Career News 24/7: Business Today: Wall Street ends lower after weak economic data

Thursday, April 18, 2013

Business Today: Wall Street ends lower after weak economic data

Click to View in Browser

04/18/2013

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

Wall Street ends lower after weak economic data

NEW YORK (Reuters) - Stocks fell on Thursday for the third day this week after data showed signs of slower growth ahead for the U.S. economy, while bearish technical signals added to doubts about the market's strength.

Google's Internet revenue grew 23 percent in first-quarter

(Reuters) - Google Inc's core Internet business grew net revenue 23 percent in the first quarter to $9.99 billion as the company's search advertising business continued to show strength.

Microsoft CFO exits; profit, shares rise

SEATTLE (Reuters) - Microsoft Corp said on Thursday Chief Financial Officer Peter Klein would leave at the end of June after 3-1/2 years in the post, as the world's biggest software company struggles with sharply declining personal computer sales and a lukewarm reception for its new Windows 8 operating system.

Jobs, factory data point to slowing economy

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week and factory activity in the nation's Mid-Atlantic region cooled in April, further signs of a moderation in economic growth.

U.S. urges Dutch to stick by F-35 fighter order

AMSTERDAM (Reuters) - The Department of Defense urged the Netherlands on Thursday not to cut its order for advanced F-35 warplanes, saying it could end up paying more per plane if it did.

Morgan Stanley posts $958 million profit as wealth management grows

(Reuters) - Morgan Stanley reported a stronger-than-expected first-quarter profit of $958 million, compared with a year-earlier loss of $119 million, as its wealth management business grew.

IBM first-quarter EPS misses Street on weak yen

(Reuters) - IBM Corp , the world's largest technology services company, reported an increase in first-quarter earnings, but missed estimates due to the depreciation of the Japanese yen.

Paulson's Advantage fund stung by plunge in gold

BOSTON/NEW YORK (Reuters) - Hedge fund billionaire John Paulson's best-known fund is down 2.4 percent in April, largely due to the sharp selloff in gold, a source familiar with the numbers said on Thursday.

Penney in talks with some parties for a new loan: WSJ

(Reuters) - J.C. Penney Co Inc is speaking with Wells Fargo & Co and others, including parties that invest in troubled companies, about a new loan to help it shore up its cash reserves, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Furloughs likely to cut flight arrivals, regulator says

WASHINGTON (Reuters) - The top air safety regulator said on Thursday his agency expects airports will handle fewer flights during peak hours this summer because of furloughs at control towers.