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Friday, November 22, 2013

Business Today: S&P 500 ends above 1,800 for first time

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11/22/2013
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 ends above 1,800 for first time
NEW YORK (Reuters) - U.S. stocks rose on Friday, with healthcare stocks leading the way higher and the S&P 500 closing above 1,800 for the first time ever.
U.S. seeks to add Wells Fargo exec as fraud defendant
NEW YORK (Reuters) - The U.S. government on Friday sought permission to add Wells Fargo & Co executive Kurt Lofrano as a defendant in its year-old lawsuit accusing the bank of fraud.
Comcast considering bid for Time Warner Cable: CNBC
(Reuters) - Comcast Corp is a potential bidder for Time Warner Cable Inc, CNBC said on Friday, citing people familiar with the situation.
Herbalife shares jump despite Ackman's latest attack
(Reuters) - Herbalife Ltd shares rallied as much as 7 percent on Friday as investors rejected the latest salvo from hedge fund manager Bill Ackman, who insisted the company is nothing but a pyramid scheme, even though his short position based on that view has cost up to $500 million.
Nissan names new U.S. sales chief, one of 13 executive moves
DETROIT (Reuters) - Nissan Motor Co on Friday announced that Fred Diaz will be promoted to head of sales and marketing for the company in the United States as part of a management shakeup that involves 13 executives taking new positions.
Fed's Tarullo wants more tools to counter shadow bank risks
WASHINGTON (Reuters) - Global financial watchdogs should have more policy tools and powers over firms such as hedge funds to counter the risk of a devastating run on investment banks, the U.S. Federal Reserve's top regulator said on Friday.
Analysis - Why hedge funds still manage to seduce
NEW YORK (Reuters) - Hedge fund investor Hugh Culverhouse Jr. says the $2.25 trillion industry was an easier place for wealthy individuals to make money a decade ago.
Former Credit Suisse trader Serageldin gets 30 months in jail
NEW YORK (Reuters) - A former Credit Suisse Group AG trader was sentenced to 30 months in prison on Friday for his role in a scheme to artificially inflate subprime mortgage bond prices.
Microsoft to win EU okay for $7.3 billion Nokia deal: sources
BRUSSELS (Reuters) - Microsoft is set to secure unconditional EU regulatory approval for its proposed 5.4-billion-euro ($7.30 billion) takeover of Nokia's mobile phone business, two people familiar with the matter said on Friday.
Exclusive: Euro zone mulls cheap loans as incentive for economic reforms -document
BRUSSELS (Reuters) - Euro zone states are considering cheap loans to member governments as an incentive to carry out painful economic reforms, an EU document showed, introducing a discussion on fiscal transfers.
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