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Monday, August 4, 2014

Daily Investor Briefing: Wall St. ends higher with help from...

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08/4/2014
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
Wall St. ends higher with help from Berkshire
NEW YORK (Reuters) - U.S. stocks finished modestly higher on Monday, boosted by Berkshire Hathaway's results and other earnings, though gains were offset by declines in high-dividend payers in the utilities sector.
GM unit gets subpoena over subprime auto loans
WASHINGTON/NEW YORK (Reuters) - The U.S. government is investigating General Motors Co's auto financing arm over subprime auto loans it made and securitized since 2007, the company disclosed on Monday.
McDonald's says China food scandal hurting regional results
(Reuters) - McDonald's Corp said its business has been hurt by China's latest food scare that forced restaurants in the region to temporarily pull meat items from menus.
AIG profit beats estimates on strong overall growth
(Reuters) - American International Group Inc reported a better-than-expected 12.5 percent rise in quarterly profit, helped by strong performance across all its key businesses, and the insurer said it would expand its buyback program by $2 billion.
Murdoch's Fox expected to push for Time Warner deal on Wednesday
(Reuters) - Rupert Murdoch's Twenty-First Century Fox Inc is expected to make an aggressive case for merging with Time Warner Inc during its quarterly earnings call on Wednesday, though people familiar with the company's plans have said it would not use that forum to raise its bid.
HP, Autonomy trade barbs as lawsuit against ex-CFO looms
(Reuters) - Hewlett-Packard Co said it would sue former Autonomy Chief Financial Officer Sushovan Hussain as he seeks to block HP's settlement of three shareholder lawsuits over its troubled purchase of the British software company.
Deutsche Telekom unimpressed by Iliad bid for US mobile unit: sources
FRANKFURT (Reuters) - Deutsche Telekom has serious doubts about the overall attractiveness of a bid by French telecom group Iliad for its U.S. mobile unit, despite lower regulatory hurdles than a rival offer, said two people close to the company.
LinkedIn to pay nearly $6 million in U.S. Labor Department settlement
WASHINGTON (Reuters) - LinkedIn Corp has agreed to pay nearly $6 million to more than 350 current and former employees after a U.S. Department of Labor investigation found the online career-networking company violated the country's wage law.
WTO failure points to fragmented future for global trade
GENEVA (Reuters) - India has dealt a potentially fatal blow to the World Trade Organization's hopes of modernizing the rules of global commerce and remaining the central forum for multilateral trade deals.
Citigroup loses North America head of Treasury and Trade Solutions
NEW YORK (Reuters) - Citigroup Inc North America head of Treasury and Trade solutions, Andrew Gelb, leaves- memo
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