The Ticker

Profit-taking trips up stocks but not Facebook

U.S. stocks fell yesterday 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.

Profit-taking also played a part in the market's decline, with investors selling some stocks to lock in gains from this year's rally.

Facebook, however, closed at its highest level since Oct. 25, a day after it was selected to join the S&P 500 index. The change becomes effective after the close Dec. 20. In yesterday's session, the social network's stock jumped 5 percent to end at $51.83 and helped cap the Nasdaq's loss.

The Dow Jones industrial average fell 104.10 points or 0.66 percent, to end at 15,739.43. The S&P 500 lost 6.72 points or 0.38 percent, to finish at 1,775.50. The Nasdaq Composite dropped 5.41 points or 0.14 percent, to close at 3,998.40.

JPMorgan close to deal on Madoff

JP Morgan is close to striking a deal with federal authorities over the company's ties to Ponzi scheme mastermind Bernie Madoff, in which the company would escape criminal charges while paying $2 billion in penalties, according to people familiar with the negotiations.

Hilton developing new hotel brand

Hilton Worldwide Holdings, which began trading shares on the New York Stock Exchange yesterday, expects to introduce a new hotel brand in 2014 aimed at affluent young travelers by emphasizing style and design.

Chief Executive Christopher Nassetta said Hilton is exploring plans for a boutique hotel, or "lifestyle" brand. It would aim to compete with W Hotels, a brand developed by Starwood Hotels & Resorts Worldwide and Marriott International's Edition hotels.

Today

 Commerce Department releases final third-quarter gross domestic product.

 The Shuffle
 
College Hype, a Dorchester-based company that manufactures and provides quality custom apparel and school uniforms for schools, media outlets and corporate organizations, announced the promotion of Joseph Foley, of Weymouth to the position of senior vice president. He will oversee day-to-day activities at College Hype, and will assist the company president with overall strategy for the firm's continued growth.

 Rhino Public Relations, a specialty public relations agency, announced that Carrie Sullivan has joined the firm as an account manager. In her new role, Carrie will be responsible for managing the day-to-day operations of Rhino PR client programs and working with the account team on the support of client accounts.

Anda sedang membaca artikel tentang

The Ticker

Dengan url

http://wartawanlocal.blogspot.com/2013/12/the-ticker_14.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

The Ticker

namun jangan lupa untuk meletakkan link

The Ticker

sebagai sumbernya