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Thursday, March 28, 2013

Daily Investor Briefing: S&P 500 closes at new record, ends...

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03/28/2013
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
S&P 500 closes at new record, ends strong quarter
NEW YORK (Reuters) - The S&P 500 set a record closing high on Thursday, finishing a fifth consecutive month of gains to extend a four-year long rally.
Exclusive: Cerberus seeks to bankroll investor landlords
NEW YORK (Reuters) - Private equity firm Cerberus Capital Management wants to provide financing to small investment firms that are buying foreclosed homes as part of a long-term bullish bet on the housing recovery, according to four sources familiar with the situation.
Jobless claims rise, but GDP data shows more growth
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, but not enough to suggest the labor market recovery was taking a step back.
Analysis: Underappreciated consumer stars in S&P 500 rally
NEW YORK (Reuters) - Investors who had bet on the American consumer even as the U.S. economy was entering the Great Recession are the biggest winners as the S&P 500 stock index set a new closing record on Thursday.
White House to release budget plan on April 10
WASHINGTON (Reuters) - The White House will release its budget proposal for fiscal year 2014 on April 10, it said on Thursday.
Cyprus bank controls to last a month, minister says
NICOSIA (Reuters) - Cyprus conceded on Thursday that tight capital controls would remain in force longer than expected as the island's banks reopened for the first time after the government was forced to accept a tough EU rescue package to avoid bankruptcy.
EBay sets aggressive 2015 targets, shares climb
SAN FRANCISCO (Reuters) - EBay Inc has set aggressive three-year targets for its online marketplace and payments businesses, executives said on Thursday, and the company's shares rose more than 4 percent.
Greek court rules deliberations in suit against Reuters invalid
ATHENS (Reuters) - A Greek court has ruled deliberations in a lawsuit by Piraeus Bank against Reuters over a story it published were inadmissible on technical grounds.
Boeing CEO urges FAA to return 787 to service, delays continue
WASHINGTON (Reuters) - - Boeing Co Chief Executive Jim McNerney on Thursday urged regulators reviewing battery problems on the company's grounded 787 passenger jet to let the plane back into service, saying he was confident the redesigned battery was safe.
Aging vehicles leave Toyota North America chief optimistic on new sales
NEW YORK (Reuters) - Toyota Motor Corp's top North American executive on Thursday voiced optimism about the U.S. economy, and said the aging cars and trucks in consumers' garages will continue to drive industry demand this year.
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