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Thursday, April 4, 2013

Business Today: Wall Street rises after BOJ move, but U.S. jobs data a drag

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04/4/2013
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 rises after BOJ move, but U.S. jobs data a drag
NEW YORK (Reuters) - Stocks ended slightly higher on Thursday after the Bank of Japan announced aggressive, market-lifting policies to jump-start its economy, but weak jobs data capped gains.
Jobless claims at four-month high, cast shadow over jobs market
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits hit a four-month high last week, the latest suggestion the labor market recovery lost some momentum in March.
SAC's Martoma switches lawyers in insider-trading case
NEW YORK (Reuters) - Mathew Martoma, a former portfolio manager at hedge fund SAC Capital Management, has hired a new lawyer to defend him in his insider-trading case.
Numbness gives way to anger in Cyprus over bailout
NICOSIA (Reuters) - Public shock in Cyprus about the tough terms of an international bailout is turning into anger as millions of euros remain locked in the country's banks.
HSH Nordbank in settlement on money-laundering checks
WASHINGTON (Reuters) - The local branch of Germany's HSH Nordbank AG will improve its anti-money laundering controls under an agreement with regulators released by the Federal Reserve on Thursday.
HP chairman Lane resigns, Whitworth takes over for now
SAN FRANCISCO (Reuters) - Hewlett-Packard Co Chairman Ray Lane, who has come under fire from shareholders for his role in the botched, costly acquisition of British software firm Autonomy Plc, has stepped down, the company said on Thursday.
Exclusive: UBS was mystery lender for Thai group's Ping An buy from HSBC - sources
HONG KONG (Reuters) - The mystery lender behind a Thai billionaire's $9.4 billion purchase of a stake in China's No.2 insurer was UBS, people with direct knowledge of the matter told Reuters, revealing how the bank stepped in at the last minute to offer a complex financing package known only to a few involved.
Corzine slammed in Freeh report on MF Global collapse
(Reuters) - The "negligent conduct" of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage contributed to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
Court reverses $482 million stent case against Cordis
WASHINGTON (Reuters) - Cordis Corp, a Johnson and Johnson subsidiary, did not infringe on a patent owned by a radiologist in making its Cypher stents, an appeals court said on Thursday, reversing a ruling by a lower court that ordered Cordis to pay $482 million.
BOJ to pump $1.4 trillion into economy in unprecedented stimulus
TOKYO (Reuters) - The Bank of Japan unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that sent the yen reeling and bond yields to record lows.
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