Business Today: Wall Street falls for second day on weak data

Click to View in Browser 04/19/2012 Wall Street falls for second day on weak data NEW YORK (Reuters) - Stocks fell for a second day on Thursday as labor market data showed more signs of weakness while a warning from Qualcomm and poor results from Stanley Black & Decker discouraged investors. Microsoft beats Street profit view, shares up (Reuters) - Microsoft Corp beat Wall Street's profit forecast as computer sales held up better than expected, lifting its shares 2.5 percent after hours. Lagarde sees deal in the making on IMF funding WASHINGTON (Reuters) - International Monetary Fund chief Christine Lagarde said on Thursday she expects to win a big boost in funding to help the lender contain damage from the euro-zone debt crisis now that Europe has taken significant steps on its own. Analysis: Best Buy not a good buy to value investors NEW YORK (Reuters) - In an ideal world, Best Buy would be a value investor's dream come true. But in the real world of transparency and retailing twists and turns, it just isn't. RIM's hiring of banker wouldn't signal sale: source TORONTO (Reuters) - If Research In Motion Ltd were to hire an investment bank it would be to help it license its BlackBerry software or to negotiate a strategic investment, not to help it sell the company, a source close to RIM said on Thursday. With new board, Olympus looks to draw a line under scandal TOKYO (Reuters) - Peering from a hotel window 50 floors above Japan's bustling capital, Michael Woodford eyes the Olympus Corp building where he was fired six months ago. To the right, he sees the flat he had to quit that day before he was told to take a bus to the airport. Existing home sales fall 2.6 percent in March WASHINGTON (Reuters) - Home resales fell in March but the supply of properties on the market tightened and prices inched higher, giving mixed signals about the pace of recovery in the still-struggling housing sector. Jobless data suggests slowdown in job creation WASHINGTON (Reuters) - The number of Americans claiming unemployment benefits for the first time fell only slightly last week, suggesting that job growth in April will not improve much after March's disappointing performance. Strong eBay results bode well for Amazon SAN FRANCISCO (Reuters) - EBay Inc's strong first quarter bodes well for Amazon.com Inc's results next week - especially Amazon's own online Marketplace business and e-commerce in general, analysts said on Thursday. Morgan Stanley bond trading unexpectedly strong (Reuters) - Morgan Stanley won market share in bond trading in the first quarter after years of investments in the business, allowing the Wall Street bank to post results that beat many analysts' expectations. Related Video Blame Citigroup for rejection of Pandit's pay: Elson Data quicken slowdown fears Economic News Jobless data suggests slowdown in job creation Existing home sales fall 2.6 percent in March A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend