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Monday, April 29, 2013

Business Today: S&P 500 closes at record, led by energy, tech shares

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04/29/2013
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
S&P 500 closes at record, led by energy, tech shares
NEW YORK (Reuters) - The S&P 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index's sixth rise in the past seven sessions.
Chrysler revenue slumps on new model launches
DETROIT/MILAN (Reuters) - Carmaker Fiat's first-quarter profit slumped more than expected as its U.S. unit Chrysler's sales suffered from the phase-out of the Jeep Liberty pending a new model launch.
Apple lays groundwork for first debt sale ever
LONDON, April 29 - Apple took initial steps Monday for what would be its first debt sale ever, as the U.S. computer giant lays the groundwork for what would be one of the most anticipated bond sales of the year.
Sprint seeks details from Dish on takeover proposal
(Reuters) - Sprint Nextel Corp on Monday said its merger partner, SoftBank Corp, has waived some terms of their agreement so that Sprint can seek more information from rival suitor Dish Network Corp.
Herbalife posts higher profit, raises 2013 forecast
(Reuters) - Nutritional products company Herbalife Ltd on Monday reported higher quarterly net earnings and raised its full-year profit forecast, fueled by strong demand around the world.
Monte Paschi says lawsuit versus Nomura, Deutsche Bank well founded
SIENA, Italy (Reuters) - A lawsuit by Italy's Monte dei Paschi di Siena against Nomura and Deutsche Bank over loss-making derivatives deals is well founded, the bank's chairman said on Monday.
Level Global in $21.5 million SEC insider trading settlement
WASHINGTON/NEW YORK (Reuters) - Level Global Investors LP agreed to pay $21.5 million to settle U.S. Securities and Exchange Commission civil charges that its co-founder and an analyst engaged in insider trading, in a case that caused the demise of the hedge fund firm.
Penney gets Goldman loan in latest move to improve its finances
(Reuters) - J.C. Penney Co Inc on Monday said it had lined up a five-year, $1.75 billion financing package from Goldman Sachs Group Inc , the latest move by the struggling retailer to shore up its finances.
Insight Ventures raises $1.49 billion
SAN FRANCISCO (Reuters) - Two years after closing on roughly $2 billion in new commitments, the venture capital firm Insight Venture Partners is raising more money.
Deutsche Bank hikes capital to strengthen balance sheet
FRANKFURT (Reuters) - Deutsche Bank said it will beef up its balance sheet with a 2.8 billion euro ($3.7 billion) capital increase and unveiled forecast-beating first-quarter earnings following a wave of aggressive cost cuts.
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