Archive for January 10th, 2013

Stocks gain, pushing S&P 500 to five-year high

January 10, 2013
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NEW YORK (AP) — The Standard and Poor‘s 500 closed at another five-year high Thursday after the stock market got a boost from reports suggesting the outlook for economic growth may be improving.
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News Summary: Bank earnings begin, with overhang

January 10, 2013
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BY THE NUMBERS: The big banks are set to begin reporting their fourth-quarter earnings, starting with Wells Fargo on Friday. For most, analysts are predicting higher earnings.
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Biden to offer gun-safety recommendations next week

January 10, 2013
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WASHINGTON (AP) — Pledging swift action to curb gun violence, Vice President Joe Biden said he would deliver new policy proposals to President Barack Obama by Tuesday.
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Official: Student opens fire at Calif. high school, wounding 2

January 10, 2013
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Official: Student opens fire at Calif. high school, wounding 2

Taft Union High School (Bobak Ha’Eri/Wikimedia Commons)
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Investors welcome positive start to US earnings

January 10, 2013
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LONDON (AP) — A positive start to the U.S. corporate earnings season and a sharp improvement in China‘s monthly trade boosted world markets Thursday. The euro, meanwhile, jumped on news the European Central Bank decided not to cut interest rates.
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Oil up as China trade, US earnings show recovery

January 10, 2013
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NEW YORK (AP) — The price of oil rose to $94 a barrel Thursday, propelled by a rebound in China‘s trade growth and an encouraging start to the U.S. corporate earnings season.
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Obama to nominate Lew for Treasury

January 10, 2013
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Obama to nominate Lew for Treasury

Lew’s signature would adorn the dollar bill with what, to the untrained eye, might look like an aerial shot of …President Barack Obama on Thursday will formally nominate White House chief of staff Jack Lew to succeed departing Treasury Secretary Timothy Geithner, according to a White House official.
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Exclusive: Jr. Seau suffered brain disease from NFL hits

January 10, 2013
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Exclusive: Jr. Seau suffered brain disease from NFL hits

A team of scientists who analyzed the brain tissue of renowned NFL linebacker Junior Seau after his suicide last year have concluded the football player suffered a debilitating brain disease likely caused by two decades worth of hits to the head.
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China regulator seeking more information on HSBC-Ping An deal

January 10, 2013
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SHANGHAI (Reuters) – China’s insurance regulator said it is seeking more information from Ping An Insurance after conducting a preliminary review of HSBC’s planned sale of its $9.4 billion (5.8 billion pounds) stake in the insurer to Thailand’s CP Group.
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Morgan Stanley to cut jobs, may signal more pain ahead

January 10, 2013
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(Reuters) – Morgan Stanley plans to slash 1,600 jobs in what may be just the beginning of a new round of layoffs at large investment banks, this time driven by a deeper reassessment of Wall Street businesses in the face of new regulations and capital standards.
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