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Wednesday, January 1, 2014

Before the Bell: Analysis: Scarred U.S. consumers a hard sell for traditional retail

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01/1/2014
 
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
Analysis: Scarred U.S. consumers a hard sell for traditional retail
NEW YORK (Reuters) - If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks.
Wall St. ends best year since 1990s with moderate gains
NEW YORK (Reuters) - Stocks closed out their best year in more than 15 on Tuesday, with major indexes advancing throughout 2013 on the back of the Federal Reserve's massive stimulus and expectations for accelerating growth going forward.
Spain's economy minister sees 'significant' job creation in 2014
MADRID (Reuters) - Spain's Economy Minister said on Wednesday that job creation in 2014 would be "significant" as a tentative economic recovery kicks in, but a poll showed most Spaniards do not expect any clear improvement until 2015.
Apple says never worked with NSA on iPhone hacks
SAN FRANCISCO (Reuters) - Apple Inc has never worked with the U.S. National Security Agency and is unaware of efforts to target its smartphones, the company said in response to reports that the spy agency had developed a system to hack into and monitor iPhones.
Cohen's SAC ends life as hedge fund with double-digit returns
BOSTON (Reuters) - Billionaire investor Steven A. Cohen's SAC Capital Advisors is ending its life as a hedge fund with a 20.10 percent gain this year, marking one of the industry's best returns even after SAC pleaded guilty to insider trading charges, a source familiar with the numbers said.
India cancels AgustaWestland helicopter deal: source
NEW DELHI (Reuters) - India has cancelled its scandal-hit $770 million helicopter deal with AgustaWestland, part of Italian defense group Finmeccanica , a senior defense ministry official told Reuters on Wednesday.
U.S. consumer mood brightens, but home price gains slow
NEW YORK (Reuters) - U.S. consumers' mood improved as 2013 drew to a close, with many optimistic about their future job prospects, while home prices rose again in October, though the pace of gains slowed.
China house prices show signs of stabilizing: surveys
BEIJING (Reuters) - Chinese property prices rose again in December, according to two private surveys, but are showing signs of stabilizing following government measures aimed at cooling the housing market and averting the threat of a bubble.
Hewlett-Packard to cut 5,000 more jobs
(Reuters) - Hewlett-Packard Co said it would cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or 11 percent of its workforce.
China's factory growth slower but resilient at year end
BEIJING (Reuters) - Growth in China's factories slowed slightly in December as export orders and output weakened, official data showed on Wednesday, adding to views that while the world's second-largest economy remains resilient, it lost some steam in late 2013.
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