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Monday, March 26, 2012

Daily Investor Briefing: Bernanke's words drive Wall Street up...

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03/26/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Bernanke's words drive Wall Street up 1 percent
NEW YORK (Reuters) - The S&P 500 rebounded from its worst week so far this year to retake a four-year high on Monday after Federal Reserve Chairman Ben Bernanke signaled supportive monetary policy will remain even though the job picture has begun to improve.
Bernanke says U.S. needs faster growth
WASHINGTON (Reuters) - The U.S. economy needs to grow more quickly to bring the unemployment rate down further, Federal Reserve Chairman Ben Bernanke said on Monday, defending the central bank's policy of very low interest rates.
Housing market recovery hits pothole in Feb
WASHINGTON (Reuters) - Contracts to purchase previously owned U.S. homes unexpectedly fell in February, suggesting a loss of momentum in the housing market after recent signs of improvement.
Apple's gains make some mutual funds riskier
NEW YORK (Reuters) - When it comes to Apple, investors could become victims of their own success.
February business volume up in year, down in month
(Reuters) - U.S. companies borrowed more to buy equipment in February than a year ago, though less than in January, and spent mostly for new technology and aging goods replacement, the Equipment Leasing and Finance Association said on Monday.
Exclusive: Blackstone, Bain prepare Michael Stores IPO
NEW YORK (Reuters) - Blackstone Group LP and Bain Capital LP have tapped banks for an initial public offering of Michael Stores Inc, North America's largest specialty retailer of arts and crafts which they paid over $6 billion to take private in 2006, four people familiar with the matter said on Monday.
BMW recalls 1.3 million cars worldwide
FRANKFURT (Reuters) - BMW AG , the world's largest premium carmaker, is recalling about 1.3 million cars for repair worldwide due to a possible problem with a battery cable cover in the trunk, the carmaker said on Monday.
IRS waives fines for farmers missing MF Global tax info
CHICAGO (Reuters) - Tax officials will not penalize farmers who could not properly file their taxes because they had accounts at bankrupt broker MF Global.
Japan Airlines takes delivery of two Boeing 787s
SEATTLE (Reuters) - Japan Airlines took delivery of its first two Boeing Co 787 Dreamliners on Monday, after a delay of about three years while the plane-maker wrestled with development and production problems.
Deutsche Bank to settle MBS suit for $32.5 million
NEW YORK (Reuters) - Deutsche Bank AG has agreed to pay $32.5 million to investors who said they were misled about the quality of mortgage loans sold to them as highly rated securities right before the U.S. housing market imploded, court papers show.
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