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

	Click to View in Browser 10/9/2014 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 Amazon.com 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. Related Video Icahn's Apple valuation is premature- JMP's Gauna Strong dollar will smack fourth quarter earnings: Garnick Related News US SEC needs new standards for investing in private deals: panel Old measures for New Mediocrity: James Saft A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend