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Thursday, April 4, 2013

Daily Investor Briefing: Wall Street rises after BOJ move,...

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04/4/2013
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 rises after BOJ move, data caps gains
NEW YORK (Reuters) - Stocks rose on Thursday after the Bank of Japan announced aggressive, market-lifting policies to jump-start its economy, but weak jobs data capped gains.
Jobless claims at four-month high, cast shadow over jobs market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits hit a four-month high last week, the latest suggestion the labor market recovery lost some momentum in March.
SAC's Martoma switches lawyers in insider-trading case
NEW YORK (Reuters) - Mathew Martoma, a former portfolio manager at hedge fund SAC Capital Management, has hired a new lawyer to defend him in his insider-trading case.
Numbness gives way to anger in Cyprus over bailout
NICOSIA (Reuters) - Public shock in Cyprus about the tough terms of an international bailout is turning into anger as millions of euros remain locked in the country's banks.
Fed's Evans edges closer to fellow dove's rate-rise plan
DAYTON, Ohio (Reuters) - A second Federal Reserve official has suggested that U.S. interest rates may have to remain near zero until the unemployment rate falls as low as 5.5 percent, lower than the 6.5 percent threshold the U.S. central bank has in mind.
HP chairman Lane resigns, Whitworth takes over for now
SAN FRANCISCO (Reuters) - Hewlett-Packard Co Chairman Ray Lane, who has come under fire from shareholders for his role in the botched, costly acquisition of British software firm Autonomy Plc, has stepped down, the company said on Thursday.
Exclusive: UBS was mystery lender for Thai group's Ping An buy from HSBC - sources
HONG KONG (Reuters) - The mystery lender behind a Thai billionaire's $9.4 billion purchase of a stake in China's No.2 insurer was UBS, people with direct knowledge of the matter told Reuters, revealing how the bank stepped in at the last minute to offer a complex financing package known only to a few involved.
Corzine slammed in Freeh report on MF Global collapse
(Reuters) - The "negligent conduct" of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage contributed to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
BOJ to pump $1.4 trillion into economy in unprecedented stimulus
TOKYO (Reuters) - The Bank of Japan unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.
Mortgage insurers, regulator settle over alleged kickbacks
WASHINGTON (Reuters) - Four mortgage insurers agreed to pay about $15 million to settle claims that they paid kickbacks to mortgage lenders in exchange for business, the consumer watchdog said on Thursday.
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