Stocks dip as earnings pour in, consumer discretionary lags
NEW YORK (Reuters) – U.S. stocks dipped in a choppy session after the latest round of earnings reports, as a decline in the consumer discretionary sector and interest-rate sensitive stocks outweighed gains in healthcare names.
Barclays: Bloomberg report it seeking $2 billion U.S. penalty cap inaccurate
(Reuters) – Barclays said on Thursday a Bloomberg report that it is trying to cap a penalty to settle a U.S investigation into its sale of mortgage securities at $2 billion was based on ill-informed speculation.
U.S. Senate panel to hold hearing on AT&T-Time Warner deal on December 7
WASHINGTON (Reuters) – The U.S. Senate Judiciary Committee’s antitrust subcommittee will hold a hearing on Dec. 7 on the proposed merger of Time Warner Inc and AT&T Inc , and the companies’ chief executives will testify, the committee said in a statement.
Hyundai, Kia to pay $41.2 million to U.S. states over mileage claims
WASHINGTON (Reuters) – Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $41.2 million to resolve an investigation by 33 U.S. states over the their 2012 mileage restatements, state attorneys general said on Thursday.
Ford, GM pitch new strategies; Wall Street snubs them
DETROIT (Reuters) – Ford Motor Co and General Motors Co have worked all year to convince investors that they are no longer prisoners of the U.S. auto market cycle and have solid plans to fend off challenges from Silicon Valley interlopers.
Belgium breaks deadlock over EU-Canada free trade pact
BRUSSELS (Reuters) – Belgium’s regions agreed to a free trade pact with Canada on Thursday, ending weeks of uncertainty when internal divisions in just one country blocked the European Union of 500 million people sealing the landmark deal.
Qualcomm to buy NXP for $38 billion in biggest chip deal
(Reuters) – Smartphone chipmaker Qualcomm Inc agreed to buy NXP Semiconductors NV for about $38 billion in the biggest-ever deal in the semiconductor industry, making it the leading supplier to the fast-growing automotive chips market.
Exxon eyes setting up a trading division: FT
(Reuters) – Exxon Mobil Corp is weighing building a full-scale trading division as it looks to counter a more than two-year rout in oil prices, the Financial Times reported on Thursday, citing people familiar with the matter.
UPS CEO seeing greater commitment from Obama administration on TPP deal
CHICAGO (Reuters) – The top executive at United Parcel Service Inc said on Thursday he is seeing a greater commitment from President Barack Obama’s administration on getting the Trans Pacific Partnership (TPP) deal completed despite negative election …
Recovering Anglo American sticks to asset sales but with less haste
LONDON/JOHANNESBURG (Reuters) – Shares in Anglo American are up more than 200 percent this year, like prices of the coking coal it mines, and yet the group is sticking to an overhaul accelerated when commodity markets were rock bottom and it was in de…
