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Tuesday, March 12, 2013

Business Today: S&P 500 edges down after 7-day rally; Dow ends up

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03/12/2013
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 edges down after 7-day rally; Dow ends up
NEW YORK (Reuters) - The S&P 500 ended lower on Tuesday, breaking a seven-session string of increases as investors pulled back from technology and financial shares, but the Dow eked out a gain for an eighth straight day.
Job openings rise in January on retail bounce back
WASHINGTON (Reuters) - A bounce back in vacant retail positions lifted the number of jobs open in the United States in January, but the overall tone continued to point to only a moderate improvement in the labor market.
Credit Suisse reverses cautious stand on equities
NEW YORK (Reuters) - One month after turning cautious on global stock investing, the investment committee of Credit Suisse Group's U.S. private bank has reversed course.
Equifax says probing unauthorized access of credit reports
WASHINGTON (Reuters) - Credit reporting agency Equifax Inc said on Tuesday it had launched an internal investigation after finding that four consumer credit reports had been fraudulently accessed.
Greenberg doubles claims in AIG bailout lawsuit vs U.S. to $55 billion
(Reuters) - Maurice "Hank" Greenberg, the former American International Group Inc chief executive, has more than doubled the size of his class-action lawsuit against the United States over the insurer's bailout to roughly $55.5 billion from $25 billion.
MetroPCS defends T-Mobile USA deal, FCC approves it
NEW YORK (Reuters) - MetroPCS Communications Inc fought back against shareholder criticism of its proposed merger with T-Mobile USA on Tuesday, the same day that the U.S. Federal Communications Commission approved the deal.
Exclusive: Advent Software hires Qatalyst to explore sale - sources
NEW YORK (Reuters) - Advent Software Inc, an accounting software company, is exploring a sale and has hired Frank Quattrone's investment bank Qatalyst Partners to lead the effort, several people familiar with the matter said on Tuesday.
Fiat chairman says still discussing how to merge with Chrysler
TURIN, Italy (Reuters) - Italian carmaker Fiat and its U.S. unit Chrysler are still discussing how to merge the companies, Fiat Chairman John Elkann said on Tuesday.
Euro woes not over, says crisis-wary Bundesbank
FRANKFURT (Reuters) - A wary German central bank said on Tuesday it had set aside billions more euros against what it deems risky European Central Bank moves, and criticized France directly for "floundering" in its reform drives.
Chesapeake noteholders, BNY Mellon escalate bond battle
(Reuters) - Chesapeake Energy Corp is facing a showdown with investors and a bond trustee over its plan to redeem $1.3 billion of notes early.
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