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Monday, November 5, 2012

Daily Investor Briefing: Wall Street rises in thin trade day...

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11/5/2012
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
Wall Street rises in thin trade day before U.S. election
NEW YORK (Reuters) - Stocks advanced modestly on Monday in light trading in one of the year's quietest sessions on the day before the U.S. presidential election.
Service sector growth slips in October, hiring picks up
NEW YORK (Reuters) - The pace of growth in the U.S. services sector slowed modestly in October, though a measure of employment improved to its highest in seven months, underscoring expectations the economic recovery will remain modest.
Goldman Sachs trims partner list to help cut expenses
(Reuters) - Goldman Sachs Group Inc has cut the number of employees it lists as partners to help streamline expenses.
Google says Apple patent lawsuit dismissed
SAN FRANCISCO (Reuters) - A federal judge has thrown out a lawsuit by Apple Inc alleging that Google Inc-owned Motorola's patent licensing practices were unfair, Google said on Monday.
HSBC fears U.S. money laundering fines to top $1.5 billion
LONDON/WASHINGTON (Reuters) - A U.S. fine for violating federal anti-money laundering laws could cost HSBC Holdings significantly more than $1.5 billion and is likely to lead to criminal charges as well, Europe's biggest bank said on Monday.
Morgan Stanley makes Kelleher sole head of key bank unit
(Reuters) - Morgan Stanley's Paul Taubman, who co-headed the company's investment bank, is stepping down and his long-time rival Colm Kelleher is taking full control of the unit.
GM clinches $11 billion credit line; aiming for Europe
DETROIT (Reuters) - General Motors Co secured an $11 billion revolving credit facility, more than doubling its financial cushion and further strengthening the balance sheet of the largest U.S. automaker.
Peregrine Financial ex-CEO's sentencing likely in early 2013
CHICAGO (Reuters) - Peregrine Financial Group's former chief executive, who confessed to bilking customers of his futures brokerage out of more than $100 million, will likely be sentenced in the first part of next year, the U.S. Attorney's Office said on Monday.
Battling emus and gold, India wants more people to buy shares
MUMBAI/NEW DELHI (Reuters) - A year ago, S. Kashinath, an illiterate laborer from India's southern Tamil Nadu state, lost 300,000 rupees ($5,600) in savings he invested in a pyramid scheme promising high returns from emu farming.
U.S. top court reviews Comcast, Amgen class actions
WASHINGTON (Reuters) - The U.S. Supreme Court considered appeals by Comcast Corp and Amgen Inc that could help determine what kind of evidence must be presented before companies may be the subject of class-action lawsuits.
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