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Thursday, July 10, 2014

Daily Investor Briefing: Exclusive: Billionaire activist Carl...

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07/10/2014
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
Exclusive: Billionaire activist Carl Icahn says 'time to be cautious' on U.S. stocks
(Reuters) - Billionaire activist investor Carl Icahn said on Thursday that it is time for investors to tread carefully after the run-up in U.S. stock markets.
Wall St. slips on Portugal's bank woes
NEW YORK (Reuters) - U.S. stocks fell on Thursday as concerns about the financial health of Portugal's top listed bank gave investors a reason to cash in recent gains.
Drop in U.S. jobless claims points to healing in labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week to one of its lowest levels since before the 2007-09 recession, a sign of increasing health in the labor market.
Chesapeake faces trial on bid-rigging in Michigan lease sale
(Reuters) - A judge in Michigan has ruled that Oklahoma-based Chesapeake Energy Corp must face a criminal trial on a charge of bid-rigging with competitor Encana Corp at a 2010 state land lease auction, citing evidence of a conspiracy between the companies that drove state lease prices down sharply.
U.S. sues Amazon for kids' charges without parental consent
WASHINGTON (Reuters) - Amazon.com was sued on Thursday by the U.S. government for allowing children to use mobile apps to rack up millions of dollars in charges without getting permission from parents, who were stuck with the bills.
Exclusive: Commerzbank may pay $600 million-$800 million to settle U.S. probe - sources
NEW YORK (Reuters) - Germany's second-biggest bank Commerzbank AG is expected to pay $600 million to $800 million to resolve investigations into its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said.
Lessor SMBC nears potential $10 billion Airbus order: sources
LONDON (Reuters) - Irish leasing company SMBC Aviation Capital is in advanced talks to buy around 100 Airbus aircraft, setting the stage for what could be one of the largest order announcements at next week's Farnborough Airshow, two people familiar with the matter said.
Miami's mortgage discrimination suits against Citi, Wells dismissed
(Reuters) - A federal judge has dismissed mortgage discrimination lawsuits filed by the City of Miami against Citigroup Inc and Wells Fargo & Co, following the dismissal of a similar lawsuit against Bank of America Corp earlier this week.
U.S. banks to lose profit cushion of releasing bad-loan reserves
NEW YORK (Reuters) - A popular way for big U.S. banks to boost profits may have run its course.
France says won EU backing on takeovers law, EU says will monitor
PARIS (Reuters) - France has won EU backing for a decree allowing the government to block foreign takeovers of French companies in strategic industries, its economy minister said on Thursday, but the European Commission cautioned it would monitor the law closely.
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