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Wednesday, April 23, 2014

Daily Investor Briefing: Facebook first-quarter revenue grows...

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04/23/2014
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
Facebook first-quarter revenue grows 72 percent
SAN FRANCISCO (Reuters) - Facebook Inc's mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target.
U.S. new home sales hint at prolonged housing weakness
WASHINGTON (Reuters) - Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.
Apple expands buybacks by $30 billion, OKs seven-for-one stock split
SAN FRANCISCO (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors.
Wall Street slips; six-session winning streak ends
NEW YORK (Reuters) - U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector.
Buffett says abstained from voting on Coca-Cola's compensation plan
(Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway , on Wednesday said he thinks Coca-Cola's controversial equity compensation plan was excessive, but that Berkshire Hathaway abstained in the shareholders vote.
Qualcomm posts higher second-quarter revenue but misses Street
SAN FRANCISCO (Reuters) - Qualcomm Inc , the leading mobile chipmaker, posted higher fiscal second-quarter revenue but missed analysts' expectations as it faces a smartphone market that is losing steam and shifting to China.
Zynga's Pincus withdraws further from operations
SAN FRANCISCO (Reuters) - Zynga Inc co-founder Mark Pincus will relinquish the last of his operational duties at the social gaming company starting Wednesday, taking on an advisory role as chief executive Don Mattrick pushes through a restructuring plan.
U..S consumer bureau to test electronic mortgage closings
WASHINGTON (Reuters) - Borrowers seeking to buy a new home say they often do not have time to read final mortgage documents and sometimes find mistakes in their paperwork, the U.S. consumer watchdog said in a report on Wednesday.
Strong U.S. defense firm profits defy regular gloomy warnings
WASHINGTON (Reuters) - U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.
Boeing cash register rings again, sending shares higher
(Reuters) - Rising jet production helped Boeing Co generate substantial cash in the latest quarter, and the company said on Wednesday that it lavished the rewards on shareholders, sending its stock higher.
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