  | | | S&P 500 finishes at 4-month low | | NEW YORK (Reuters) - U.S. stocks hit a four-month low on Thursday, as rising Spanish bond yields increased investor anxiety over that country's banks and another round of weak data undermined hopes for U.S. economic recovery. | | |  | | | Facebook prices at top of range in landmark IPO | | NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc priced its initial public offering at $38 a share, giving the world's No. 1 online social network a $104 billion valuation in the third largest offering in U.S. history. | | | |  | | | Senate Banking Committee to ask Dimon to testify | | WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon will be invited to testify before Congress over the recent trading losses announced by the bank, U.S. Senate Banking Committee Chairman Tim Johnson said in a statement on Thursday. | | | |  | | | Gupta trial could feature big corporate stars | | NEW YORK (Reuters) - Lloyd Blankfein, Warren Buffett and other well-known chieftains of corporate America might be called to testify at the insider trading trial starting on Monday of former Goldman Sachs Group Inc and Procter & Gamble Co director Rajat Gupta. | | | |  | | | MGIC sues Freddie Mac in insurance dispute | | (Reuters) - Mortgage insurer MGIC Investment Corp has sued mortgage financier Freddie Mac and the Federal Housing Finance Administration to settle a dispute over coverage limits on certain insurance policies. | | | |  | | | HP mulls cutting at least 25,000 jobs: sources | | (Reuters) - Hewlett-Packard Co is considering cutting its workforce by 8 to 10 percent, or a minimum of 25,000 jobs, sources familiar with the matter told Reuters, as newly installed CEO Meg Whitman strives to return the storied Silicon Valley institution to growth. | | | |  | | | Strong Wal-Mart profit trumps bribery probe concerns | | (Reuters) - Wal-Mart Stores Inc's profit and sales surpassed expectations on Thursday as more people shopped at its established U.S. stores and spent more, pushing shares up 5 percent despite ongoing internal and government probes into possible bribery. | | | |  | | | GM to make first sports car with SS nameplate | | DETROIT (Reuters) - General Motors Co, the largest U.S. automaker, will begin selling its first rear-wheel-drive performance sedan under the Chevrolet brand in the United States in 17 years, it said Thursday. | | | |  | | | Warren Buffett to buy Media General newspapers | | (Reuters) - Warren Buffett's Berkshire Hathaway Inc is boosting its bet on the newspaper industry, with a deal to buy the majority of Media General Inc's papers for $142 million in cash, making him one of the largest publishers in the United States. | | | |  |  | | | 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 | |
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