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Thursday, October 9, 2014

Daily Investor Briefing: Drop in jobless claims points to...

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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
Drop in jobless claims points to labor market strength
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.
Wall St. ends sharply lower on global growth worries
NEW YORK (Reuters) - U.S. stocks ended sharply lower on Thursday on lingering concern about the strength of the global economy and its effect on corporate earnings.
Icahn urges 'undervalued' Apple to buy back more shares
(Reuters) - Billionaire activist investor Carl Icahn said Apple Inc's shares could double in value and urged the company's board to buy back more shares using its $133 billion cash pile.
Morgan Stanley uses client cash to chase private equity profits
(Reuters) - Morgan Stanley is embracing the financial reforms intended to curb its animal spirits to generate bigger profits.
Former Fed Chair Bernanke takes stand in AIG bailout trial
WASHINGTON (Reuters) - Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government's bailout of American International Group in 2008, in a fourth day of testimony by former top government officials looking to convince a federal judge that the rescue of the insurance company was legal.
Security software maker Symantec to split into two public companies
(Reuters) - Symantec Corp , known for its Norton antivirus software, said it will split into two publicly traded entities - one that sells security programs and another that does information management.
Exclusive: Sightseeing firm Big Bus Tours hires JPMorgan for sale - sources
LONDON/ABU DHABI (Reuters) - One of the world's largest operators of open-top sightseeing tours, Big Bus Tours, has hired JPMorgan to find a buyer in a deal that could value the travel firm at close to 500 million pounds ($810 million), sources familiar with the situation said.
Amazon set to open first physical store: WSJ
(Reuters) - Online retailer Inc plans to open its first physical store in midtown Manhattan, the Wall Street Journal reported, citing people familiar with the matter.
Fed has not ruled out asset sales if needed, Williams says
LAS VEGAS (Reuters) - A top Federal Reserve official said on Thursday that while the Fed does not expect its large balance sheet to ignite inflation, if its forecasts are wrong the U.S. central bank has the tools to keep inflation from rising out of control
Bill Gross, in his 'second life,' says Janus role is simpler
NEW YORK (Reuters) - Bill Gross, in his first public appearance since his shocking departure from Pimco, said there will be more flexibility in managing less money at Janus Capital Group Inc , but said he was disappointed over being forced to leave Pimco.
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