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Wednesday, March 6, 2013

Business Today: Dow ends at another record high, S&P up on job picture

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03/6/2013
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 ends at another record high, S&P up on job picture
NEW YORK (Reuters) - Wall Street mostly edged higher on Wednesday, with the Dow hitting another record, helped by a private payroll survey that bodes well for the monthly jobs report due at the week's end.
Exclusive: Johnson Controls might sell auto interiors unit - sources
NEW YORK/DETROIT (Reuters) - Johnson Controls Inc is exploring a potential sale of its automotive interiors unit, a move that would allow the diversified manufacturer to focus on higher-margin building controls and next-generation car batteries, three people familiar with the matter said on Wednesday.
Jobs, factory data offer hope for economy
WASHINGTON (Reuters) - Private employers hired more workers than expected in February and demand for a range of factory goods was solid in January, hopeful signs for the economy as it deals with higher taxes and deep government budget cuts.
S&P seeks to move 16 ratings lawsuits to federal court
(Reuters) - Standard & Poor's on Wednesday began trying to move lawsuits by 15 states and Washington, D.C., over its credit ratings to federal court from state court, hoping to limit its liability in one of the biggest fraud cases tied to the financial crisis.
U.S. safety board says will issue report on Boeing 787 probe Thursday
WASHINGTON (Reuters) - The U.S. National Transportation Safety Board will issue an "interim factual report" at 11 a.m. ET Thursday on its investigation into a battery fire aboard a Japan Airlines Boeing 787 Dreamliner plane on January 7.
Exclusive: Hedge fund Portman Square scales back, CEO steps down - sources
LONDON/ZURICH (Reuters) - The chief executive of one of Europe's most talked-about new hedge fund firms has stepped down in a bid to save costs after a big investor pulled its support, people familiar with the situation said.
Bank of Japan policy seen on hold as Shirakawa gives way to bolder leadership
TOKYO (Reuters) - The Bank of Japan is likely to keep monetary policy unchanged on Thursday, holding fire to wait for new leaders who are expected to usher in bolder measures to try to end nearly 20 years of mild deflation.
Ex-Deutsche Bank worker says was fired after speaking out: lawsuit
NEW YORK (Reuters) - A former employee sued Deutsche Bank AG on Wednesday, claiming he was fired for speaking out and accusing the bank of ignoring his concerns about its internal controls and charges to clients.
ANA says it had Dreamliner power distribution panel trouble three times
TOKYO (Reuters) - Japan's All Nippon Airways had three instances of electric distribution panel trouble in its Boeing 787 Dreamliner before it grounded the aircraft in January and had to replace the panel twice, a spokesman said.
Starboard Value urges Tessera to sack CEO, overhaul board
(Reuters) - Starboard Value, an activist hedge fund, called for the sacking of the CEO and an overhaul of the board of Tessera Technologies Inc , stepping up a long running battle with the technology patent firm over its governance.
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