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Friday, April 25, 2014

Daily Investor Briefing: U.S. consumer sentiment up more than...

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04/25/2014

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

U.S. consumer sentiment up more than expected in April

NEW YORK (Reuters) - U.S. consumer sentiment rose in April to a nine-month high as views on current and near-term conditions surged, a survey released on Friday showed.

Wall Street ends lower; indexes down for the week

NEW YORK (Reuters) - U.S. stocks fell on Friday, pulled lower by a decline in consumer discretionary stocks, as bellwether names Amazon.com and Ford Motor fell in the wake of their quarterly earnings.

U.S. services sector expands at slower pace in April

NEW YORK (Reuters) - The U.S. services sector expanded in April at a slower rate than the previous month as employment creation decelerated, an industry report showed on Friday.

U.S. alleges insider trading in eBay deal

WASHINGTON/NEW YORK (Reuters) - The U.S. government on Friday filed criminal and civil charges accusing a former executive of insider trading in advance of eBay Inc's purchase of his e-commerce company.

U.S. appeals court revives Apple patent lawsuit against Google

WASHINGTON (Reuters) - A U.S. appeals court on Friday revived patent claims Apple made against Google's Motorola Mobility unit that had been dismissed shortly before trial, giving the iPhone maker another chance to seek a sales ban against its smartphone competitor.

BofA ex-CFO agrees to settle N.Y. lawsuit over Merrill

(Reuters) - Bank of America Corp's former finance chief, Joe Price, has agreed to pay $7.5 million to settle a New York lawsuit that accused the bank and its former executives of misleading investors during the lender's acquisition of Merrill Lynch.

U.S. money manager pleads guilty in long-running fraud case

NEW YORK (Reuters) - More than five years after his indictment, a U.S. money manager and one-time part owner of the New York Islanders hockey team pleaded guilty Friday to engaging in a massive securities fraud.

Tesla Motors says CEO Musk took $1 in salary last year

DETROIT (Reuters) - Tesla Motors Inc Chief Executive Elon Musk was paid about $70,000 in 2013 in salary and stock options, only a fragment of what he stands to eventually receive in company stock, Tesla said in a filing on Thursday with U.S. securities regulators.

Ford profit driven down by North America, warranty costs

DETROIT (Reuters) - Ford Motor Co posted a lower-than-expected first-quarter profit on Friday as the No. 2 U.S. automaker reported $400 million in higher warranty costs in North America, sending shares down more than 3 percent.

UAW Vice President Joe Ashton nominated to GM's board

DETROIT (Reuters) - United Auto Workers Vice President Joe Ashton has been nominated to General Motors Co's board as the representative for the healthcare trust for retired GM workers, the company said in a filing with the U.S. Securities and Exchange Commission on Friday.