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Thursday, October 4, 2012

Daily Investor Briefing: S&P 500 on verge of 5-year high day...

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10/4/2012
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 500 on verge of 5-year high day ahead of jobs data
NEW YORK (Reuters) - The S&P 500 extended gains to a fourth day on Thursday, putting it on the cusp of a new five-year high if Friday's jobs report shows encouraging signs for the labor market.
Jobless claims point to steady labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose only slightly last week after a big drop the week before, a hopeful sign the job market is still on the mend.
Google warns of more Motorola cuts, revises up third quarter bill
(Reuters) - Google Inc raised its estimate of the cost of job cuts at its money-losing Motorola Mobility unit in the third quarter and warned of "significant" additional charges from further restructuring.
Exclusive: Credit Suisse probed by U.S. over mortgages - sources
NEW YORK (Reuters) - U.S. federal and state authorities are investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, people familiar with the probe said on Thursday.
Divided Fed considers numerical guides for rates policy
WASHINGTON (Reuters) - The U.S. Federal Reserve may adopt numerical thresholds for inflation and joblessness that would serve as guideposts for monetary policy, according to meeting minutes that revealed some reservations about the central bank's latest stimulus.
Authorities charge 91 in $430 million Medicare fraud
WASHINGTON (Reuters) - Ninety-one people including doctors, nurses and other medical professionals have been charged with committing $430 million in Medicare fraud in seven U.S. cities, authorities said on Thursday.
PwC global chair hoping for China audit resolution
NEW YORK (Reuters) - The head of PricewaterhouseCoopers, the world's largest accounting and consulting firm, said on Thursday he hoped for progress soon on a U.S.-China auditing oversight deal that could avert a disruption to capital markets.
ECB bond-buying conditions need not be painful: Draghi
BRDO PRI KRANJU, Slovenia (Reuters) - European Central Bank President Mario Draghi said on Thursday everything was in place for the bank to buy the bonds of troubled euro zone countries such as Spain and that conditions linked to it need not be punitive.
Navistar may close plants to cut costs: CEO
LISLE, Illinois (Reuters) - Embattled U.S. truck and engine maker Navistar International Corp is cutting administrative and engineering spending and may close factories as it works to lower its costs, the company's newly named chief executive said on Thursday.
Spain says convinced will find investors for bad bank
LONDON (Reuters) - Spain's Economy Minister said on Thursday he was certain the country would find interest from the private sector for the 'bad bank' it is setting up to park billions of euros in soured real estate assets.
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