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Tuesday, April 2, 2013

Business Today: Wall Street ends higher on health insurers

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04/2/2013
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
Wall Street ends higher on health insurers
NEW YORK (Reuters) - Stocks ended higher on Tuesday, though off their session highs, with increased payment rates for some health insurers boosting the sector.
Exclusive: Nationwide, Reich & Tang to buy HighMark funds -sources
NEW YORK (Reuters) - Columbus, Ohio-based Nationwide Financial and New York-based Reich & Tang are buying UnionBanCal Corp's mutual fund business, three sources told Reuters on Tuesday.
SEC says companies may announce key data on social media
WASHINGTON (Reuters) - Regulators said on Tuesday that companies can use Twitter, Facebook and other social media to make key announcements as long as they tell investors which sites they will use.
Cyprus finance minister quits after bailout concludes, investigation begins
NICOSIA (Reuters) - Cyprus's finance minister resigned on Tuesday after concluding a 10 billion euro bailout deal with international lenders in which the country slashed its dominant banking sector and hit depositors with losses.
Exclusive - Pfizer, Novartis, Abbott weigh bids for Brazil's Ache - sources
NEW YORK/LONDON (Reuters) - At least three of the world's top drugmakers are bidding for Brazil's Ache Laboratorios Farmaceuticos in an auction that may value the group at more than $5 billion, people familiar with the matter said.
Housing recovery boosts pickup, SUV sales in March
DETROIT (Reuters) - Sales of sport-utility vehicles and pickup trucks jumped in March, spurred by rising home prices and an increase in housing construction, major automakers said on Tuesday.
Exclusive: Thermo emerges as frontrunner for Life Tech -sources
NEW YORK (Reuters) - Thermo Fisher Scientific Inc is emerging as the lead contender in an auction for Life Technologies Corp , a genetic testing maker that has a market value of more than $11 billion, three people familiar with the matter said.
S&P pushes to move state cases to federal court
NEW YORK (Reuters) - Standard & Poor's redoubled efforts on Tuesday to move more than a dozen lawsuits charging the ratings agency with fraud to federal from state courts, arguing that the various state cases involve federal regulations.
Pension plan advisors see top gains in emerging market stocks
NEW YORK (Reuters) - Consultants who advise companies on how to manage their employees' retirement plans expect emerging market stocks to outperform in a lower-return environment over the next several years, a survey by bond giant PIMCO showed on Monday.
Factory orders rise, boosted by aircraft
WASHINGTON (Reuters) - New orders for factory goods rose in February but a gauge of planned business spending slipped, suggesting factory activity continued to expand at a modest pace.
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