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Wednesday, March 28, 2012

Daily Investor Briefing: Wall Street eases as energy and...

Reuters » Daily Investor Update
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03/28/2012
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 eases as energy and materials sectors weigh
NEW YORK (Reuters) - Stocks declined on Wednesday as sliding oil and metals prices gave investors a reason to sell commodity-related shares.
Hawker Beechcraft readies bankruptcy filing: sources
NEW YORK/WASHINGTON D.C. (Reuters) - Hawker Beechcraft Inc, the aircraft manufacturer owned by Goldman Sachs Group Inc's private equity arm and Onex Corp , is preparing to file for bankruptcy protection, according to people familiar with the matter.
MF Global executive refuses to testify before Congress
WASHINGTON (Reuters) - A finance executive at MF Global Holdings Ltd invoked her right against self-incrimination as lawmakers heard from officials who played critical roles in the final days of the futures brokerage, when a huge and still unexplained shortfall in customer money surfaced.
Google proposes Android revenue for Oracle: filing
(Reuters) - Google proposed to pay Oracle a percentage of Android revenue if Oracle could prove patent infringement of the mobile operating technology at an upcoming trial, but Oracle rebuffed the offer as too low, according to a court filing late on Tuesday.
Durable goods orders hint at weak first quarter
WASHINGTON (Reuters) - New orders for long-lasting U.S. factory goods increased only modestly in February, supporting the view that economic growth in the first quarter could be lackluster.
Oil falls on rise in crude stocks, reserves talk
NEW YORK (Reuters) - Oil prices fell on Wednesday as a big rise in U.S. crude inventories and the prospect the United States and some European nations might tap strategic reserves sent futures into retreat.
Facebook halts secondary market trading before IPO
SAN FRANCISCO (Reuters) - Social networking site Facebook is halting the sale of its shares on secondary markets effective next week, aiming to reduce churn in its valuation which could complicate matters as it sets an IPO price, a person familiar with the situation said on Wednesday.
Opel skirts plant closures to avoid labor brawl
FRANKFURT (Reuters) - European carmaker Opel avoided conflict with the unions on its board on Wednesday, preferring to return to the negotiating table rather than ram through thousands of job cuts in Germany and Britain.
More CEOs ready to start hiring again: survey
(Reuters) - U.S. chief executives' view of the economy brightened in the first quarter of 2012, with a growing number ready to hire more workers over the next six months, according to a Business Roundtable survey.
Bank of America CEO made $8.1 million in 2011
(Reuters) - Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.
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