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Friday, April 6, 2012

Daily Investor Briefing: Wall Street Week Ahead: Will earnings...

Reuters » Daily Investor Update
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04/6/2012
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 Week Ahead: Will earnings spark further declines?
NEW YORK (Reuters) - Since October, estimates for first-quarter earnings growth have tumbled while the S&P 500 has surged. With the earnings season starting next week, the outlook is not as sunny as in previous quarters.
Jobs recovery suffers setback in March
WASHINGTON (Reuters) - Employers hired far fewer workers in March than in previous months, keeping the door open for the Federal Reserve to provide more monetary support for a still sluggish economy.
Treasury freezes pay for CEOs at Ally Financial, GM, AIG
WASHINGTON (Reuters) - The Treasury Department said on Friday that overall compensation for the chief executives of the final three firms that got "exceptional" bailout assistance during the financial crisis has been frozen for the second year in a row.
U.S. court wary of Apple request to block Samsung
WASHINGTON (Reuters) - A U.S. appeals court on Friday showed few signs that it was prepared to support a request by Apple Inc to block immediately the sale of some Samsung Electronics smartphones and tablets.
J.C. Penney cuts 1000 jobs at headquarters, Pittsburgh
(Reuters) - J.C. Penney Co Inc laid off about 1000 employees at its headquarters in Plano, Texas and Pittsburgh customer call center, as part of its previously announced cost cutting measures, the company said in a regulatory filing on Friday.
Yahoo products chief leaves company ahead of reorganization
SAN FRANCISCO (Reuters) - Yahoo Inc's head of products is leaving the company, ahead of a major reorganization aimed to return the struggling Web company to growth.
Disappointing March jobs report sends futures lower
NEW YORK (Reuters) - Stock futures closed lower on Friday in brief, holiday-thinned trading after a much weaker-than-expected report on U.S. job growth for March.
More Americans win mortgage loan modifications
WASHINGTON (Reuters) - The Treasury Department said on Friday that the number of active permanent mortgage loan modifications agreed to by banks rose 13,836 during February to 782,609 by the end of the month.
Former Franklin Bank executives charged with fraud
WASHINGTON (Reuters) - The government charged two former executives of Franklin Bank Corp, a Houston-based lender founded by a mortgage bond pioneer, with a fraudulent scheme to conceal how badly the bank was doing during the height of the financial crisis.
Boeing pulls ahead of Airbus in first quarter
PARIS (Reuters) - Boeing overtook Airbus in deliveries in the first quarter, setting itself on course to recapture the coveted number one spot in annual aircraft production for the first time since 2002, company data showed this week.
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