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Friday, May 4, 2012

Daily Investor Briefing: Wall Street ends worst week of 2012...

Reuters » Daily Investor Update
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05/4/2012
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 ends worst week of 2012 on weak job growth
NEW YORK (Reuters) - Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world's top economy raised the biggest question mark yet about the prospects for U.S. growth.
Hiring slows, spells trouble for economy, Obama
WASHINGTON (Reuters) - Employers cut back on hiring in April and more people stopped looking for work, troubling signs for President Barack Obama whose re-election prospects could hinge on his handling of the economy.
Exclusive: Ex-Dewey executive director hires counsel: source
NEW YORK (Reuters) - Dewey & LeBoeuf has dismissed its executive director and he has retained a prominent criminal defense lawyer, a source close to the matter said, as the New York law firm suffered even more defections from its overseas offices.
Judge urges more deliberations in Android case
SAN FRANCISCO (Reuters) - A judge urged jurors to continue deliberating Oracle Corp's copyright claims against Google over the Android mobile platform, after jurors indicated they had reached unanimous agreement on all but one of the questions they must decide.
BATS says business is good, despite IPO failure
NEW ORLEANS, Louisiana (Reuters) - Even after an embarrassing failure of the company's initial public offering on its listing system in March, business at BATS Global Markets is still going strong, a company executive said.
Protesters to target 3M political contributions
(Reuters) - Opponents of corporate political donations plan to picket 3M Co's shareholder meeting on Tuesday in a bid to get the diversified U.S. manufacturer to stop making political contributions.
Buffett's lieutenants see economy picking up
OMAHA (Reuters) - All signs point to slow but steady economic growth as consumers gradually increase their spending, senior executives of Warren Buffett's conglomerate Berkshire Hathaway said on Friday.
CalSTRS says Wal-Mart top leadership in question
(Reuters) - The second-largest U.S. public pension fund said that allegations of bribery in Mexico and a cover-up by top management at Wal-Mart Stores Inc raise the question of whether top leadership should remain in place at the company.
NY judge can review BofA directors' settlement-ruling
(Reuters) - A New York judge can consider whether to approve a $20 million settlement between Bank of America Corp directors and shareholders who contend the bank overpaid for Merrill Lynch & Co, after a Delaware judge handling a similar lawsuit refused to intervene.
Oil dives 3 percent, set for biggest 3-day rout since December
NEW YORK (Reuters) - Oil tumbled nearly 3 percent on Friday, with U.S. crude below $100 a barrel for the first time since February, as an abrupt slow-down in U.S. hiring soured economic sentiment and technical triggers intensified selling.
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