Business Today: Dow, S&P 500 close at record levels after jobs report

	Click to View in Browser 05/3/2013 Dow, S&P 500 close at record levels after jobs report NEW YORK (Reuters) - The Dow and S&P 500 advanced to all-time closing highs on Friday, with major indexes jumping 1 percent after an unexpectedly strong April jobs report eased concerns about an economic slowdown. Job market resilience eases growth concerns WASHINGTON (Reuters) - Employment rose faster than expected in April and hiring was much stronger than previously thought in the prior two months, a sign of resilience that should help the economy absorb the blow from belt-tightening in Washington. Big four U.S. brokerage firms are thriving, not diving: report NEW YORK (Reuters) - Forecasts of a steady deterioration in profit at Merrill Lynch, Morgan Stanley , Wells Fargo Advisors and UBS Wealth Management Americas are highly exaggerated, analysts at Sanford C. Bernstein & Co. declared in a new report on Friday. Munger: hard to find Berkshire deals, 'raving mad' not to try OMAHA, Nebraska (Reuters) - Warren Buffett's Berkshire Hathaway Inc would be "stark raving mad" to rule out another giant acquisition like its 2009 Burlington Northern takeover, but high prices have now made attractive targets scarce, its vice chairman said on Friday. Wall Street Week Ahead: Few roadblocks to equities' climb after new high NEW YORK (Reuters) - With Friday's payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains will fizzle or if the upward momentum will continue. Insider-trading trial of SAC Capital's Steinberg to start November 18 NEW YORK (Reuters) - A federal judge has set November 18 for the start of the criminal trial of Michael Steinberg, the most senior employee of Steven A. Cohen's hedge fund SAC Capital Advisors to be indicted for insider trading. U.S. judge blocks $383 million arbitration case against Citigroup NEW YORK (Reuters) - Citigroup Inc has won an injunction blocking a $383 million arbitration case filed by a Saudi Arabian investor who accused the bank of "virtually wiping out" his family's wealth. UBS names head of private wealth division in Americas (Reuters) - Swiss bank UBS AG's U.S. brokerage unit has named a new head for its private wealth management division, as the company looks to expand its business catering to clients with $10 million or more in investable assets. Chesapeake says director Louis Simpson leaving (Reuters) - Chesapeake Energy Corp said on Friday that director Louis Simpson has resigned from the U.S. oil and gas company's board of directors and he will be replaced by an executive who was recommended by a top shareholder. Tesla CEO amends Model S financing deal after criticism DETROIT (Reuters) - Tesla Motors Inc, the automaker led by billionaire Elon Musk, overhauled financing strategy for the Model S electric sedan in response to criticism that its initial plan last month overstated the potential cost savings. Related Video Job jump Daily Digit: 7.9 mln in part-time limbo Economic News Job market resilience eases growth concerns After flight delays, will cancer move Congress to act? 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