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Friday, August 2, 2013

Daily Investor Briefing: Fed's Bullard: drop in jobless a step...

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08/2/2013
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
Fed's Bullard: drop in jobless a step closer to QE exit threshold
BOSTON (Reuters) - July's drop in the unemployment rate takes the nation closer to a 7 percent threshold outlined by Federal Reserve Chairman Ben Bernanke as the point around which the central bank would likely end bond purchases, a top Fed official said on Friday.
U.S. hiring slows in July but jobless rate falls to four-year low
WASHINGTON (Reuters) - U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, a pair of mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program.
Michael Dell closes in on prize with sweeter $25 billion deal
NEW YORK/ROUND ROCK, Texas (Reuters) - Dell Inc and Chief Executive Michael Dell clinched a new $25 billion deal on Friday, boosting the bid and offering a special dividend in hopes of ending months of wrangling with opponents of the founder's proposed buyout of the world's No. 3 PC maker.
Wall St. edges up after payrolls report
NEW YORK (Reuters) - Stocks ended slightly higher on Friday after data showed the jobless rate fell in July but U.S. hiring slowed, which could make the Federal Reserve more cautious about scaling back its stimulus plan.
Chevron profit drops on cheaper oil, slim refining margins
(Reuters) - Chevron Corp posted on Friday a steeper-than-expected 26 percent drop in quarterly profit on softer oil prices and thinner refining margins.
Exclusive: Compuware takes another shot at a sale - sources
NEW YORK (Reuters) - Management software company Compuware Corp has renewed efforts to sell itself, courting not just the buyers of rival BMC Software Inc but also CA Technologies Inc and other buyout firms, several people familiar with the matter said.
Yahoo buys browser RockMelt to bolster mobile, networking
SAN FRANCISCO (Reuters) - Yahoo Inc acquired social Web browser company Rockmelt, the latest move by the struggling Web portal to scoop up technology and engineering talent that could bolster its mobile and social networking efforts.
New data leads to restated annual sales rates for U.S. auto sector
DETROIT (Reuters) - The U.S. auto industry's weaker-than-expected overall sales results for July disappeared on Friday after the federal government released updated data used to compute the annual sales rate each month.
U.S. wins trade dispute with China over chicken parts
GENEVA/WASHINGTON (Reuters) - The United States won a long-running trade dispute with China on Friday when the World Trade Organization found Beijing had broken global rules by imposing anti-dumping duties on U.S. chicken broiler parts.
Former Green Mountain employee charged in insider trading scheme
NEW YORK (Reuters) - A former employee of Green Mountain Coffee Roasters Inc has been charged with participating in an insider trading scheme that netted him and a friend $7 million, the U.S. Securities and Exchange Commission said on Friday.
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