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Wednesday, November 27, 2013

Daily Investor Briefing: Dow, S&P 500 end at record highs on...

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11/27/2013
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
Dow, S&P 500 end at record highs on HP boost
NEW YORK (Reuters) - U.S. stocks advanced on Wednesday, pushing the Dow and the S&P 500 to records and the Nasdaq finished at a 13-year high after earnings from Hewlett-Packard helped lift the technology sector.
U.S. jobs picture improving, manufacturing may be slowing
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment aid unexpectedly fell last week, but continued weakness in business spending on capital goods suggested slower economic growth in the fourth quarter.
Monte Paschi top investor committed to bank relaunch, where possible
MILAN (Reuters) - The main shareholder of Italy's No. 3 lender Banca Monte dei Paschi di Siena said on Wednesday it remained committed to supporting the relaunch of the bank "where possible".
France's Credit Agricole to close 50 branches by 2015: paper
PARIS (Reuters) - Credit Agricole , France's third-biggest bank, plans to close about 50 branch offices in the Paris region by 2015, French daily Les Echos said.
Samsung's marketing splurge doesn't always bring bang-for-buck
SEOUL (Reuters) - Samsung Electronics Co is expected to spend around $14 billion - more than Iceland's GDP - on advertising and marketing this year, but it doesn't always get value for money.
Chinese bad loan manager Cinda sits on its own debt mountain
HONG KONG (Reuters) - China Cinda Asset Management's drive to crank profit out of bad loans has come at a cost - a debt mountain of its own.
Spain's Repsol says board backs preliminary YPF deal
MADRID (Reuters) - The board of Spain's Repsol unanimously agreed on Wednesday to start formal talks with Argentina over a compensation offer for assets Buenos Aires seized last year that could end an 18-month standoff between the two countries.
Rural India shows signs of economic revival but wider outlook glum
NEW DELHI/SHIRDHON, India (Reuters) - Pandurang Ghorpade has the weather to thank as he hands out celebratory sweets to neighbors eager for a ride on his prized new possession, a gleaming red tractor bought in anticipation of a bumper harvest.
Boeing icing problems may lead to forced landings: FAA
SEATTLE (Reuters) - Icing problems that have occurred on Boeing Co 787 Dreamliner and 747-8 aircraft using engines made by General Electric Co could lead to forced landings, the U.S. aviation regulator said on Wednesday.
Bitcoin price zooms through $1,000 as enthusiasm grows
NEW YORK (Reuters) - The price of the digital currency bitcoin soared above $1,000 for the first time on Wednesday, extending a 400 percent surge in less than a month that some see as a growing bubble in an asset that is still a mystery to many.
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