Daily Investor Briefing: Wall St snaps 4-day advance after...

02/29/2012 Wall St snaps 4-day advance after Bernanke comments NEW YORK (Reuters) - U.S. stocks slipped on Wednesday, snapping a four-day winning streak after comments from U.S. Federal Reserve Chairman Ben Bernanke disappointed investors hoping for a strong signal of more stimulus. Factory, income data support growth outlook WASHINGTON (Reuters) - The economy grew slightly faster than initially thought in the fourth quarter and a gauge of factory activity in the Midwest hit a 10 month-high in February, pointing to underlying strength in the economy. Facebook woos Madison Ave in pre-IPO mobile push NEW YORK/SAN FRANCISCO (Reuters) - Facebook unveiled new ways for businesses to plug their brands, including to mobile users for the first time, allowing them reach its 845 million users directly across all devices as it races toward a multibillion dollar IPO. Second cheap money round hard to resist for Europe banks MILAN/LONDON (Reuters) - A feeding frenzy on cheap European Central Bank funding, led by Italian banks such as Intesa Sanpaolo and even non-euro zone rivals like Lloyds , offers a quick fix but a longer-term headache. Bernanke warns of slow progress ahead on jobs WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the U.S. economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery. Peugeot, GM alliance targets annual $2 billion in savings FRANKFURT/PARIS (Reuters) - General Motors Co and PSA Peugeot Citroen will seek to squeeze a joint $2 billion annually from a global platforms-to-purchasing alliance, but the savings will not be fully realized for five years, the automakers said on Wednesday. Economy expanding moderately: Fed Beige Book WASHINGTON (Reuters) - The Federal Reserve said the U.S. economy expanded modestly in January through mid-February as hiring picked up a bit across several districts. Former top Citigroup executive Terri Dial dies (Reuters) - Terri Dial, a former senior executive of some of the world's largest banks and one of the leaders of Citigroup's post-crisis restructuring, has died. Analysis: Critics question cost as consultants nip and tuck SEC WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission is spending millions of dollars on consultants to streamline the agency, but SEC insiders and at least one lawmaker are questioning whether the SEC is getting its money's worth. BlackRock CEO Fink says equities are still cheap NEW YORK (Reuters) - BlackRock Chairman and CEO Laurence Fink said on Wednesday he still believes U.S. equities are attractive even with their solid rise so far this year. Related Video Windows 8 gets public test drive Fed Chief talks jobs Related News Tax breaks a bright spot for job hunters Engage clients online to get an edge 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