Career News 24/7: Daily Investor Briefing: Wall Street ends down as Ukraine...

Friday, May 2, 2014

Daily Investor Briefing: Wall Street ends down as Ukraine...

Click to View in Browser

05/2/2014

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 ends down as Ukraine worries offset jobs optimism

NEW YORK (Reuters) - U.S. stocks eased on Friday as concerns about more violence in Ukraine prompted profit-taking ahead of the weekend, offsetting optimism about an upbeat jobs report.

U.S. job growth jumps, but shrinking labor force a blemish

WASHINGTON (Reuters) - U.S. employers hired workers at the fastest clip in more than two years in April, pointing to a rebound in economic growth after a dreadful winter and keeping the Federal Reserve on track to end bond purchases this year.

U.S. bankruptcy judge urges settlement on GM ignition defects

NEW YORK (Reuters) - A U.S. bankruptcy judge on Friday urged settlement talks in a dispute between General Motors Co and plaintiffs seeking compensation for the lost value of their cars stemming from a massive recall over a faulty ignition switch, though neither side seemed ready to negotiate quite yet.

U.S. factory orders up, durable goods revised higher

WASHINGTON (Reuters) - New orders for U.S. factory goods rose for a second straight month in March, suggesting strength in manufacturing and the broader economy at the end of the first quarter.

AstraZeneca rejects Pfizer's raised bid of $106 billion

LONDON (Reuters) - U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would create the world's biggest pharmaceuticals company.

U.S. prosecutors to drop two of seven charges against Rajaratnam's brother

NEW YORK (Reuters) - U.S. prosecutors plan to drop two securities fraud charges against former Galleon Group hedge fund portfolio manager Rengan Rajaratnam, the younger brother of Raj Rajaratnam, who founded the firm and was convicted of insider trading in 2011.

Exclusive: U.S. anti-money laundering authority faces hiring probe - sources

NEW YORK/ST LOUIS (Reuters) - The U.S. Treasury Department has frozen all recruitment by its anti-money laundering arm and forced the agency to rescind 11 job offers, after an investigation found it violated the federal employment code during an aggressive hiring push, according to several government officials.

Airbus says A330 'more challenging', supply base stable

PARIS (Reuters) - Airbus warned on Friday it faces increased challenges in managing the order book for its A330 wide-body jet beyond 2016, highlighting the stakes involved as the European planemaker considers an engine revamp for its most profitable long-distance jet.

New Fiat Chrysler plan to put Marchionne to the test

MILAN (Reuters) - Newly-merged Fiat Chrysler will unveil its long-awaited five-year plan on Tuesday, with chief executive Sergio Marchionne under pressure to show he can translate years of canny dealmaking into a thriving global autos business.

Shareholders to go public with Pimco worries at Allianz AGM

FRANKFURT (Reuters) - Allianz shareholders will publicly press its top executives next week to address the underperformance of its Pimco fund management unit in the hope that the German insurer will look more closely at management problems there.