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Monday, July 22, 2013

Daily Investor Briefing: Wall St. edges higher despite...

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07/22/2013
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 St. edges higher despite McDonald's disappointment
NEW YORK (Reuters) - The S&P 500 notched a third consecutive record closing high on Monday and major indexes rose, though disappointing McDonald's earnings kept the Dow from making significant gains.
Home sales take a breather, but prices hit five-year high
WASHINGTON (Reuters) - U.S. home resales unexpectedly fell in June after two straight months of hefty increases, but a surge in prices to a five-year high suggested the housing market recovery remained on course.
Exclusive: Vivendi to announce Maroc Telecom sale to Etisalat - sources
LONDON/PARIS (Reuters) - French conglomerate Vivendi is set to announce the sale of its 53 percent stake in Maroc Telecom to Dubai-based Etisalat in one of the biggest emerging market deals this year, three sources with direct knowledge of the situation said.
Apple developer site shuttered four days after attack
BOSTON (Reuters) - A website that Apple Inc uses to communicate with its community of some 6 million software developers remained shuttered on Monday, four days after a cyber attack that prompted a harried upgrade to prevent future breaches.
Glaxo says executives appear to have broken Chinese law
LONDON/SHANGHAI (Reuters) - British drugmaker GlaxoSmithKline said on Monday some of its executives in China appeared to have broken the law in a bribery scandal, as it promised changes in its business model that would lower the cost of medicine in the country.
Jaguar to launch mass market range in 2015: sources
LONDON (Reuters) - British luxury carmaker Jaguar will launch new affordable models from 2015 in a bid to emulate the success of lower cost luxury vehicles made by its sister company Land Rover, two sources close to the company said on Monday.
McDonald's signals weak 2013 as U.S. rivals, Europe economy bite
(Reuters) - McDonald's Corp on Monday dashed investor hopes that its business would strengthen in the second half of the year, blaming tougher competition in the U.S. and weaker sales in Europe.
Strong showing for Hasbro games business lifts shares
(Reuters) - Sales of Hasbro Inc games, including "Monopoly" and "Magic: The Gathering," jumped 19 percent in the second quarter, suggesting the No. 2 toymaker may be shoring up a weak area that could help offset a steady decline in demand for action figures.
Federal judge sets first hearing in Detroit bankruptcy case
DETROIT (Reuters) - A federal court judge has set the first hearing in Detroit's bankruptcy case for Wednesday to take up the city emergency manager's request to put state lawsuits challenging the bankruptcy filing on hold.
Dexia says will take 59 million euro charge for Detroit debt
BRUSSELS (Reuters) - Nationalized Franco-Belgian bank Dexia said on Monday it would take a 59 million euro (US$77.84 million) charge in its second-quarter income related to debt holdings from the U.S. city of Detroit.
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