Business Today: Dow, S&P 500 end higher; Cisco weighs on tech

Click to View in Browser 05/10/2012 Dow, S&P 500 end higher; Cisco weighs on tech NEW YORK (Reuters) - The Dow and the S&P 500 eked out a slim gain on Thursday as investors dipped back into the market after a weak stretch, but a disappointing outlook from tech bellwether Cisco Systems and caution about Europe limited gains. Drop in jobless claims eases labor market fears WASHINGTON (Reuters) - The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labor market was deteriorating after surprisingly weak employment growth in April. U.S. logs first monthly budget surplus in 42 months WASHINGTON (Reuters) - The United States posted a budget surplus for the first time in 42 months in April on a rise in tax receipts and a drop in government spending, although it partly reflected a shifting of some payments to other months. Exclusive: Warburg tops $5 billion mark for fund: sources NEW YORK (Reuters) - Warburg Pincus LLC has raised more than $5 billion in just over seven months for its 11th global private equity fund, a major step on the way toward its $12 billion target, people familiar with the matter said on Thursday. Dewey employee sues over layoff notice (Reuters) - A Dewey & LeBoeuf employee filed a lawsuit on Thursday accusing the U.S. law firm that has been hit by a wave of partner defections of failing to give workers enough notice of layoffs. Chesapeake delay contributed to Wyoming well blowout NEW YORK (Reuters) - Chesapeake Energy's delayed response to warning signs contributed to a natural gas well blowout in Wyoming in April, which led to a leak and the evacuation of dozens of nearby residents, state regulators said on Thursday. Facebook listing could trigger IPO surge: Nasdaq NEW YORK (Reuters) - Nasdaq OMX Group Inc is looking forward to a spike in the number of companies going public in the near term as they look to take advantage of the market buzz created by Facebook's listing next week, an executive at Nasdaq said on Thursday. Ford jests CEO Mulally will stay until he's 80 WILMINGTON, Delaware (Reuters) - If Warren Buffett can run a company in his 80s, why can't Ford's Alan Mulally? Ferrari sales rise in the U.S., Britain, drop in Italy MILAN (Reuters) - Sales of Ferrari, the high-end Italian sports car, rose more than 13 percent to 556.1 million euros in the first quarter of this year, helped by strong sales in the U.S., Britain and Germany, which offset a 34 percent fall in crisis-hit Italy. Mexico's Slim seeks bigger slice of U.S. phone market MEXICO CITY (Reuters) - America Movil, the telecommunications company owned by Mexican billionaire Carlos Slim, intends to boost its presence in the United States with the purchase of California-based Simple Mobile, the second planned acquisition it unveiled this week. Related Video Claims, trade point to brighter days Wealth Strategies: T. Rowe likes LatAm corporate debt Economic News Bernanke: even worthy borrowers can't get mortgages U.S. logs first monthly budget surplus in 42 months 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