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Wednesday, April 4, 2012

Daily Investor Briefing: Wall Street falls for second day on...

Reuters » Daily Investor Update
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04/4/2012
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
Wall Street falls for second day on stimulus doubts
NEW YORK (Reuters) - Sstocks fell for a second day on Wednesday as investors contemplated a world without monetary stimulus and a poorly received bond auction in Spain suggested the effect of European funding operations was waning.
Businesses add jobs, service sector growth dips
NEW YORK (Reuters) - Businesses added more than 200,000 jobs in March, giving fresh evidence of recovery in the labor market, data showed on Wednesday.
Obama signs insider trading bill, wants more curbs on Congress
WASHINGTON (Reuters) - President Barack Obama called on Wednesday for stricter controls on lawmakers to confront "the corrosive influence" of money in Washington as he signed into law an insider trading ban he said was needed to help restore trust in the U.S. government.
Draghi dismisses ECB exit talk as premature
FRANKFURT (Reuters) - European Central Bank President Mario Draghi dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting, but stressed it was keeping a close eye on price pressures.
Yahoo to lay off 2,000 employees
(Reuters) - Yahoo Inc will lay off 2,000 people, or 14 percent of its workforce, in its deepest round of job cuts in years as new Chief Executive Scott Thompson tries to jumpstart growth from within a leaner, more agile company while saving hundreds of millions of dollars.
CFTC orders JPMorgan to pay $20 million in Lehman case
WASHINGTON (Reuters) - The Commodity Futures Trading Commission said on Wednesday that JPMorgan Chase & Co will pay $20 million to settle charges that it unlawfully handled customer segregated funds at Lehman Brothers Holdings Inc.
Brazil lets one Chevron accused leave, seeks bond
RIO DE JANEIRO (Reuters) - A judge in Brazil gave permission to one of the 17 Chevron and Transocean employees facing criminal charges over a November offshore oil spill to leave the country, documents released by a federal court on Wednesday showed.
Nike scores against Reebok in Tebow case
NEW YORK (Reuters) - Nike Inc on Wednesday won its bid to stop Reebok International from making, selling and shipping apparel bearing the name and number of popular New York Jets quarterback Tim Tebow.
AIG rallies to fresh high on ILFC report, Fed move
(Reuters) - American International Group shares rose nearly 7 percent to a one-year high on Wednesday on news that it could reap billions of dollars from asset sales in the near future.
Ford raises 2012 U.S. auto sales forecast
(Reuters) - Ford Motor Co President for the Americas Mark Fields announced that a solid first quarter of U.S. auto sales had caused the company to raise its 2012 forecast.
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