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Tuesday, April 24, 2012

Daily Investor Briefing: Dow, S&P climb on earnings, Apple...

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04/24/2012
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
Dow, S&P climb on earnings, Apple bruises Nasdaq
NEW YORK (Reuters) - The Dow and the S&P 500 rose on Tuesday after strong earnings and upbeat outlooks from big manufacturers like 3M Co , but Apple's slide ahead of its results drove the Nasdaq down.
Home prices seeing some signs of stability
NEW YORK (Reuters) - The housing market is seeing hints of stabilization, with February home prices rising for the first time in 10 months, according to a survey on Tuesday, while a measure of consumer confidence last month fell more than expected.
Facebook deals may add week to IPO timing: source
SAN FRANCISCO (Reuters) - A recent acquisition spurt by Facebook Inc may add about a week to the social network's journey to public markets, a source familiar with the situation said on Tuesday.
Protesters picket Wells Fargo meeting, six arrested
SAN FRANCISCO (Reuters) - Police in riot gear arrested six people on Tuesday as protesters with a huge inflated rat sought to disrupt a Wells Fargo & Co annual shareholder meeting to express anger over foreclosures, executive compensation and corporate taxes.
Wal-Mart's Castro-Wright quits MetLife board
(Reuters) - Embattled Wal-Mart vice chairman Eduardo Castro-Wright has resigned from the board of MetLife, the largest life insurer in the United States, the company said on Tuesday.
Wal-Mart creates global anti-bribery watchdog post
(Reuters) - Wal-Mart Stores Inc said on Tuesday that it has created a new global position to oversee compliance with a U.S. law that forbids bribes to foreign officials as it grapples with a bribery scandal that has led to more than $10 billion being cut from its market value.
Apple infringes on Motorola Mobility patent: ITC judge
WASHINGTON (Reuters) - Apple Inc infringed on a Motorola Mobility Holdings Inc patent in making its popular iPhones, iPads and other products, a judge for the International Trade Commission ruled on Tuesday.
MF Global judge OKs payout of up to $685 million
(Reuters) - A federal judge on Tuesday authorized the trustee liquidating MF Global Holdings Inc's brokerage unit to distribute as much as $685 million to customers whose accounts had been frozen when the futures brokerage went bankrupt.
U.S. charges ex-BP engineer obstructed spill probe
HOUSTON (Reuters) - A former BP Plc engineer was arrested and charged on Tuesday with intentionally destroying evidence related to how much oil was spilling from the company's broken well in the Gulf of Mexico in April 2010, the U.S. Justice Department said.
AT&T profit up, helped by iPhone sales drop
NEW YORK (Reuters) - AT&T Inc reported a higher-than-expected quarterly profit on Tuesday, sending its stock up as much as 4 percent, as a decline in iPhone sales reduced the amount of cash it had to pay Apple Inc and boosted its margins.
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