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Thursday, August 16, 2012

Daily Investor Briefing: S&P hits four-month high on Germany,...

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08/16/2012
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 hits four-month high on Germany, Cisco
NEW YORK (Reuters) - The S&P 500 closed at its highest in more than four months on Thursday on signs of German support for the European Central Bank's effort to fight the region's debt crisis, and as Cisco Systems led gains in the tech sector after a dividend hike.
Facebook hits new low as first early investor sales begin
SAN FRANCISCO/NEW YORK (Reuters) - Facebook Inc shares sank as much as 7.1 percent to a record low after early investors got the greenlight to sell for the first time since the No. 1 social network went public, starting a string of insider lockup expirations expected to pressure the stock for months.
Cisco jumps on dividend hike, props up network gear makers
(Reuters) - Shares of Cisco Systems Inc jumped 9 percent on Thursday as a dividend hike and share buyback plan overshadowed comments that business conditions in Europe would not improve anytime soon for the network equipment maker.
Data points to lackluster economic growth
WASHINGTON (Reuters) - A trend measure of Americans signing up for new jobless benefits fell close to a four-year low last week, but weakness in a regional factory gauge showed U.S. recovery still faces an uphill climb.
SEC looks to see if weak controls worsened Knight loss: source
(Reuters) - U.S. regulators are working to figure out whether the trading snafu at Knight Capital Group that resulted in a $440 million loss and nearly destroyed the firm was exacerbated by a breakdown in risk management, according to a source familiar with the situation.
Standard Chartered eyes joint deal after backing down in U.S.
LONDON/NEW YORK (Reuters) - Standard Chartered is pursuing a collective settlement with other U.S. authorities after agreeing to pay $340 million to New York's financial regulator under mounting pressure from shareholders.
Wal-Mart international growth slows, shares fall
(Reuters) - Wal-Mart Stores Inc's full-year profit may miss analysts' expectations as growth slows in its international markets, pressuring the company even as its U.S. discount stores continue to prosper.
Macy's sues J.C. Penney over Martha Stewart deal
(Reuters) - Macy's Inc took its legal battle over its agreement to exclusively sell certain Martha Stewart items directly to J.C. Penney Co Inc on Thursday, accusing the rival department store chain of interfering with its contract with the home goods designer.
Chrysler plant rejects contract, production unaffected
DETROIT (Reuters) - Chrysler Group LLC said on Thursday that production will not be affected at its Dundee, Michigan, engine plant after union workers there rejected a plant contract.
Assured Guaranty gets OK to press on with UBS suit
NEW YORK (Reuters) - Assured Guaranty Ltd can move forward with part of a lawsuit accusing UBS AG of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities it insured, a federal judge has ruled.
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