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Monday, May 7, 2012

Daily Investor Briefing: S&P ends almost flat; investors shrug...

Reuters » Daily Investor Update

05/7/2012

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

S&P ends almost flat; investors shrug off Europe

NEW YORK (Reuters) - Investors brushed off Europe's election results, as the S&P 500 rebounded from early losses to end nearly unchanged on Monday, despite the uncertainty surrounding the euro zone's ability to tackle its debt crisis.

Facebook's Zuckerberg kicks off investor show in NY

NEW YORK (Reuters) - Facebook Inc CEO Mark Zuckerberg fielded questions about the No. 1 social network's slowing revenue growth and its $1 billion purchase of Instagram as he kicked off a cross-country roadshow to promote the company's $10 billion initial public offering.

Anti-austerity ballot backlash rattles euro zone

ATHENS/PARIS (Reuters) - An anti-austerity backlash by voters in Greece and France shook the euro zone on Monday, causing jitters for the euro currency and stock markets amid deepening doubts about whether Greece has a future in the single currency.

Google infringed on some Oracle Java copyright: jury

SAN FRANCISCO (Reuters) - A Northern California jury on Monday found that Google Inc infringed upon Oracle Corp's copyrights on the structure of part of the Java software programming language, in a high stakes trial over smartphone technology.

Third Point demands Yahoo CEO hiring documents

(Reuters) - Activist hedge fund Third Point, which has called for the ouster of Yahoo Inc Chief Executive Scott Thompson for padding his resume, formally demanded in a letter that the Internet company provide access to all documents relating to Thompson's hiring.

Brazil judge nixes union lawsuit against Chevron

(Reuters) - A Brazilian judge threw out a civil lawsuit seeking to ban U.S. oil company Chevron and oil drill-rig operator Transocean from operating in Brazil because of a November oil spill, court officials said on Monday.

Chesapeake should be open to buyout: top investor

(Reuters) - Chesapeake Energy Corp's largest shareholder urged the natural gas company to remain open to acquisition offers despite the weakness of its share price.

Convicted former CFO seeks $60 million from Tyco

NEW YORK (Reuters) - Former Tyco International Chief Financial Officer Mark Swartz, who is serving a prison sentence for looting the company, has sued for $60 million in retirement and other money he says he is owed.

Lufthansa executive is first female CFO at DAX-30 company

FRANKFURT (Reuters) - Deutsche Lufthansa named Simone Menne as its new chief financial officer on Monday, appointing the first female CFO at a German blue-chip company and picking a company insider to replace Stephan Gemkow.

Chrysler recalls over 127,000 cars amid potential braking, stability problems

(Reuters) - Chrysler Group is recalling some 127,350 current model Dodge Charger and Chrysler 300 vehicles in the United States and Canada due to potential problems in electrical stability control and anti-lock braking systems, the company and U.S. safety regulators said.