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Thursday, May 2, 2013

Daily Investor Briefing: Wall Street closes up on tech gains,...

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05/2/2013
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 closes up on tech gains, S&P near 1,600
NEW YORK (Reuters) - Stocks closed about 1 percent higher on Thursday, led by tech shares, after weekly jobless claims figures pointed to improving labor market conditions a day before the closely watched monthly payroll report.
AIG profit falls 35 percent as premium income dips
(Reuters) - Insurer American International Group Inc's quarterly profit fell about 35 percent on lower premium income and higher claims.
Jobless claims fall sharply to five-year low
WASHINGTON (Reuters) - The number of Americans filing new jobless benefits claims fell sharply last week to its lowest level since the early days of the 2007-09 recession, a sign the job market is still healing even though the economy remains weak.
Kraft Foods profit beats Street, shares rise
(Reuters) - Kraft Foods Group Inc reported quarterly earnings that far exceeded Wall Street estimates on Thursday, sending its shares higher.
Glencore sticks to its own for top jobs in merged group
LONDON (Reuters) - Commodities trader Glencore has turned to its own internal talent for the team that will run trader and miner Glencore Xstrata after the sector's biggest takeover to date, according to a source familiar with the company.
LinkedIn second-quarter revenue forecast falls short of targets
SAN FRANCISCO (Reuters) - LinkedIn Corp forecast second-quarter revenue that fell short of expectations, sending its shares down roughly 8 percent in after hours trading on Thursday.
GM profit tops view as North America strong, Europe improves
DETROIT (Reuters) - General Motors Co posted stronger-than-expected quarterly profit on Thursday as the U.S. automaker kept a tight grip on costs in its North American and European businesses.
Ex-fund manager sentenced to prison for insider trading
NEW YORK (Reuters) - Former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 4-1/2 years in prison on Thursday for insider trading in the stock of Dell Inc and Nvidia Corp .
Analysis: Big insurers wary of entering new Obamacare markets
NEW YORK (Reuters) - The nation's largest health insurers are far from leaping at the chance to join new state health insurance exchanges under President Barack Obama's reform law, making it likely that some markets will have little or no competition next year.
British court hears Goldman deal was face saver
LONDON (Reuters) - Britain's tax authority approved a deal with Goldman Sachs partly because the U.S. bank was threatening to pull out of a new tax code, which would have embarrassed the government, a court heard on Thursday.
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