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Thursday, July 19, 2012

Daily Investor Briefing: Wall Street rises, S&P 500 at 2...

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07/19/2012
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 rises, S&P 500 at 2 1/2-month high
NEW YORK (Reuters) - Stocks rose on Thursday for a third straight day, with the S&P 500 at a 2-1/2 month high as earnings from technology companies as well as hopes for more monetary stimulus outweighed weak economic data.
Google reports $12.2 billion in second-quarter revenue
(Reuters) - Google Inc's core Internet business boosted revenue 21 percent in the second quarter, while its recently acquired Motorola Mobility business raised Google's overall revenue to $12.21 billion.
Data shows economy mired in weakness
WASHINGTON (Reuters) - The slowdown in the U.S. economy persisted early in the third quarter with factory activity in the U.S. Mid-Atlantic region contracting in July for a third straight month and new claims for jobless aid surging last week.
Microsoft reports quarterly loss after charge
NEW YORK (Reuters) - Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced charge for writing down the value of its ailing online unit.
Morgan Stanley plans further staff cuts on weak outlook
(Reuters) - Morgan Stanley expects to reduce payroll by just over 1,000 employees by the end of this year, part of a plan to cut headcount by 7 percent as measured from the end of 2011, as it prepares for weak economic growth globally and low trading volume, the investment bank said on Thursday.
Exclusive: Ex-Goldman mortgage chief plans foreclosed home fund
By Matthew Goldstein, Jennifer Ablan and Lauren Tara LaCapra
Facebook, Wal-Mart chiefs meet to "deepen" relationship
(Reuters) - Facebook Inc Chief Executive Mark Zuckerberg is about to add the biggest retail players to his list of friends.
GM announces production of Chevrolet Trax in Mexico
MEXICO CITY (Reuters) - U.S. carmaker General Motors Co. on Thursday said it would build the Chevrolet Trax vehicle and a new generation of pickups at plants in Mexico.
Fitch affirms Italy's last single-A rating, outlook negative
MILAN/NEW YORK (Reuters) - Fitch Ratings affirmed Italy's long-term sovereign debt rating at 'A-' on Thursday, averting for now the threat of aggressive forced selling by bond traders if the country had lost its only remaining single-A mark.
Court allows AMR to keep reins on bankruptcy until December
NEW YORK (Reuters) - American Airlines' bankrupt parent AMR Corp won court approval on Thursday to extend through December 28 its exclusive right to present a plan to emerge from bankruptcy.
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