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Friday, April 4, 2014

Daily Investor Briefing: Momentum stocks hit Wall Street;...

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04/4/2014
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
Momentum stocks hit Wall Street; Nasdaq off 2.6 percent
NEW YORK (Reuters) - U.S. stocks fell on Friday as momentum shares like Netflix and TripAdvisor sold off for a second straight session, giving the Nasdaq its biggest daily percentage loss since early February.
U.S. jobs market shakes off winter's icy grip
WASHINGTON (Reuters) - U.S. employers hired at a brisk pace last month and ramped up the hours their workers put in on the job, the strongest signals yet the economy was breaking free of its winter doldrums.
SEC charges trading firm owner, others in 'spoofing' case
WASHINGTON (Reuters) - U.S. securities regulators filed charges against two trading firms and five individuals on Friday in a case involving an illegal manipulative trading practice known as "spoofing."
Exclusive: Enbridge plans to re-export Canadian oil via United States
NEW YORK (Reuters) - Enbridge Inc has obtained a license to re-export Canadian oil from the United States, becoming the first company to publicly confirm a move that could fuel debate over U.S. trade policy and oil sands pipelines.
Hillshire to close 70-year-old Alabama plant, cut 1,100 jobs
(Reuters) - Hillshire Brands Co on Friday said it will close its Florence, Alabama, plant, the site of its breakfast sandwich and breakfast sausage cooking operations, and cut roughly 1,100 jobs by December 30.
Exclusive: Boeing says gets U.S. license to sell spare parts to Iran
WASHINGTON/PARIS (Reuters) - Boeing Co , the world's biggest airplane maker, on Friday said it had received a license from the U.S. Treasury Department to export certain spare parts for commercial aircraft to Iran under a temporary sanctions relief deal that began in January.
Apple, Intertrust settle year-old patent suit
(Reuters) - Apple Inc has agreed to settle a year-old patent infringement lawsuit with Intertrust Technologies Corp, a software firm owned by a group that includes Sony Corp and Philips, according to court filings.
Etihad's proposal for Alitalia not seen before Monday: sources
MILAN/ROME (Reuters) - Etihad Airways' proposal to start formal talks on its potential investment in Alitalia is not expected before Monday, two sources close to the matter said, cooling expectations that negotiations with the Italian airline would gain traction this weekend.
U.S. probing high-speed trading, attorney general says
WASHINGTON (Reuters) - The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday.
Lululemon prevails in lawsuits over yoga pants recall
NEW YORK (Reuters) - A lawsuit accusing Lululemon Athletica Inc of defrauding shareholders by hiding defects in some yoga pants that led to a costly recall and caused the retailer's stock price to fall should be dismissed, a U.S. judge said.
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