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Tuesday, November 26, 2013

Daily Investor Briefing: Nasdaq closes above 4,000 for first...

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11/26/2013
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
Nasdaq closes above 4,000 for first time in 13 years
NEW YORK (Reuters) - The Nasdaq composite index closed above 4,000 on Tuesday for the first time since 2000 as the Dow and the S&P 500 ended little changed.
HP quarterly revenue falls
SAN FRANCISCO (Reuters) - Hewlett-Packard Co's fiscal fourth-quarter revenue fell 3 percent on shrinking personal computer and printer sales, but revenue from its key enterprise group rose - an optimistic sign that sent the company's shares over 6 percent higher.
Buffett says right plan would restore market for Detroit debt
DETROIT (Reuters) - Investor Warren Buffett said Tuesday he expects the market for Detroit's debt to pick up again and bond insurers to begin backing the debt once the city submits an appropriate recovery plan to bankruptcy court.
U.S. auto sales to end year strong, but fears about incentives mount
DETROIT (Reuters) - U.S. auto sales are expected to finish the year at a fast pace, with demand possibly at its highest in November, but Wall Street remains worried the industry could return to overly generous incentives that would eat into profits.
ComScore expects U.S. e-commerce holiday sales to rise 16 percent
NEW YORK (Reuters) - ComScore Inc , an analytics firm whose data is closely watched by Wall Street, on Tuesday predicted U.S. e-commerce sales will grow 16 percent to $55.2 billion this holiday season.
Privately held Cox looking at bid for Time Warner Cable: WSJ
(Reuters) - Privately held Cox Communications is considering bidding for Time Warner Cable either on its own or as part of a joint bid, The Wall Street Journal reported on Tuesday, citing anonymous sources.
Auto sector adds spark to Japan's electronic components industry
TOKYO/OSAKA (Reuters) - Japanese electronic component makers are looking beyond a fickle smartphone market that once lured them with rocketing growth, tying their fortunes more closely to the most resilient of Japan's big industries: automobiles.
Housing data brightens U.S. economic growth outlook
WASHINGTON (Reuters) - Permits for future U.S. home construction hit a near 5-1/2 year-high in October and prices for single-family homes notched big gains in September, suggesting a run-up in mortgage interest rates has not derailed the housing recovery.
Men's Wearhouse turns tables with bid for Jos. A. Bank
(Reuters) - Men's Wearhouse Inc struck back at Jos. A. Bank Clothiers Inc with a $1.5 billion bid to acquire the suit and tuxedo retailer, only weeks after rejecting a takeover offer from its smaller rival.
Small software maker wins $24.8 million judgment vs. Lockheed
WASHINGTON (Reuters) - Command Technology Inc, a privately held firm that developed electronic maintenance manuals for Lockheed Martin Corp's F-16 fighter jet, has won a $24.8 million judgment against the Pentagon's biggest supplier for unfair competition.
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