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Friday, June 21, 2013

Daily Investor Briefing: Wall Street ends mostly higher in...

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06/21/2013
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 mostly higher in late rebound
NEW YORK (Reuters) - Stocks mostly rose in a late rebound on Friday, with the Dow and S&P 500 ending two days of heavy losses, though traders continued to fret over planned changes to the Federal Reserve's easy money policy.
Bernanke bond announcement 'inappropriately timed:' Fed's Bullard
WASHINGTON (Reuters) - St. Louis Federal Reserve Bank President James Bullard on Friday issued a sharp rebuke of his colleagues' decision this week to announce a plan to reduce the central bank's bond buying, calling the move premature and worrying the Fed is risking its credibility as a force for price stability.
Tokyo court says Samsung infringed Apple 'bounce-back' patent
TOKYO (Reuters) - A Tokyo court ruled on Friday that Samsung Electronics Co Ltd had infringed rival Apple Inc's patent for a so-called bounce-back feature on earlier models of its popular smartphones.
Former Enron CEO Skilling's sentence cut to 14 years
HOUSTON (Reuters) - Former Enron Corp Chief Executive Jeffrey Skilling's near decade-long quest to prove he did nothing wrong at the once high-flying energy-trading behemoth ended on Friday when a federal judge shaved 10 years off of his prison sentence.
Fund manager gets 11 years for Facebook, Groupon shares scam
NEW YORK (Reuters) - Former fund manager John Mattera was sentenced to 11 years in prison on Friday, after pleading guilty of defrauding investors of $13 million with a story that he put their money in Facebook Inc and Groupon Inc shares before the companies went public.
Exclusive: Blackstone interviewing banks for Brixmor IPO - sources
(Reuters) - Blackstone Group LP is interviewing investment bankers for a proposed initial public offering of its neighborhood shopping center company Brixmor Property Group Inc, according to two people familiar with the process.
Goldman Sachs loan runs afoul of 'fatwa,' opponent claims
(Reuters) - To many in the West, a fatwa is often associated with the 1989 religious edict against author Salman Rushdie.
New U.S. trade chief focused on India, striking deals
WASHINGTON (Reuters) - New U.S. Trade Representative Michael Froman on Friday said he expected growing trade problems with India to be a major early focus of his tenure, but stopped short of saying the United States should cut off benefits for that country.
Apax Partners raises $7.5 billion private equity fund
NEW YORK (Reuters) - Apax Partners LLP said on Friday it had raised $7.5 billion for its latest global private equity fund, Apax VIII, two years after it approached investors with the goal of raising $11.8 billion (9 billion euros) from them.
Morgan Stanley finishes wealth business buyout
(Reuters) - Morgan Stanley said it will buy the rest of its wealth-management joint venture with Citigroup Inc by the end of the month, completing a deal started during the financial crisis that was designed to stabilize both banks.
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