Career News 24/7: Daily Investor Briefing: Wall Street rises; S&P, Nasdaq set...

Monday, April 21, 2014

Daily Investor Briefing: Wall Street rises; S&P, Nasdaq set...

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04/21/2014

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

Wall Street rises; S&P, Nasdaq set fifth straight gain

NEW YORK (Reuters) - U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation after a strong rally last week and ahead of a slew of key earnings releases this week.

Netflix U.S. streaming business grows, shares jump

LOS ANGELES (Reuters) - Netflix Inc reported higher profit that beat Wall Street expectations for the quarter that ended in March, boosted by the addition of 2.25 million customers to its movie and TV streaming service in the United States.

Ford to name Fields as CEO soon, replacing Mulally: source

DETROIT (Reuters) - Ford Motor Co will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, a person familiar with the plans said on Monday.

Jobless rate still good gauge of slack: Fed study

SAN FRANCISCO (Reuters) - The U.S. jobless rate in recent years has been a good gauge of slack in the economy, according to a paper published Monday by the Federal Reserve Bank of San Francisco that takes aim at critics who have argued otherwise.

Nokia sees Microsoft deal closing this week

HELSINKI (Reuters) - Nokia said on Monday it expects the sale of its handset business to Microsoft to be finalized on April 25, as it had received all the required regulatory approvals.

Merrill sets new $8 million bragging target for its top brokers

NEW YORK (Reuters) - Merrill Lynch is dangling a new incentive in front of its brokers by creating a "recognition club" for those who bring in $8 million or more a year from clients, more than doubling the top goals set by its securities industry rivals.

NHTSA closes four-year probe of Ion steering issues after GM recall

DETROIT (Reuters) - U.S. safety regulators closed a four-year probe into power steering problems in almost 335,000 older Saturn Ions after General Motors Co recalled the cars, which are also part of an unrelated recall of defective ignition switches linked to at least 13 deaths.

Mazda recalls 109,000 SUVs in the United States for rust issue

DETROIT (Reuters) - Mazda Motor Corp is recalling 109,000 Tribute compact sport utility vehicles in the United States to address potential rusting frame parts in cold-weather states where road salt is heavily used in the winter.

Exclusive: Fidelity's Danoff looks beyond tech stocks as performance lags

BOSTON (Reuters) - Will Danoff, who runs Fidelity Investments' behemoth Contrafund, is frustrated by his lagging performance this year and is pruning his exposure to cloud software stocks that got clobbered recently in a swift and hard-hitting downturn.

Hasbro rides My Little Pony to stronger profit

(Reuters) - Hasbro Inc reported a better-than-expected quarterly profit on strong demand for toys such as My Little Pony, that have strong tie-ins with TV shows aimed at little girls.