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(Blank Headline Received)By Chuck Mikolajczak NEW YORK (Reuters) - With Friday's U.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. Investors cheered the jobs report on Friday, which showed employment rose at a faster than anticipated pace an April and hiring in the prior two months was much stronger than previously thought. ...


Vote : 6 + vote Category : Stock Markets

FILE - In this Tuesday, June 5, 2012 file photo, Warren Buffett, chairman and CEO, Berkshire Hathaway, Inc., speaks during the Economic Club of Washington's 25th anniversary celebration dinner in Washington. Berkshire Hathaway's first-quarter profit jumped 51 percent as its insurance companies performed well and the value of its investments soared, Buffett's firm said Friday, May 3, 2013. (AP Photo/Cliff Owen, File)OMAHA, Neb. (AP) — Berkshire Hathaway's first-quarter profit jumped 51 percent as its insurance companies performed well and the value of its investments soared.


Vote : 8 + vote Category : Stock Markets

Traders work on the floor at the New York Stock ExchangeBy Herbert Lash NEW YORK (Reuters) - The U.S. dollar surged against the yen and global equity markets rallied on Friday after the U.S. government reported surprisingly strong jobs growth for April that drove optimism on the economy, driving Wall Street stocks to record highs. U.S. nonfarm payrolls rose by 165,000 last month and the jobless rate fell to a four-year low of 7.5 percent, the Labour Department said. Hiring was also much stronger than previously thought in the prior two months, all signs of a resilient jobs market. ...


Vote : 19 + vote Category : Stock Markets
By Braden Reddall SANTA MONICA, California (Reuters) - Occidental Petroleum Corp shareholders voted to oust Executive Chairman Ray Irani after more than two decades of leading the fourth-largest U.S. oil company, in a jarring corporate end ahead of his planned retirement next year. The company had been forced to deny there was a fight at the top after the Wall Street Journal reported pressure from Irani for Chief Executive Steve Chazen to leave, even though Chazen had the support of several big investors. ...
Vote : 12 + vote Category : Stock Markets

A man walks past a doorway at the Fort Worth Regional Office of the SEC in Fort WorthBy Suzanne Barlyn (Reuters) - State securities regulators on Friday urged the SEC to prohibit Wall Street brokerages from requiring customers to settle legal disputes through arbitration, which prevents customers from going to court, joining a chorus of groups opposing such clauses. The North American Securities Administrators Association (NASAA), in a letter to the chairman of the U.S. Securities and Exchange Commission, Mary Jo White, urged the agency to insure that investors have "meaningful remedies and a choice of forums" in which to resolve disputes with brokerages. ...


Vote : 15 + vote Category : Stock Markets
KIGALI (Reuters) - Rwanda expects two companies, Commercial Bank of Rwanda (BCR) and the airline RwandAir, to list on the country's fledgling stock market soon, the head of Rwanda's Capital Market Authority (CMA) said. Robert Mathu, executive director of the CMA, said he expected an initial public offering for BCR, in which the Kigali government holds a 20 percent stake, this year or in 2014. Other companies, including insurance firm Sonarwa, Fina Bank and the local unit of South Africa's telecommunication company, MTN, were all potentials for listing, he said. ...
Vote : 16 + vote Category : Stock Markets

Traders work on the floor at the New York Stock ExchangeBy Chuck Mikolajczak 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. Investors cheered the jobs report on Friday, which showed employment rose at a faster than anticipated pace an April and hiring in the prior two months was much stronger than previously thought. ...


Vote : 8 + vote Category : Stock Markets
Beijing, May 4 (Xinhua-ANI): U.S. stocks continued to rally on Friday, with the S and P 500 closing above the 1,600 milestone level and the Dow hitting 15,000 points for the first time in history, boosted by optimistic U.S. nonfarm payrolls report in April.
Vote : 6 + vote Category : Stock Markets

JPMorgan Chase & Co CEO Dimon speaks about state of global economy at forum hosted by the Council on Foreign Relations (CFR) in WashingtonNEW YORK (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon is scheduled to meet next week with bank examiners from the Office of the Comptroller of the Currency in a meeting the bank requested, the Wall Street Journal reported on Friday. According to the Journal, the meeting provides a rare opportunity for more junior examiners to talk to Dimon and will be held in the style of a town hall meeting. A spokesman for JPMorgan declined to comment. ...


Vote : 18 + vote Category : Stock Markets
(Reuters) - Hedge-fund manager Jeffrey Vinik plans to close Vinik Asset Management after poor performance that coincided with several changes at the firm, the Wall Street Journal reported on Friday. Vinik plans to return several billion dollars to outside investors at the end of June, the newspaper reported. (http://r.reuters.com/ped87t) Vinik, who also owns the Tampa Bay Lightning hockey team, rose to prominence at the helm of Fidelity Investments' Magellan fund in the 1990s. ...
Vote : 7 + vote Category : Stock Markets
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