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Wednesday, April 2, 2014

Daily Investor Briefing: Wall Street closes higher, S&P at...

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04/2/2014
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 closes higher, S&P at another record
NEW YORK (Reuters) - The S&P 500 closed at another record high on Wednesday as private-sector labor market data suggested that the economy was slowly building momentum after a winter-related pullback earlier in the year.
U.S. senator accuses GM of 'culture of cover-up' in recalls
WASHINGTON (Reuters) - General Motors Co CEO Mary Barra came under withering attack for her company's decade-long failure to deal with defective parts linked to fatal crashes, in a hearing where U.S. Senators accused the company of "criminal" behavior and "a culture of cover-up."
Amazon unveils $99 Fire TV set-top box to rival Apple
NEW YORK/SAN FRANCISCO (Reuters) - Amazon.com Inc unveiled a $99 video streaming device dubbed Fire TV on Wednesday, the U.S. e-commerce leader's latest step to beef up its multimedia presence and capitalize on the growing appetite for digital media.
New York judge dismisses lawsuit against Madoff feeder fund
NEW YORK (Reuters) - A New York state judge has dismissed a lawsuit brought by an investor in a fund managed by Tremont Group Holdings, one of the largest feeders of funds into Bernard Madoff's Ponzi scheme.
Microsoft to offer Windows for free on phones, tablets
SAN FRANCISCO (Reuters) - Microsoft Corp is to give away its Windows operating system to makers of smartphones and small tablets as it seeks to make more of an impact on those fast-growing markets and counter the massive success of Google Inc's free Android platform.
U.S. regulators warn banks about rise in cyber-attacks
WASHINGTON (Reuters) - A group of top U.S. regulators on Wednesday warned about the threat of rising cyber-attacks on bank websites and cash machines, urging the industry to put proper measures in place to guard against fraud.
U.S. gives foreign banks more time on anti-tax dodge law
(Reuters) - The U.S. Treasury Department on Wednesday gave foreign financial institutions 10 extra days to register with the U.S. government, under a new law to combat offshore tax dodging by Americans that goes into effect on July 1.
U.S. Treasury says pay will not increase for Ally Financial CEO
WASHINGTON (Reuters) - The Obama administration is holding the total compensation unchanged this year for the head of bailed-out auto lender Ally Financial , the Treasury Department said on Wednesday.
Apple in talks to buy Japan chip venture to secure iPhone supply chain
TOKYO (Reuters) - Apple Inc, seeking to secure its mobile supply chain, has opened discussions to buy control of a Japanese venture that makes key microchips for its iPhone screens, sources familiar with the matter say.
Private-sector hiring breaks out of winter freeze
WASHINGTON (Reuters) - U.S. companies stepped up hiring in March for a second straight month, offering fresh evidence the economy was regaining momentum after a weather-driven lull over the winter.
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