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Monday, April 14, 2014

Daily Investor Briefing: Wall Street rises after volatility...

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04/14/2014
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Wall Street rises after volatility late in the day
NEW YORK (Reuters) - U.S. stocks closed higher on Monday after volatility late in the session, though geopolitical concerns prompted investors to again take profits in high-flying names.
Bullish U.S. retail sales brighten growth outlook
WASHINGTON (Reuters) - U.S. retail sales recorded their largest gain in 1-1/2 years in March in a decisive sign the economy is bouncing back from its weather-induced slumber.
Citi posts higher income as troubled assets perform better
(Reuters) - Citigroup Inc posted better-than-expected quarterly income as losses on troubled assets narrowed, but revenue declined in many of its major businesses and operating expenses remained stubbornly high.
Google to buy drone-maker Titan Aerospace
(Reuters) - Google Inc has acquired solar-powered drone maker Titan Aerospace as the Web search giant ramps up plans to deliver wireless Internet access to remote parts of the world.
Lawsuit claims CME gave high-frequency traders special access
(Reuters) - A group of traders has sued CME Group Inc, accusing the operator of the world's largest derivatives exchange of selling market data to high frequency traders, cheating other investors who lacked such access.
Consumers' view of U.S. job market brightened in March: NY Fed
NEW YORK (Reuters) - U.S. consumers grew more confident in the labor market last month, with younger workers in particular seeing a greater chance of finding work should they lose their current job, a survey from the Federal Reserve Bank of New York said on Monday.
Mexico bank regulator, Citigroup report second fraud at Banamex
MEXICO CITY (Reuters) - Citigroup and Mexico's bank regulator on Monday said they uncovered a second fraud at Citi's local unit Banamex, as part of a wider investigation following the discovery in February of fraudulent loans to oil services company Oceanografia.
Walgreen under shareholder pressure to relocate to Europe: FT
(Reuters) - U.S. drugstore chain operator Walgreen Co is under pressure from a group of shareholders to consider relocating to Europe to gain tax benefits, the Financial Times reported.
GM says heads of communications and human resources leaving company
DETROIT (Reuters) - General Motors Co announced on Monday that its heads of human resources and communications are leaving the company "to pursue other interests."
Gucci takes direct control of Moscow shops
MILAN (Reuters) - Italian fashion and leather brand Gucci, which is owned by French group Kering , has taken direct control of its shops in Moscow and will open two new sales outlets in the Russian capital, the company said on Monday.
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