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Friday, May 25, 2012

Daily Investor Briefing: U.S. data, Europe woes to set tone...

Reuters » Daily Investor Update
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05/25/2012
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U.S. data, Europe woes to set tone
NEW YORK (Reuters) - Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely to keep dragging on equities for weeks to come.
May consumer sentiment highest in more than four years
NEW YORK (Reuters) - Consumer sentiment rose to its highest level in more than four years in May as Americans stayed optimistic about the job market, while higher income households expected to see bigger wage increases, a survey released on Friday showed.
Bankia, Catalonia pile on Spanish debt worries
MADRID (Reuters) - Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government and for investors who question whether it can pay its debts without help from euro zone allies.
JPMorgan's Dimon to testify before Congress in June
WASHINGTON (Reuters) - JPMorgan Chase Chief Executive Jamie Dimon has been invited to testify before the Senate Banking Committee on June 7 to give lawmakers insight into the bank's trading loss of at least $2 billion, Senator Tim Johnson said on Friday.
Icahn reports 7.6 percent Chesapeake stake
(Reuters) - Activist investor Carl Icahn reported a 7.6 percent stake in oil and gas company Chesapeake Energy Corp , and asked for at least four members of its board to be replaced.
Facebook options debut a wild card for volatility
(Reuters) - Investors can hope the debut of options on Facebook Inc goes more smoothly than the long-awaited debut of the social networking service's stock on May 18.
EU files WTO suit over Argentina's import restrictions
BRUSSELS/GENEVA (Reuters) - The European Union filed a suit against Argentina's import restrictions with the World Trade Organization (WTO) on Friday, intensifying the disputes between the South American nation and its trading partners.
Murdoch private eye targeted U.S. hedge fund boss
(Reuters) - A private detective working for Rupert Murdoch's British newspapers used a legally questionable tactic to obtain a hotel bill that a New York financier ran up at one of London's swankest hotels, records reviewed by Reuters show.
Analysis: Big M&A banks move down-market in hunt for fees
(Reuters) - The slow market for merger deals is driving big-name investment banks into combat with smaller rivals for business from companies they usually ignore.
Spain region, Greek exit warnings rattle euro zone
(Reuters) - Central banks and companies not bracing for a possible Greek euro exit would be making a grave error, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating finances.
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