|                                               |   |  |                                                           | Dow, S&P 500 end higher; Cisco weighs on tech |                                | NEW YORK (Reuters) - The Dow and the S&P 500 eked out a slim   gain on Thursday as investors dipped back into the market after   a weak stretch, but a disappointing outlook from tech bellwether   Cisco Systems and caution about Europe limited gains. |  |  |                                                |                                                           |   |  |                                                                       | Drop in jobless claims eases labor market fears |                                      | WASHINGTON (Reuters) - The number of Americans submitting new   applications for jobless benefits edged down last week, easing   concerns the labor market was deteriorating after surprisingly   weak employment growth in April. |  |  |  |                                                |                                                           |                                                                       | U.S. logs first monthly budget surplus in 42 months |                                      | WASHINGTON (Reuters) - The United States posted a budget surplus   for the first time in 42 months in April on a rise in tax receipts   and a drop in government spending, although it partly reflected   a shifting of some payments to other months. |  |  |  |                                                |                                                           |                                                                       | Exclusive: Warburg tops $5 billion mark for fund: sources |                                      | NEW YORK (Reuters) - Warburg Pincus LLC has raised more than   $5 billion in just over seven months for its 11th global private   equity fund, a major step on the way toward its $12 billion   target, people familiar with the matter said on Thursday. |  |  |  |                                                |                                                           |   |  |                                                                       | Chesapeake delay contributed to Wyoming well blowout |                                      | NEW YORK (Reuters) - Chesapeake Energy's delayed response to   warning signs contributed to a natural gas well blowout in Wyoming   in April, which led to a leak and the evacuation of dozens of   nearby residents, state regulators said on Thursday. |  |  |  |                                                |                                                           |                                                                       | NY Fed sells AIG bailout assets to Merrill Lynch |                                      | NEW YORK (Reuters) - The New York Federal Reserve said on Thursday   it sold all its TRIAXX collateralized debt obligations from   a portfolio of assets that was used in the government bailout   of insurer AIG to Merrill Lynch, following a competitive bid   process with eight other Wall Street firms. |  |  |  |                                                |                                                           |   |  |                                                                       | Facebook listing could trigger IPO surge: Nasdaq |                                      | NEW YORK (Reuters) - Nasdaq OMX Group Inc is looking forward   to a spike in the number of companies going public in the near   term as they look to take advantage of the market buzz created   by Facebook's listing next week, an executive at Nasdaq said   on Thursday. |  |  |  |                                                |                                                           |   |  |                                                                       | Ferrari sales rise in the U.S., Britain, drop in Italy |                                      | MILAN (Reuters) - Sales of Ferrari, the high-end Italian sports   car, rose more than 13 percent to 556.1 million euros in the   first quarter of this year, helped by strong sales in the U.S.,   Britain and Germany, which offset a 34 percent fall in crisis-hit   Italy. |  |  |  |                                                |                                                           | Mexico's Slim seeks bigger slice of U.S. phone market |                                | MEXICO CITY (Reuters) - America Movil, the telecommunications   company owned by Mexican billionaire Carlos Slim, intends to   boost its presence in the United States with the purchase of   California-based Simple Mobile, the second planned acquisition   it unveiled this week. |  |  |  |                                               |  |                          |                                                           |  |                                |  |                                |                                                                       | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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