The Other Side of Life 24/7: 04/28/14

Monday, April 28, 2014

Daily Investor Briefing: S&P 500 ends up with Apple after...

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04/28/2014

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

S&P 500 ends up with Apple after volatile session

NEW YORK (Reuters) - The S&P 500 ended higher on Monday after a volatile session, as gains in Apple and Pfizer helped offset another round of selling in some high-growth tech shares.

Pfizer chases AstraZeneca for potential $100 billion deal

LONDON/NEW YORK (Reuters) - U.S. drugmaker Pfizer Inc approached Britain's AstraZeneca Plc two days ago to reignite a potential $100 billion takeover and was rebuffed, raising investor expectations it will have to increase its offer to close the deal.

U.S. pending home sales jump, end losing streak

WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes rose in March for the first time in nine months, a sign the housing market could be stabilizing after suffering a setback from a rise in interest rates and a severe winter.

France meets Alstom bidders with pledge to protect jobs

PARIS (Reuters) - France said it would defend jobs and its national interest as it met suitors eyeing a breakup of engineering group Alstom on Monday and suggested it preferred Germany's Siemens over U.S. giant General Electric.

Toyota move to Texas is latest blow to Southern California

NEW YORK/DETROIT (Reuters) - Toyota Motor Corp. said it will move its U.S. sales headquarters from southern California to suburban Dallas, delivering the latest blow to California in a fight for jobs with arch-rival Texas, whose Governor Rick Perry has been actively poaching businesses from the Golden State.

U.S. senators ask federal agency to act on recalled GM cars

WASHINGTON (Reuters) - Two Democratic U.S. senators on Monday called on the Department of Transportation to urge owners of 2.6 million recalled General Motors cars to stop driving them until they are repaired, which could take months as dealerships wait for replacement ignition switches.

Buffett: Next Berkshire CEO should be only one to get options

NEW YORK (Reuters) - The next chief executive of Berkshire Hathaway should be the only one at the company to get options, Warren Buffett, the current head of the sprawling conglomerate, said on Monday.

Comcast in deal with Charter as it seeks approval for TWC

(Reuters) - Comcast Corp on Monday agreed to a three-way deal with Charter Communications Inc as part of Comcast's efforts to win regulatory approvals for its proposed $45 billion purchase of Time Warner Cable Inc.

AOL investigates cyber attack, says user data compromised

BOSTON (Reuters) - AOL Inc on Monday urged its tens of millions of email account holders to change their passwords and security questions after a cyber attack compromised about 2 percent of its accounts.

BofA suspends buyback, dividend increase after capital error

(Reuters) - Bank of America Corp said on Monday it will suspend a planned increase in its quarterly dividend as well as its latest stock buyback program because it miscalculated a measure of the capital on its books.