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Thursday, May 15, 2014

Daily Investor Briefing: Jobless claims hit seven-year low,...

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05/15/2014

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

Jobless claims hit seven-year low, inflation ticks up

WASHINGTON (Reuters) - New applications for U.S. unemployment benefits hit a seven-year low last week while consumer prices recorded their largest increase in 10 months in April, pointing to a firming economy.

Wall St. falls with Wal-Mart; Dow's worst drop in a month

NEW YORK (Reuters) - U.S. stocks fell on Thursday, giving the Dow its worst decline in a month, as small-cap shares extended their retreat and Wal-Mart's results disappointed.

J.C. Penney quarterly sales rise 6.3 percent, shares surge

(Reuters) - Department store operator J.C. Penney Co Inc reported a 6.3 percent rise in first-quarter sales, helped by strong sales of household goods and men's and women's apparel.

Wal-Mart sales growth weakest in five years, outlook cautious

(Reuters) - Wal-Mart Stores Inc forecast second-quarter profit below analysts' estimates after reporting its smallest growth in quarterly sales in nearly five years, as a severe winter kept shoppers from its stores.

Credit Suisse nears $2.5 billion deal to end U.S. tax-evasion probe: sources

(Reuters) - Credit Suisse Group AG is expected to plead guilty and pay more than $2.5 billion to U.S. authorities to resolve charges that the Swiss bank helped Americans evade U.S. taxes, people familiar with the discussions said on Thursday.

GM recalls almost 3 million vehicles, to take charge of up to $200 million

DETROIT (Reuters) - General Motors Co said on Thursday it has issued five more recalls, covering almost 3 million vehicles globally, and is expected to take a charge of up to $200 million.

Amid protests, U.S. FCC proposes new 'net neutrality' rules

WASHINGTON (Reuters) - U.S. regulators on Thursday advanced a "net neutrality" proposal that would ban Internet providers from blocking or slowing down access to websites but may let them charge content companies for faster and more reliable delivery of their traffic to users.

France grabs for power over Alstom future with new takeover law

PARIS (Reuters) - The French government gave itself the power to block foreign corporate takeovers in "strategic" sectors on Thursday, throwing up a potential roadblock to General Electric's $16.9 billion bid for Alstom's energy assets.

SAP to cut between 1,500-2,500 jobs as cloud takes over

STUTTGART, Germany (Reuters) - German software company SAP is planning to cut between 1,500 and 2,500 jobs as software programmes switch to the cloud, meaning fewer onsite staff are required, a source said on Thursday.

Comcast, Charter choose executive to lead spinoff company

(Reuters) - Comcast Corp and Charter Communications Inc said on Thursday that cable veteran Michael Willner will run the cable company that will be spun off as part of a three-way deal that hinges on regulators approving Comcast's $45 billion takeover of Time Warner Cable Inc .