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Wednesday, May 8, 2013

Daily Investor Briefing: News Corp quarterly profit, revenue...

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05/8/2013
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
News Corp quarterly profit, revenue rise
(Reuters) - Rupert Murdoch's News Corp reported higher earnings and revenue for its fiscal third quarter, aided by the purchase of a controlling stake in German pay TV operator Sky Deutschland and growth at cable networks.
Freddie Mac posts second-biggest profit in its history
WASHINGTON (Reuters) - Freddie Mac , the No. 2 provider of U.S. mortgage money, posted its second-largest quarterly profit in company history in the first quarter due to rising home prices, falling mortgage delinquencies and increased refinance activity.
Wall Street rallies with Dow, S&P at records again
NEW YORK (Reuters) - Stocks pushed further into record territory on Wednesday, driving the S&P 500 to an all-time high close for a fifth day, helped by strength in financials and technology.
Enron's Skilling reaches deal for shortened sentence
(Reuters) - Jeffrey Skilling, the former chief executive of Enron Corp, has reached an agreement with federal prosecutors that could shorten his 24-year prison term in connection with the collapse of the energy company.
U.S. can pursue case against Bank of America over mortgages
(Reuters) - A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac , boosting a largely untested legal theory the government used in the case.
Microsoft names insider Amy Hood as CFO
SEATTLE (Reuters) - Microsoft Corp on Wednesday named Amy Hood, head of finance of its Office division, as its new chief financial officer.
Exclusive: Dubai Group aims to close $10 billion debt deal by June 6 - sources
DUBAI (Reuters) - Dubai Group, an investment vehicle owned by the emirate's ruler, aims to secure a final agreement with creditors on its $10 billion debt restructuring by June 6, potentially ending marathon negotiations that have dragged on nearly three years.
U.S. companies' overseas earnings hit record $1.9 trillion: study
NEW YORK (Reuters) - Large U.S. companies boosted their offshore earnings by 15 percent last year to a record $1.9 trillion, avoiding hefty tax bills by keeping the profits abroad, according to a new report.
NTSB orders scans of Boeing 787 battery as flights resume
NEW YORK (Reuters) - The lithium-ion batteries used in Boeing Co's 787 Dreamliner are getting x-ray scans to help investigators determine what caused them to overheat and in one case catch fire.
Boeing warns against U.S. Ex-Im Bank closure
LONDON (Reuters) - Closure of the U.S. Export-Import Bank would have very serious consequences for planemaker Boeing Co and hand a competitive advantage to its rival Airbus , a senior executive at Boeing's financing arm said.
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