A Manhattan federal judge signaled on Tuesday that he will not rubber-stamp a central component of billionaire Steven A. Cohen's SAC Capital Advisors LP's record $1.2 billion insider trading settlement with the government, saying he needs more information about the accord's fairness.

Washington governor to make major announcement on Boeing 777X

SEATTLE (Reuters) - Washington State Governor Jay Inslee is to make a "major announcement" concerning Boeing Co's new 777X program, after months of lobbying to get the plane maker to assemble its newest jet in the Seattle area, according to a release from his office on Tuesday.

Fox earnings miss expectations as new channels launch

LOS ANGELES (Reuters) - Rupert Murdoch's 21st Century Fox Inc TV and film company reported quarterly earnings on Tuesday that missed Wall Street expectations as the company invested in the launch of new U.S. cable channels.

Analysis: U.S. stocks tied to optional consumer spending look expensive

NEW YORK (Reuters) - Companies that sell consumer goods, such as electronics, cars and appliances, are leading the U.S. market in earnings and share gains, but high valuations and fund managers' big weightings in the sector pose major investment risks.

Batista's OSX gets lifeline as two banks refinance loan -sources

SAO PAULO (Reuters) - OSX Brasil SA , the struggling shipbuilder controlled by former Brazilian billionaire Eike Batista, got a much-needed lifeline on Tuesday after two banks agreed to refinance a 400 million real ($175 million) loan 17 days after it had come due.

China eyes adopting international law to spark life into trade zones

HONG KONG (Reuters) - China is considering the use of international law in a big push to get free trade zones up and running to promote the use of the yuan in global trade, which could challenge Hong Kong longer term as the main offshore center for the currency.

Former Deutsche Bank unit in $12 million deal to resolve bias claims

WASHINGTON (Reuters) - A former Deutsche Bank unit will pay $12.1 million to harmed borrowers in order to resolve allegations that it discriminated against African-American and Hispanic borrowers seeking mortgage loans, the U.S. housing regulator said on Tuesday.

Investors eye Samsung's cash pile at rare strategy briefing

SEOUL (Reuters) - Investors are likely to press Samsung Electronics Co on dividends and plans to sustain growth as the world's biggest smartphone maker holds its first analysts' briefing in eight years on Wednesday.

Exclusive: EU to fine Deutsche, JPMorgan and others in rate probe - source

BRUSSELS (Reuters) - EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC after an investigation into the rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.