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Tuesday, April 30, 2013

Daily Investor Briefing: S&P 500 ends at record high on Apple,...

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04/30/2013
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 ends at record high on Apple, economic data
NEW YORK (Reuters) - Stocks rose moderately on Tuesday, with the S&P 500 ending at another all-time closing high on a jump in Apple and encouraging economic data.
Berkshire size, Buffett age cloud annual gathering
(Reuters) - Warren Buffett may be on safari for major acquisitions, which he likes to call elephants, but shareholders may wonder if his Berkshire Hathaway Inc has become the biggest elephant in the room.
Exclusive: Ride service Uber raising cash at $1 billion valuation
SAN FRANCISCO (Reuters) - Ride-sharing service Uber is raising a new funding round at a valuation of $1 billion, according to a person familiar with the situation.
Apple wows market with record $17 billion bond deal
NEW YORK/LONDON, April 30 (IFR) - Apple Inc wowed the debt markets on Tuesday with the largest non-bank bond deal in history, offering a whopping $17 billion for sale as the U.S. computer giant switches strategy to placate restless shareholders.
Ireland may spend any spare budget cash rather than ease austerity
DUBLIN (Reuters) - Ireland may spend any spare cash from future budgets rather than ease austerity measures, Finance Minister Michael Noonan said on Tuesday, after it left its plans to cut spending by 5.1 billion euro ($6.7 billion) for the next two years unchanged.
Cyprus bailout scrapes through island's parliament
NICOSIA (Reuters) - Cyprus's parliament approved an EU bailout on Tuesday which will force it to wind down its second-largest bank and impose heavy losses on uninsured depositors at another, conditions that have intensified calls from islanders to exit the euro.
Western Union profit falls 14 percent
(Reuters) - Western Union Co , the world's largest money transfer company, reported a 14 percent fall in quarterly profit on lower transaction fees from its consumer business.
Wells Fargo in $105 million pact over Medical Capital: court papers
(Reuters) - Wells Fargo & Co agreed Tuesday to pay $105 million to settle an investor lawsuit over its role as trustee for debt issued by a financing company that fell apart in a billion-dollar fraud in 2009, court papers show.
Home prices rise, seen helping economic recovery
WASHINGTON (Reuters) - Home prices rose in February at their fastest rate in almost seven years, a fresh sign the housing market recovery will help counter the drag on the economy from government belt tightening.
Analysis: After the 787 crisis, risks still loom for Boeing
SEATTLE (Reuters) - Boeing Co's 787 Dreamliner is carrying passengers again after a three-month ban on flights, but the company still faces potent risks related to the new, high-tech plane.
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