The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends higher, S&P near...

Tuesday, March 26, 2013

Daily Investor Briefing: Wall Street ends higher, S&P near...

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03/26/2013

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 ends higher, S&P near record

NEW YORK (Reuters) - Stocks finished higher on Tuesday, pushing the S&P 500 within striking distance of its all-time high, as strong data on home prices and manufacturing fed optimism about the economy, although the improvements were seen as slow.

Factory, housing data supports growth picture

WASHINGTON (Reuters) - Orders for long-lasting U.S.-made goods surged last month and home prices posted their biggest year-on-year gain in six-and-a-half years in January, the latest signs the economy regained momentum early in the first quarter.

Fed study says China's growth could slow sharply by 2030

WASHINGTON (Reuters) - Economic growth in China faces mounting headwinds and could fade dramatically in the years ahead due to declining productivity and an aging population, according to a U.S. Federal Reserve study.

Federal Reserve orders Citigroup to improve money laundering checks

(Reuters) - The Federal Reserve has ordered Citigroup Inc to better police for the risk of money laundering, part of a broad U.S. regulatory crackdown on the potential for illicit money flows.

Exclusive: Linux users file EU complaint against Microsoft

MADRID (Reuters) - A Spanish association representing open-source software users has filed a complaint against Microsoft Corp to the European Commission, in a new challenge to the Windows developer following a hefty fine earlier this month.

Exclusive: Protective Life in lead for AXA U.S. insurance assets - sources

NEW YORK (Reuters) - Insurer Protective Life Insurance is the leading candidate to buy some of AXA SA's U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the situation.

Cypriot youth protest as banks stay shut

NICOSIA (Reuters) - Cypriots vented anger in the streets on Tuesday and were desperate to learn what would happen to their savings, with the government yet to reveal details of controls it will impose to prevent a run when banks reopen after a painful bailout.

U.S. court questions public interest scope in Apple secrecy hearing

WASHINGTON (Reuters) - A federal appeals court aggressively questioned the scope of the public interest and trade secrets at a hearing on Tuesday over document secrecy in Apple Inc's patent litigation against Samsung Electronics Co Ltd.

Three more charged in U.S. insider trading probe

NEW YORK (Reuters) - Federal prosecutors announced criminal charges on Tuesday against three new defendants in the government's broad-based insider trading probe.

Buffett trades warrants for smaller stake in Goldman

(Reuters) - Warren Buffett has given up his chance to become Goldman Sachs Group Inc's largest shareholder by converting his warrants into a smaller stake in the bank at no additional cost to his Berkshire Hathaway Inc .