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Monday, December 30, 2013

Business Today: Wall St. ends mostly flat in thin trading

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12/30/2013
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
Wall St. ends mostly flat in thin trading
NEW YORK (Reuters) - Stocks ended mostly flat on Monday following a strong rally over the past two-weeks, with weaker-than-forecast housing data and light trading volume keeping upward momentum in check.
Reduced Fed support reflected in January bond-buying plan
NEW YORK (Reuters) - The Federal Reserve plans to purchase about $40 billion in longer-dated federal government debt in 18 operations next month, the New York Fed said on Monday, reflecting the U.S. central bank's decision to trim its support for the economy.
Wells Fargo agrees to $541 million loan settlement
(Reuters) - Wells Fargo & Co will pay a net $541 million to Fannie Mae to settle claims over defective home loans, completing the government-controlled mortgage company's efforts to have banks buy back troubled loans made before the financial crisis.
Special Report: Lost hooves, dead cattle before Merck halted Zilmax sales
WALLA WALLA COUNTY, WASHINGTON (Reuters) - The U.S. beef industry's dependence on the muscle-building drug Zilmax began unraveling here, on a sweltering summer day, in the dusty cattle pens outside a Tyson Foods Inc slaughterhouse in southeastern Washington state.
NYC sues FedEx for illegally shipping cigarettes to homes
NEW YORK (Reuters) - New York City has sued FedEx Corp, accusing the package delivery company of illegally delivering millions of contraband cigarettes to people's homes, violating a 2006 settlement.
Cooper Tire terminates $2.5 billion sale to India's Apollo
MUMBAI (Reuters) - U.S.-based Cooper Tire & Rubber Co said it was terminating a proposed $2.5 billion sale to Apollo Tyres Ltd , with both sides threatening legal action over a deal plagued by obstacles from the start.
U.S. pending home sales end slide, hint at stabilization
WASHINGTON (Reuters) - Contracts to purchase previously owned U.S. homes edged up in November, marking the first increase in six months and providing a hopeful sign the sector has begun to stabilize after its momentum was sapped by rising mortgage rates.
U.S. cracks open skies to testing, use of aerial drones
NEW YORK (Reuters) - The U.S. aviation regulator took a step toward opening the skies to aerial drones on Monday, authorizing six sites where unmanned aircraft can be tested for a variety of uses.
Orange to take legal action after report of spying via its cable
PARIS (Reuters) - Orange is preparing its legal response to a report alleging the U.S. National Security Agency (NSA) accessed customers' data transmitted by a submarine cable partly used by the French telecoms operator.
Swatch fire seen affecting other watchmakers
ZURICH (Reuters) - A fire that destroyed a workshop at a Swatch Group factory will affect other watchmakers it supplies more than the Swiss firm itself, as a break in production is likely to cut the availability of parts to an industry already facing bottlenecks.
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