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Wednesday, April 17, 2013

Daily Investor Briefing: Wall Street ends sharply lower as...

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04/17/2013
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 ends sharply lower as Apple slides
NEW YORK (Reuters) - Stocks fell in a broad market selloff Wednesday, led by a sharp fall in Apple on worries about slowing demand while weaker-than-expected results from Bank of America pressured the financial sector.
EBay quarterly revenue climbs 14 percent
SAN FRANCISCO (Reuters) - EBay Inc said on Wednesday that first-quarter revenue rose 14 percent as more consumers shopped on the company's online marketplace and used PayPal to pay for their purchases.
Global business group prods WTO to reach customs deal this year
WASHINGTON (Reuters) - An international business group is urging World Trade Organization members to strike a deal to simplify global customs procedures at a trade ministers meeting in Bali in December to prove the WTO is still a force for trade liberalization.
Bank of America revenue drops, legal settlement stings
(Reuters) - Bank of America Corp revenue fell across almost all its businesses in the first quarter, and the bank was further hit by a legal settlement for mortgages, highlighting the difficulties Chief Executive Brian Moynihan faces in moving past the housing crisis.
Exclusive: Roper nears $1 billion healthcare acquisition -sources
NEW YORK (Reuters) - Diversified manufacturer Roper Industries Inc is in advanced talks to buy Managed Health Care Associates, a privately held healthcare services provider, for about $1 billion, two people familiar with the matter said on Wednesday.
American Girl powers Mattel growth as Barbie loses sheen
(Reuters) - Chubby-faced American Girl dolls and the "descendants" of Dracula and Frankenstein's monster are helping Mattel Inc boost sales to pre-teen girls as its iconic Barbie franchise shows signs of aging.
Switzerland, U.S. consider solution to tax dispute
ZURICH (Reuters) - The Swiss and U.S. governments are considering a possible solution to a long-running dispute over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax.
Plan for new Cyprus vote casts uncertainty on bailout
NICOSIA, April 17 - A 10 billion euro aid deal to save Cyprus from bankruptcy has been thrown into fresh uncertainty with news that the country's fractious parliament will vote on the final package.
Exxon has no estimate for restart of Pegasus oil pipeline
WASHINGTON (Reuters) - Exxon Mobil Corp said on Wednesday it had no estimate for the restart of a pipeline that spilled 5,000 barrels of oil in a small Arkansas town last month and sparked debate about the safety of carrying heavy crude from Canada across the United States.
Italy prosecutors pursue Nomura assets in Europe
SIENA/MILAN (Reuters) - Italian prosecutors took steps in Germany and Britain on Wednesday to carry out the seizure of up to 1.95 billion euros ($2.6 billion) of assets from Japan's Nomura , which they say is needed to halt further losses from Italy's Monte dei Paschi bank.
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