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Thursday, January 10, 2013

Daily Investor Briefing: Wall Street climbs as China data puts...

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01/10/2013
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 climbs as China data puts S&P back at five-year high
NEW YORK (Reuters) - Stocks rose on Thursday and the S&P 500 ended at a fresh five-year high as stronger-than-expected exports from China spurred optimism about global growth prospects.
Jobless claims rise, but jobs market recovery intact
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, the Labor Department said on Thursday, but details of the report suggested the jobs market continued to grow at a moderate pace.
American Express to cut 5,400 jobs, take charges in fourth quarter
(Reuters) - American Express Co said it would cut about 5,400 jobs, and take about $600 million in after-tax charges in the fourth quarter, which will halve its net income for the period.
Exclusive: Private equity eyed Legg Mason but were spurned - sources
NEW YORK (Reuters) - Legg Mason Inc has been approached in recent months by some of its senior managers and private equity firms with plans to take the struggling asset manager private, but the board has decided against exploring that option at least until the company has a new chief executive, three sources said.
Wal-Mart CEO knew of Mexico bribe claim: lawmakers
WASHINGTON/CHICAGO (Reuters) - Lawmakers increased public pressure on Wal-Mart Stores Inc on Thursday by releasing company emails they said contradicted prior statements about when senior executives knew of bribery allegations tied to its Mexican affiliate.
Ford doubles dividend to highest in seven years
(Reuters) - Ford Motor Co doubled its quarterly dividend on Thursday to 10 cents per share, its highest in seven years, betting it can boost earnings even as it tries to staunch losses in Europe and deal with flagging market share in the United States.
ICE would weigh Euronext sale for right offer: sources
LONDON/FRANKFURT (Reuters) - IntercontinentalExchange would consider selling Euronext as an alternative to floating it if bids for the European stock market emerge during ICE's planned $8.2 billion takeover of NYSE Euronext, three sources close to the exchange said.
Ex UBS boss blames "mercenaries" for Libor debacle
LONDON/ZURICH (Reuters) - The former chief executive of UBS blamed "mercenaries" for its role in the global interest-rate rigging scandal that has further undermined the Swiss bank's once venerable reputation.
Consumer watchdog tightens mortgage rules on banks
WASHINGTON (Reuters) - The government's consumer finance watchdog said on Thursday it will force banks to use new criteria to determine whether a borrower can repay a home loan, in an effort to avert the kind of loose lending that helped push the economy into recession.
GM to open third U.S. tech center, hire 1,000 people
DETROIT (Reuters) - General Motors Co will open a third U.S. information technology center as part of its plan to bring that work in-house and improve the automaker's efficiency and productivity.
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