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Tuesday, June 17, 2014

Daily Investor Briefing: U.S. consumer prices show inflation...

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06/17/2014

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

U.S. consumer prices show inflation ticking up

WASHINGTON, (Reuters) - U.S. consumer prices recorded their largest increase in more than a year in May as costs for a range of goods and services rose, likely easing the Federal Reserve's concerns that inflation was running too low.

Banks lead Wall Street up; traders brush off Iraq

NEW YORK (Reuters) - U.S. stocks rose on Tuesday, with the S&P 500 ending near its record after three days of gains, as investors shrugged off the turmoil in Iraq and focused on data pointing to higher inflation, which helped lift bank shares.

U.S. housing starts, permits fall more than expected in May

WASHINGTON, (Reuters) - U.S. housing starts and building permits fell more than expected in May, suggesting the housing recovery will likely remain slow for a while.

Ex-Madoff accountant expected to plead guilty

NEW YORK (Reuters) - Bernard Madoff's former accountant is expected to plead guilty to charges in connection with the convicted swindler's massive Ponzi scheme, a U.S. prosecutor said at a Tuesday court hearing.

Yellen, future tightening in spotlight as Fed meets

(Reuters) - The U.S. Federal Reserve is widely expected to chop another $10 billion from its monthly bond purchases at a meeting on Tuesday and Wednesday but make few, if any, other concrete policy moves.

U.S. economic growth sustainable, rates to rise in third quarter 2015

WASHINGTON (Reuters) - The U.S. economy is on a self-sustaining growth path that should allow the Federal Reserve to start raising interest rates in the second half of 2015, according to a Reuters survey of economists.

Apple settles e-book antitrust case with U.S. states, others

(Reuters) - Apple Inc reached an out-of-court settlement with U.S. states and other complainants in an e-book price-fixing class action lawsuit on Monday, effectively avoiding a trial in which the iPad maker faced more than $800 million in claims.

Ex-Goldman director goes to prison, still owes $13.9 million fine

NEW YORK (Reuters) - Former Goldman Sachs Group Inc director Rajat Gupta on Tuesday began serving his two-year prison term for insider trading, and lost his challenge to a $13.9 million civil penalty and permanent ban from acting as a public company officer.

GM to start compensating ignition switch victims: CEO Barra

WASHINGTON (Reuters) - General Motors Co expects to begin processing victims' claims related to faulty ignition switches by Aug. 1, Chief Executive Officer Mary Barra will tell the U.S. Congress on Wednesday.

France tells GE and Siemens: Alstom proposals still not good enough

PARIS (Reuters) - The French government raised the stakes in the battle for engineering group Alstom on Tuesday, telling rival suitors General Electric and Siemens to come up with better offers.