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Thursday, May 9, 2013

Business Today: S&P 500 ends down, breaks string of record closes

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05/9/2013
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 ends down, breaks string of record closes
NEW YORK (Reuters) - The S&P 500 broke a five-day string of record closing highs on Thursday, ending a fairly volatile session lower as recent momentum lost steam and Apple shares declined.
Keep on, or enough already? Fed officials spar over QE3
SAN FRANCISCO/NEW YORK (Reuters) - Little over a week after U.S. Federal Reserve policymakers overwhelmingly endorsed a plan to keep buying bonds to spur economic growth and hiring, they are airing their differences over their super-easy policy.
Facebook in talks to buy Israel's Waze for up to $1 billion: report
TEL AVIV (Reuters) - Facebook Inc is in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion, business daily Calcalist reported on Thursday.
Boeing rolls out 787s faster; could mean strong fourth quarter
NEW YORK (Reuters) - Boeing Co said on Thursday it has succeeded in getting its factories to churn out 787 Dreamliners at a faster pace this week, a change that came sooner than expected and positions the plane maker to possibly deliver more of the high-tech jet than forecast.
YouTube starts paid subscription service
(Reuters) - Google's YouTube video service is dipping its toe into pay television by starting on Thursday a subscription service with 30 content creators, including children's programmers Sesame Street and Muppet creator The Jim Henson Co, and the Ultimate Fighting Championship.
Jobless claims hint at strengthening labor market
WASHINGTON (Reuters) - The number of Americans filing new claims for jobless aid fell last week to its lowest level in nearly 5-1/2 years, signaling labor market resilience in the face of fiscal austerity.
U.S.-EU pact will be trade 'game changer': EU envoy
WASHINGTON (Reuters) - European Union officials on Thursday touted the huge economic potential of a proposed free trade pact with the United States even as they poked fun at its cumbersome name, the Transatlantic Trade and Investment Partnership.
UK launches crackdown on offshore tax evasion
LONDON (Reuters) - The UK tax authority has launched a crackdown on offshore tax evasion after it received a leak of data about companies and trusts in Singapore, the British Virgin Islands and the Cayman Islands.
SAC Capital investors get more time to mull withdrawals: source
NEW YORK (Reuters) - Investors in Steven A. Cohen's SAC Capital Advisors will get a bit more time during the second quarter to decide whether to withdraw money from the $15 billion hedge fund.
Tim Hortons CEO cautious on higher debt, buyback
TORONTO (Reuters) - Tim Hortons Inc is likely to raise its debt levels and buy back shares, but the Canadian coffee-and-doughnut chain is not about to take on as much debt as an activist investor is pushing for, Chief Executive Paul House said on Thursday.
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