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Friday, May 24, 2013

Daily Investor Briefing: Yahoo joins growing list of bidders...

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05/24/2013
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
Yahoo joins growing list of bidders for Hulu: sources
LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday.
Durable goods orders point to factory resilience
WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course.
Wall Street wanes on Fed uncertainty, S&P dips for third day
NEW YORK (Reuters) - The S&P 500 declined for a third day on Friday with the three major stock indexes posting their first negative week since mid-April on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy.
New York claims more proof of bank mortgage abuses
NEW YORK (Reuters) - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.
Justice Department opposes AMR's $20 million severance for CEO Horton
(Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton.
Exclusive: Mall owner General Growth eyes NY's Madison Ave - sources
NEW YORK (Reuters) - General Growth Properties Inc has paired with Brookfield Office Properties in a bid for one of the most sought after Manhattan office buildings on the market, making what could be the mall owner's entry into the urban street retail real estate market, according to sources familiar with the deal.
News Corp's publishing business to initiate stock buyback
(Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away.
U.S. audit regulator reaches deal with China on document access
NEW YORK (Reuters) - U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States.
Senator urges 'extreme caution' on SoftBank -Sprint deal
WASHINGTON (Reuters) - An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks.
Exclusive: DBRS to rate all euro zone sovereigns by year-end
NEW YORK (Reuters) - DBRS plans to rate the credit of all euro-zone sovereigns by year-end, from the current 10 of 17, which will give the now-missing countries one more way for the ECB to weigh how valuable each nation's debt is as collateral.
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