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Thursday, August 14, 2014

Daily Investor Briefing: Wall Street rises on hopes Ukraine...

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08/14/2014
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 Street rises on hopes Ukraine conflict won't escalate
NEW YORK (Reuters) - U.S. stocks ended higher on Thursday after conciliatory comments from Russia helped ease concerns about escalation of the conflict in Ukraine and offset some uninspiring earnings reports.
Jobless claims up, trend favors strong labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the increase did little to change views that the labor market was strengthening.
Berkshire Hathaway stock hits new milestone at $200,000
(Reuters) - Berkshire Hathaway Inc's share price on Thursday surpassed and closed above $200,000 for the first time, the latest milestone for a company that Warren Buffett has built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.
Electrolux, others in talks to buy GE's appliances business
STOCKHOLM/NEW YORK (Reuters) - World number two home appliances maker Electrolux said it was in talks to buy General Electric's household appliances business, seeking to increase its foothold in North America which is growing faster than its other main markets in Europe.
Rail oil tankers, victim of U.S. safety rules, also unwanted in Canada
WASHINGTON/CALGARY (Reuters) - Thousands of oil train tankers soon to be deemed obsolete in the United States are unlikely get a second life in Canada's oil sands industry, undercutting a U.S. government forecast that the costly cars will continue in use in the energy sector.
Top U.S. hedge funds up Dollar General, Walgreen stakes
(Reuters) - Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.
SEC charges Linkbrokers in $18 million securities fraud scheme
(Reuters) - The U.S. Securities and Exchange Commission said it charged brokerage Linkbrokers Derivatives LLC for taking profits of more than $18 million from customers by secretly manipulating the cost of securities trades processed by the firm.
Wal-Mart cuts forecast as it spends more on healthcare, online
(Reuters) - Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business.
Argentina calls hedge funds in debt case an 'international mafia'
BUENOS AIRES (Reuters) - The hedge funds suing Argentina over its 2002 debt default are an "international mafia" out to wreck the country's finances, the government said on Thursday, pumping up the rhetoric in a battle that is squeezing the struggling Argentine economy.
Deutsche Bank, BayernLB agree to settle $810 million U.S. suit
FRANKFURT (Reuters) - Deutsche Bank, Germany's largest bank, and state-backed lender BayernLB [BAYLB.UL] have agreed to settle an $810 million lawsuit in connection with residential mortgage-backed securities, or RMBS, that Deutsche sold to BayernLB.
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