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Friday, April 27, 2012

Daily Investor Briefing: Earnings boost Wall Street to close...

Reuters » Daily Investor Update
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04/27/2012
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
Earnings boost Wall Street to close stellar week
NEW YORK (Reuters) - U.S. stocks rose on Friday to post their best weekly gains in more than a month as stronger-than-expected earnings from Amazon and Expedia reinforced confidence in corporate strength.
Exclusive: Apple courts Hollywood for upcoming TV: sources
LOS ANGELES (Reuters) - Apple Inc began talks earlier this year to stream films owned by EPIX, which is backed by three major movie studios, on devices including a long-anticipated TV, according to two people with knowledge of the negotiations.
Exclusive: Chesapeake board member lent money to CEO McClendon
(Reuters) - As Chesapeake Energy Corp.'s board of directors moves to distance itself from loans taken by CEO Aubrey McClendon, documents reviewed by Reuters show that at least one former board member had undisclosed personal financial ties to him in the past.
Consumer sentiment little changed in April
NEW YORK (Reuters) - Consumer sentiment was little changed in April as Americans expected the economy to slowly improve, though they were less cheery about the state of their own finances, a survey released on Friday showed.
Growth cools as defense, inventories weigh
WASHINGTON (Reuters) - Economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace, but the biggest rise in consumer spending in more than a year cushioned the blow.
Amazon soars as digital sales boost margins
(Reuters) - Amazon.com Inc's stellar quarterly results are helping convince skeptics on Wall Street that a bout of intense spending is beginning to pay off for an Internet retailer trying to transform itself into a technology company.
Rogue trader Kerviel accuses SocGen of forgery
PARIS (Reuters) - Former Societe Generale trader Jerome Kerviel, who is appealing a three-year prison sentence for his role in France's biggest rogue trading scandal, plans to sue his former employer for forgery and manipulation of evidence.
Simon Property earnings blows past estimates
(Reuters) - Simon Property Group Inc , the largest owner of U.S. malls and outlet centers, raised its full-year earnings forecast on Friday after breezing past Wall Street's expectations, sending its stock to a record high.
Spanish economy in "huge crisis" after credit downgrade
MADRID (Reuters) - Spain's sickly economy faces a "crisis of huge proportions", a minister said on Friday, as unemployment hit its highest level in almost two decades and Standard and Poor's downgraded the government's debt by two notches.
Wal-Mart employee starts petition for CEO's ouster
(Reuters) - A deli manager at a Walmart store has started an online petition calling for the resignations of the retailer's chairman and chief executive officer in the wake of allegations that top management squelched an internal probe into bribery allegations.
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