The Other Side of Life 24/7: Daily Investor Briefing: Wall Street rebounds after bogus tweet...

Tuesday, April 23, 2013

Daily Investor Briefing: Wall Street rebounds after bogus tweet...

Click to View in Browser

04/23/2013

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 rebounds after bogus tweet

NEW YORK (Reuters) - Stocks climbed on Tuesday in a broad rally, recovering from sharp declines sparked by a "bogus" Associated Press tweet about explosions at the White House.

Chesapeake, Bank of New York, square off in bond trial

NEW YORK (Reuters) - Chesapeake Energy Corp began an expedited trial on Tuesday against Bank of New York Mellon Corp over the energy company's effort to redeem $1.3 billion of notes at par.

Factory data a new sign of slowing U.S. economic growth

WASHINGTON (Reuters) - Factory activity expanded at its slowest pace in six months in April, the latest sign that economic growth continued to lose momentum early in the second quarter, though the recovery has not been derailed.

U.S. appeals court expedites BP spill claims case

NEW ORLEANS (Reuters) - A federal appeals court has agreed to speed up the process of determining whether BP Plc's settlement with class-action plaintiffs over the 2010 Gulf of Mexico oil spill is being handled properly.

Avenue Capital's Lasry will not be ambassador to France: source

NEW YORK (Reuters) - Billionaire trader Marc Lasry told investors in his $12 billion Avenue Capital that he will remain at the hedge fund and not become the next U.S. ambassador to France, according to a person familiar with the situation.

Delta, US Air profits top Wall Street estimates

(Reuters) - Delta Air Lines and US Airways Group , aided by revenue gains, posted higher-than-expected first-quarter earnings on Tuesday, and their shares rose despite cautions by both carriers about near-term weakness.

Corzine sued by MF Global trustee over firm's collapse

(Reuters) - Jon Corzine was sued by the bankruptcy trustee liquidating MF Global Holdings Ltd , who accused the former chief executive of negligently pursuing a high-risk business strategy that culminated in the commodities brokerage's destruction.

Accor CEO expected to be replaced by duo: source

PARIS (Reuters) - Accor Chairman and Chief Executive Denis Hennequin, beset by skepticism over his ability to turn around Europe's largest hotels group, has decided to resign and is likely to be replaced by a duo, a source close to the board said.

Colombia's Sura, Scotiabank buy BBVA Peru fund for $1 billion

LIMA/BOGOTA (Reuters) - Colombian financial group Sura and Canada's Bank of Nova Scotia bought the Peruvian pension fund BBVA Horizonte on Tuesday for more than $1 billion, as competition heats up in the surging sector.

Netflix shares jump as subscribers rise; margins seen following

(Reuters) - Netflix Inc shares shot up 24 percent on Tuesday to their highest level since September 2011, after the movie streaming service said it added more than 2 million U.S. subscribers last quarter.