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Monday, April 30, 2012

Daily Investor Briefing: Slowing economy drives S&P down in...

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04/30/2012
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
Slowing economy drives S&P down in April
NEW YORK (Reuters) - The S&P 500 posted its first monthly decline since November on Monday, as stocks slipped in one of the lightest trading days of the year on signs the U.S. economy may be slowing and as a recession in Spain highlighted risks in the euro zone.
Data points to weaker economic momentum
WASHINGTON (Reuters) - The U.S. economy appeared to downshift as it entered the second quarter, with consumers increasing their spending only modestly last month and a gauge of business activity in the Midwest falling sharply in April.
Coke denies Monster deal talk report
(Reuters) - Coca-Cola Co said it is not in talks to acquire Monster Beverage Corp, disputing a Wall Street Journal article on Monday that said it was in discussions to buy the energy drink maker.
Shareholder sues Google to block stock split
WILMINGTON, Delaware (Reuters) - Google Inc and its board were sued on Monday by a shareholder who wants to block the company's stock split plan because it entrenches the Web search company's co-founders Larry Page and Sergey Brin, according to court documents.
Microsoft eyes tablet lift via Barnes & Noble deal
NEW YORK/SEATTLE (Reuters) - Microsoft Corp is jumping into the fast-growing e-books market by investing $300 million in Barnes & Noble Inc's Nook e-reader and college business, as it looks to unlock Amazon.com and Apple Inc's grip on the exploding tablet computer market.
Groupon replaces Schultz, Efrusy on board
(Reuters) - Groupon Inc has appointed two directors to replace Starbucks CEO Howard Schultz and venture capitalist Kevin Efrusy on its board, in an apparent attempt to address growing criticism over its accounting practices.
Delta to buy U.S. refinery for $150 million
(Reuters) - Delta Air Lines Inc will buy a Pennsylvania oil refinery from ConocoPhillips for $150 million, the first time an airline has bought a refinery, highlighting the industry's desperate attempt to save money on fuel costs.
JPMorgan CEO should not be chairman: recommendation
(Reuters) - Jamie Dimon's $23.1 million paycheck is OK, but he should not be both chairman and CEO of JPMorgan Chase & Co, an adviser to institutional investors said on Monday.
Dissident shareholders want access to BofA meeting
(Reuters) - An activist group is urging Bank of America Corp to allow all shareholders to enter next week's annual meeting after it says Wells Fargo & Co excluded attendees who disagreed with the bank's business practices.
Exxon Mobil shuts Louisiana oil pipeline after leak
(Reuters) - Exxon Mobil Corp has shut the North Line crude oil pipeline in Louisiana after a leak spilled 1,900 barrels of crude oil in a rural area over the weekend, affecting a conduit that supplies the nation's third-largest refinery.
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