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Thursday, March 6, 2014

Daily Investor Briefing: S&P 500 ends at record on jobless data...

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03/6/2014
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
S&P 500 ends at record on jobless data
NEW YORK (Reuters) - U.S. stocks mostly rose on Thursday, with the S&P 500 closing at a record high after better-than-expected jobless claims data ahead of Friday's closely watched nonfarm payrolls report.
Three-month low in U.S. jobless claims offers hope for labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits hit a three-month low last week, suggesting some strength in a labor market that has been hobbled by severe weather.
Boeing to end pension plans for nonunion employees
NEW YORK (Reuters) - Boeing Co said on Thursday it will end pension plans for 68,000 nonunion employees, including its chief executive, marking the latest step in the company's shift away from defined-benefit plans.
Privacy groups ask regulators to halt Facebook's $19 billion WhatsApp deal
SAN FRANCISCO (Reuters) - Privacy advocates have asked U.S. regulators to halt Facebook Inc's $19 billion acquisition of messaging service WhatsApp until there is a clearer understanding of how the company intends to use the personal data of WhatsApp's 450 million users.
Fed should keep paring stimulus even if jobs growth weak: Lockhart
WASHINGTON (Reuters) - The Federal Reserve should continue to pare its massive bond-buying program even if a key jobs report due out on Friday falls short of expectations, a top Fed official said on Thursday.
Disney overhauls troubled interactive unit, lays off 700
LOS ANGELES/SAN FRANCISCO (Reuters) - Walt Disney overhauled its struggling interactive division in a sweeping reorganization that will reduce the number of video games it develops and alter its advertising strategy to focus more on the fast-changing mobile market.
Airbus orders more A380 inspections after wing fatigue test
BERLIN (Reuters) - Airbus has ordered increased inspections of A380 wings after discovering unexpected levels of metal fatigue during testing on a factory mock-up, industry sources said on Thursday.
Ex-Dewey & LeBoeuf law firm executives charged with fraud in U.S.
NEW YORK (Reuters) - Less than a month after writing that he did not want to "cook the books anymore," but facing a deadline to show lenders that Dewey & LeBoeuf had enough cash, the law firm's top finance executive emailed a colleague that he "came up with a big one," according to investigators.
Apple loses bid for U.S. ban on Samsung smartphone sales
SAN FRANCISCO (Reuters) - A U.S. judge on Thursday rejected Apple's request for a permanent sales ban in the United States against some older Samsung smartphones, a key setback for the iPhone maker in its global patent battle.
Star witness against ex-Madoff aides a liar, lawyer tells jury
NEW YORK (Reuters) - The government's star witness in the criminal trial of five former Bernard Madoff employees is a lifelong liar whose "mind-boggling" history of falsehoods robs him of any credibility, a lawyer for one defendant told a federal jury on Thursday.
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