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Thursday, May 10, 2012

Daily Investor Briefing: Dow, S&P 500 end higher; Cisco weighs...

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05/10/2012
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
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.
Ford jests CEO Mulally will stay until he's 80
WILMINGTON, Delaware (Reuters) - If Warren Buffett can run a company in his 80s, why can't Ford's Alan Mulally?
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.
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