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Friday, May 17, 2013

Business Today: Dow, S&P end at records as stocks score fourth week of gains

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05/17/2013
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
Dow, S&P end at records as stocks score fourth week of gains
NEW YORK (Reuters) - Stocks continued their climb into uncharted territory on Friday, racking up the fourth week of gains in a row as encouraging economic data prompted investors to pick up shares of growth companies.
Oil price probe widens, senator wants Justice Department help
LONDON/WASHINGTON (Reuters) - A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Friday called for the Justice Department to join the investigation.
Unemployment rates drop in most states, Illinois climbs
WASHINGTON (Reuters) - Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday.
Tesoro wins antitrust OK to buy California BP refinery
WASHINGTON/HOUSTON (Reuters) - Refiner Tesoro Corp. has received formal approval from antitrust regulators in Washington and Sacramento on Friday to buy BP Plc's refinery and other assets in southern California for more than $2 billion.
Exclusive: Onex fails to find buyer for Carestream Health
NEW YORK (Reuters) - Onex Corp has called off its auction of medical imaging firm Carestream Health Inc after failing to find a buyer that was willing to meet its price expectation of as much as $3.5 billion, three people familiar with the matter said this week.
Investor group calls on SEC to review change in JPMorgan voting
NEW YORK (Reuters) - Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase & Co cut off polling information to the bank's opponents.
Judge revives Dexia lawsuit vs. JPMorgan over mortgage claims
(Reuters) - A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase & Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion of troubled mortgage debt.
May consumer sentiment highest in nearly six years
NEW YORK (Reuters) - Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader U.S. growth is cooling.
Transocean chairman voted out, $2.24/share dividend backed
ZUG, Switzerland (Reuters) - Transocean Ltd shareholders voted out Chairman Michael Talbert at the annual meeting on Friday and backed a nominee of activist investor Carl Icahn to replace him on the board of the world's largest offshore drilling contractor.
All eyes on Vodafone's Colao for signs on Verizon
LONDON (Reuters) - After months of speculation, Vodafone's Vittorio Colao will be under pressure next week to set out whether he may sell its prized stake in Verizon Wireless in what would be one of the biggest deals ever.
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