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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Nov 13, 2013
Page
11
New York stocks slid as investors digested disappointing earnings from NRG Energy and Dean Foods. The Dow fell 32 points to 15,750 while the S&P 500 slipped 4 to 1,767 and the Nasdaq rose slightly to 3,919 amid mixed volume. The 10 year yield rose to 2.78 percent.
The Justice Department reached a deal allowing American Airlines and US Airways to merge as the world’s largest carrier. It limits slots at Reagan National and LaGuardia and gates at Boston Chicago Los Angeles Dallas and Miami to low cost carriers, awaiting a federal judge’s approval to avoid trial.
President Obama nominates Timothy Massad to head the Commodity Futures Trading Commission. Massad, a Treasury official who oversaw TARP, delivered nearly 30 billion dollars in returns to taxpayers. Obama urged Congress to fund the agency to restore enforcement capacity and staffing.
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