Career News 24/7: Daily Investor Briefing: S&P 500 ends at record high; housing,...

Friday, May 23, 2014

Daily Investor Briefing: S&P 500 ends at record high; housing,...

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05/23/2014

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

S&P 500 ends at record high; housing, HP help

NEW YORK (Reuters) - The S&P 500 closed at a record on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Hewlett-Packard's stock, which was the S&P 500's best performer, rallied a day after the personal computer maker reported results and said it may cut up to 16,000 jobs.

Exclusive: EBay did not initially realize customer data compromised in breach - executive

BOSTON/SAN FRANCISCO (Reuters) - EBay Inc executives did not initially realize that customer data was compromised when it discovered a network breach in early May, global marketplaces chief Devin Wenig said in an interview on Friday.

New home sales rise, but momentum lacking

WASHINGTON (Reuters) - Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/2 year high, but economists said the market was still not clearly gaining steam.

Russia, China agree on $25 billion prepayment under supply deal: Gazprom

ST PETERSBURG, Russia (Reuters) - Russia and China have agreed on a $25 billion prepayment under a supply deal signed earlier this week, Alexander Medvedev, chief executive of Gazprom Export, said on Friday.

Apple, Google, Intel, Adobe to pay $325 million to settle hiring lawsuit

(Reuters) - Four major Silicon Valley companies have formally agreed to pay $324.5 million to settle claims brought by employees who accused them of limiting competition by colluding not to poach each other's talent.

Stock funds worldwide post $7 billion outflows over week: BofA

NEW YORK (Reuters) - Fund investors worldwide pulled $7 billion out of stock funds in the week ended May 21 on weak U.S. economic data and disappointing corporate results, data from a Bank of America Merrill Lynch Global Research report showed on Friday.

GM recalling 500 large trucks, SUVs because air bags may not work

DETROIT (Reuters) - General Motors Co said Friday it is recalling 500 large trucks and SUVs because air bags may not deploy.

Barclays slapped with $44 million fine over gold price fix

LONDON (Reuters) - Barclays Plc has been fined 26 million pounds ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012.

USDA warns of sticker shock on U.S. beef as grilling season starts

WASHINGTON (Reuters) - The Department of Agriculture has warned of sticker shock facing home chefs on the eve of the Memorial Day holiday weekend, the unofficial start of the U.S. summer grilling season.

Valeant must up Allergan bid to $180-$200/share: JPMorgan survey

(Reuters) - When Valeant Pharmaceuticals International Inc raises its offer for Allergan Inc next week as it has indicated it will, it needs to hit the range of $180 to $200 per share, according to a JPMorgan survey of investors.