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Friday, January 3, 2014

Daily Investor Briefing: Wall St. closes flat after Fed...

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01/3/2014
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
Wall St. closes flat after Fed comments
NEW YORK (Reuters) - U.S. stocks ended a volatile session mostly flat on Friday as investors digested comments from Federal Reserve officials that raised questions about how quickly the central bank will end its stimulus program.
Fed no less committed to stimulus after cut to QE: Bernanke
PHILADELPHIA (Reuters) - The U.S. Federal Reserve is no less committed to highly accommodative policy now that it has trimmed its bond-buying stimulus, Ben Bernanke said on Friday in what could be his last speech as Fed chairman.
BlackBerry sues Ryan Seacrest's company over iPhone keyboard
TORONTO (Reuters) - BlackBerry Ltd said on Friday it had filed a lawsuit against a company co-founded by "American Idol" host Ryan Seacrest that offers a physical keyboard that can be attached to some of Apple Inc's touchscreen iPhone 5 models.
U.S. auto sales hit 6-year high but December disappoints
DETROIT (Reuters) - The U.S. auto industry raced to its best year since the boom times before 2008, but results came up short in December as consumers proved to be more focused on buying presents than new cars and trucks.
Harbinger knocks Dish's bid for LightSquared's spectrum
NEW YORK (Reuters) - Phil Falcone's Harbinger Capital Partners, which controls bankrupt satellite company LightSquared, has asked a judge to reject a takeover effort by Dish Network Corp, saying its $2.2 billion bid for a chunk of LightSquared's spectrum is a "Trojan horse".
Macy's, Penney settlement talks have stalled: WSJ
(Reuters) - Talks between Macy's Inc and J.C. Penney Co Inc to settle their dispute over home goods designed by Martha Stewart have petered out, making it more likely a judge will have to resolve the matter, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Pimco Total Return has record $41.1 billion outflow in 2013: Morningstar
NEW YORK (Reuters) - The Pimco Total Return Fund, the world's largest bond fund, saw its assets sink by a record $41.1 billion last year after a mistaken bet on U.S. Treasuries resulted in the fund's worst annual performance in nearly two decades.
AT&T tries luring T-Mobile users with $200 credit
NEW YORK (Reuters) - AT&T Inc on Friday offered customers of No.4 U.S. mobile provider T-Mobile U.S. Inc a $200 credit to switch to its service, firing the first volley in what may be a price war that benefits consumers but plays havoc with profits.
Detroit manager sought SEC probe of banks over interest rate swaps
DETROIT (Reuters) - Detroit asked a U.S. regulator to consider bringing charges against two banks for costly interest-rate swaps that factored in the city's record-setting municipal bankruptcy case, Detroit Emergency Manager Kevyn Orr testified on Friday.
Ford says tops Canada 2013 auto sales, others growing faster
TORONTO (Reuters) - Ford Motor Co's Canadian arm sold fewer vehicles in December than a year earlier but held its position as the country's best-selling automaker in 2013 as truck sales helped it notch overall growth of 2.7 percent, the company said on Friday.
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Pimco Total Return has record $41.1 billion outflow in 2013: Morningstar

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