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Wednesday, April 10, 2013

Daily Investor Briefing: Dow, S&P close at record highs as...

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04/10/2013
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
Dow, S&P close at record highs as Wall Street rallies
NEW YORK (Reuters) - Stocks climbed 1 percent on Wednesday, with both the Dow and S&P 500 ending at historic highs as cyclical shares led the way higher for a second straight day.
Exclusive: Goldman deal with union group lets Blankfein keep dual roles
(Reuters) - For the second year in a row, Goldman Sachs Group fended off a shareholder proposal that would have stripped Chief Executive Lloyd Blankfein of his chairman title. Instead, Goldman agreed with a union-backed investment group to increase the powers of its lead director.
Judge limits Assured Guaranty claims against JPMorgan
NEW YORK (Reuters) - A New York judge has narrowed a lawsuit by bond insurer Assured Guaranty Ltd against JPMorgan Chase & Co over alleged misrepresentations involving $337 million in mortgage-backed securities sold by Bear Stearns.
March budget deficit shrinks to $107 billion
WASHINGTON (Reuters) - The budget deficit narrowed in March compared to the same month last year, as the government got more money from payroll and income taxes and had to spend less on its financial rescue fund.
Ex-KPMG auditor's lawyer says inside trader cooperating with FBI
NEW YORK (Reuters) - The man who had received inside information on Herbalife Ltd and footwear maker Skechers USA Inc from a senior KPMG auditor in Los Angeles is cooperating with federal investigators, the former auditor's lawyer said on Wednesday.
CEOs of biggest U.S. banks to meet with Obama on Thursday: sources
NEW YORK/WASHINGTON (Reuters) - Executives of the biggest U.S. banks are expected to meet with President Barack Obama on Thursday, according to people familiar with the matter.
Obama budget aims to kickstart deficit-reduction talks
WASHINGTON (Reuters) - President Barack Obama proposed a $3.77 trillion budget on Wednesday that combines controversial cuts to social safety net programs with tax increases on the wealthy.
IMF chief says easy monetary policy should stay for now
NEW YORK (Reuters) - Global growth is likely to remain tepid this year and central banks should keep their easy monetary policies in place, the head of the International Monetary Fund said on Wednesday.
Tesla CEO pushes Texas to allow direct-to-consumer car sales
AUSTIN, Texas (Reuters) - Tesla Motors Inc Chief Executive Elon Musk is pushing to change Texas law to allow his electric car company to sell directly to consumers, and he took his fight to the state Capitol on Wednesday.
NY judge approves $115 million AIG shareholder settlement
NEW YORK (Reuters) - A federal judge on Wednesday approved a $115 million settlement between American International Group Inc shareholders and former CEO Maurice "Hank" Greenberg and other defendants over alleged improper accounting at the insurance giant.
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