A week of sub-freezing temperatures has damaged California's citrus crop, but it will take several weeks to quantify losses, industry officials said.» Read More
Ford Motor Co. fell$. 02 or. 1 percent, to $16.39. General Motors Co. fell$. 11 or. 3 percent, to $40.05. Honda Motor Co. fell$. 15 or. 4 percent, to $40.59.
Delta Air rose$. 55 or 2.0 percent, to $28.21. JetBlue Airways Corp. rose$. 41 or 4.9 percent, to $8.77. Southwest Airlines Co. rose$. 82 or 4.6 percent, to $18.79.
Citigroup Inc. rose$. 20 or. 4 percent, to $50.91. Goldman Sachs rose$. 73 or. 4 percent, to $168.33. JPMorgan Chase rose$. 24 or. 4 percent, to $56.31.
Coca-Cola Co. fell$. 92 or 2.3 percent, to $39.21. Dr Pepper Snapple fell$. 63 or 1.3 percent, to $47.30. Molson Coors Brewing Co. fell$. 88 or 1.6 percent, to $53.42.
*Aetna CEO says will not extend canceled policies further. Aetna is the largest insurer yet to announce a decision on how it would proceed across the United States after President Barack Obama said last month that insurers could extend these health plans under a temporary transitional policy.
NEW YORK, Dec 12- Cisco Systems Chief Executive John Chambers said on Thursday that the network equipment company is preparing for a long battle to improve its business in China, one that will not be won "in a quarter or two."
After a two-year investigation, a man working for a Chinese conglomerate was arrested on charges of stealing inbred corn seed from production fields in Iowa and Illinois and trying to smuggle it into China, U.S.
Treasury official on Thursday called on the Senate to ratify five tax treaties the United States has signed with other nations but that have languished without a vote since 2011.. Though tax treaties previously have routinely won Senate approval, they have recently fallen victim to partisan gridlock despite a corporate lobbying effort to get them ratified.
*VIX closes at highest level since mid-October. NEW YORK, Dec 12- U.S. stocks fell on Thursday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus.
WASHINGTON, Dec 12- The bitter ideological feud tearing at the Republican Party boiled over on Thursday as the U.S. Congress considered a bipartisan budget deal with angry recriminations between the Republicans' top elected leader and the powerful conservative organizations that have been tormenting him for years.
NEW YORK, Dec 12- Gold tumbled 2 percent on Thursday as upbeat U.S. retail sales data stoked expectations of a cut soon in the Federal Reserve's stimulus program, and natural gas prices rose for a fourth straight day as colder weather gripped the United States. Coffee and silver were among other commodities that posted major price moves.
PLANO, Texas, Dec 12- J.C. Penney Co Inc is looking to the past to build its future. After two years of declining sales, the department store chain is eliminating or trimming some high-profile brands introduced by former Chief Executive Officer Ron Johnson, including its own jcp menswear, Joe Fresh clothes and some Martha Stewart- designed home furnishings.
CHICAGO, Dec 12- Illinois' enactment of sweeping public pension reforms last week gave a boost to its sale on Thursday of $350 million of taxable general obligation bonds. He said Illinois' previous sale of $350 million of taxable GO bonds in April resulted in a 4.97 TIC that was more than 3 percent over 10- year Treasuries.
*SPDR Gold Trust holdings drop, investment demand lags. NEW YORK/ LONDON, Dec 12- Gold prices fell 2 percent on Thursday as upbeat U.S. retail sales data boosted the dollar and stoked expectations that the Federal Reserve could reduce its bond-buying stimulus soon. Silver slid 4 percent, while platinum group metals also fell sharply.
NEW YORK, Dec 12- A former asset management firm analyst testified Thursday that he received detailed tips from a friend at Dell Inc, giving prosecutors a link to show how SAC Capital Advisors portfolio manager Michael Steinberg obtained inside information.
*U.S. to sell $96 bln Treasuries, $16 bln TIPS next week. NEW YORK, Dec 12- U.S. The auction "tailed" the 1 p.m. bidding deadline level by 1 basis point for a yield of 3.90 percent, said Brett Rose, analyst at Citigroup Global Markets, in a research note.
WASHINGTON, Dec 12- U.S. House of Representatives Speaker John Boehner erupted in anger at conservative groups who oppose a rare bipartisan two-year budget deal on Thursday as lawmakers prepared to vote on the measure in the lower house.
BEIJING, Dec 13- A China state television investigative report accusing Starbucks of overcharging local customers for coffee triggered enormous disquiet among journalists at the network and even some soul-searching after it aired.
SINGAPORE, Dec 13- The currency carry trade is making a slow comeback in Asia although, unlike its popular pre-crisis version, punters are more selective in their investment targets for fear that market volatility could leave them with losses.
TOKYO, Dec 13- The Bank of Japan's commitment to ultra-easy monetary policy has revived the appeal of the yen to fund investments in higher-yielding assets, though analysts and market participants say the so-called yen carry trade has yet to catch fire.