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Thursday, October 17, 2013

Daily Investor Briefing: U.S. jobless claims fall,...

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10/17/2013
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
U.S. jobless claims fall, mid-Atlantic manufacturing expands
WASHINGTON/NEW YORK (Reuters) - U.S. jobless claims fell last week and mid-Atlantic factory activity kept growing in October, but a just-ended government shutdown as well as computer issues affecting the claims report impeded the data's value as signposts for the economy.
S&P 500 ends at record high after Washington deal
NEW YORK (Reuters) - The S&P 500 closed at a record high on Thursday as investors regained confidence in the market following a last-minute deal to avoid a U.S. default, but weak earnings from IBM and Goldman Sachs pulled the Dow industrials slightly lower.
Google Internet revenue rises 23 percent in third-quarter
SAN FRANCISCO (Reuters) - Google Inc said that its consolidated revenue increased 12 percent to $14.89 billion in the third quarter, even as losses deepened at its Motorola mobile phone business.
Analysis: Washington budget battle may delay Fed taper until 2014
WASHINGTON (Reuters) - The Federal Reserve may have to wait until early next year before it sees sufficient strength in the U.S. economy to begin scaling back its bond-buying stimulus, after a destructive Washington budget battle that may take a bite out of growth.
Fed needs 'couple of meetings' before cutting QE3: Evans
MADISON, Wis./NEW YORK (Reuters) - The Federal Reserve will likely defer any decision to trim its massive bond buys until at least December, two top Fed officials suggested on Thursday, although a third Fed policymaker made no bones about her view that she opposes any such delay.
Witness claims U.S. lawyer used inflated estimate in Chevron case
NEW YORK (Reuters) - A U.S. lawyer used inflated estimates to pursue what eventually became an $18 billion pollution judgment against Chevron Corp in Ecuador, despite warnings that the numbers were "wildly inaccurate," his former consultant said on Thursday.
Stryker 3rd-quarter net profit falls due to recalls as sales rise
(Reuters) - U.S. orthopedic implant maker Stryker Corp on Thursday said quarterly net profit fell 70 percent as charges for recalled products offset higher sales of its hip, knee and spine products.
SAC Capital deal with U.S. prosecutors gets closer: source
NEW YORK (Reuters) - A deal between SAC Capital and U.S. prosecutors to resolve a criminal insider trading case against the firm could come in a few days, a source familiar with the matter said on Thursday.
Flood of U.S. economic data set to wash up on Wall Street
WASHINGTON (Reuters) - A wave of U.S. economic data is set to hit financial markets as early as next week after a last-minute budget deal re-opened the federal government on Thursday.
HSBC hit with record $2.46 billion judgment in U.S. class action
(Reuters) - A unit of British bank HSBC Holdings Plc was hit on Thursday with a record $2.46 billion final judgment in a U.S. securities class action lawsuit against a business formerly known as Household International Inc.
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