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Dow ends above 15,000 for first time, S&P closes at record

May 7th, 2013 admin Posted in Negocios No Comments »

By Caroline Valetkevitch NEW YORK (Reuters) – The Dow closed above 15,000 for the first time on Tuesday and the S&P 500 ended at another record high, extending the market’s rally as more investors rushed to join the party and German industrial data beat expectations. It was the fourth straight record close for the S&P 500. Both the Dow and the S&P 500 hit intraday record highs as well. "People are concerned they’re missing the boat if they’re not fully invested in the stock market right now," said Eric Kuby, chief investment officer of North Star Investment Management Corp. , in Chicago. . . .

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Citigroup sues Barclays over losses tied to Lehman

May 7th, 2013 admin Posted in Negocios No Comments »

(Reuters) – Citigroup Inc has sued Barclays Plc to recover more than $141 million for providing foreign exchange services to a unit of Lehman Brothers Holdings Inc soon after Lehman’s bankruptcy. The complaint filed late Monday in the U. S. District Court in Manhattan related to Citigroup’s role in the Continuous Linked Settlement system, which was designed to ensure that foreign exchange trades are completed. Citigroup said it sought to stop settling trades for Lehman’s brokerage unit on September 17, 2008, two days after Lehman went bankrupt, because it was incurring large losses. . . .

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Stock futures little changed, S&P coming off another record close

May 7th, 2013 admin Posted in Negocios No Comments »

By Ryan Vlastelica NEW YORK (Reuters) – Stock index futures were flat on Tuesday as investors found little reason to keep pushing shares higher following a day on which the S&P 500 ended at yet another record high. * Wall Street has advanced more than 13 percent so far this year, outpacing gains for all of 2012 in about five months. The gains have come on strong corporate results and accommodative policies from the Federal Reserve, two factors that may now be priced into markets. . . .

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New York to sue BofA, Wells Fargo over mortgage practices

May 6th, 2013 admin Posted in Negocios No Comments »

By Karen Freifeld and Aruna Viswanatha NEW YORK (Reuters) – New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage servicing abuses. Schneiderman issued the announcement, which suggests lawsuits could be filed against the banks within two months, ahead of a widely anticipated report from the monitor for the multi-state settlement, which is expected to be critical of banks. . . .

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S&P 500 closes at record again; financials, Apple lead

May 6th, 2013 admin Posted in Negocios No Comments »

By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 closed at another record high, pushing further above 1,600 as financial shares led the way after Bank of America’s settlement with MBIA. Apple’s advance helped lift both the S&P and the Nasdaq. Bank of America said it would settle claims with MBIA for $1. 6 billion, lifting shares of both companies as well as the S&P financial sector Index , which gained 1 percent. MBIA shares jumped 45. 4 percent to $14. 29 and Bank of America shares rose 5. 2 percent to $12. 88. The day’s gains followed a strong run in stocks since the start of the year. . . .

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Buffett says economy on mend, bonds ‘terrible’ investment

May 6th, 2013 admin Posted in Negocios No Comments »

By Jonathan Stempel (Reuters) – Warren Buffett said on Monday the U. S. economy is gradually improving, helped by the efforts of Federal Reserve Chairman Ben Bernanke to stimulate it, but that low interest rates have made bonds "terrible investments. " Speaking on CNBC television, Buffett said the economy is benefiting from improvement in areas that had not previously performed well, particularly homebuilding. . . .

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Asian stocks spurred higher by U. S. data; Aussie falters

May 6th, 2013 admin Posted in Negocios No Comments »

By Ian Chua and Vidya Ranganathan SYDNEY/SINGAPORE (Reuters) – Asian stocks rose on Monday as investors cheered the upbeat U. S. labor force report that sent Wall Street to an all-time closing high last week, while the dollar held its ground against the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed nearly one percent with Australia’s main share index also about a percent higher. Malaysian shares were the biggest gainers, rising 3 percent after the ruling coalition government won a tight election. . . .

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Asian stocks inspired by Wall Street rally, U. S. data

May 5th, 2013 admin Posted in Negocios No Comments »

By Ian Chua SYDNEY (Reuters) – Asian stocks rose on Monday as investors gave the thumbs up to an upbeat U. S. labor force report that sent Wall Street to an all-time closing high last week, while the dollar held its ground against the yen. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0. 5 percent with Australia’s main share index more than 1. 0 percent higher. South Korean shares advanced 0. 7 percent. Japanese financial markets are shut on Monday for a public holiday and will reopen on Tuesday. The gains came after data on Friday showed U. S. . . .

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Buffett devotees stick by him even as growth slows

May 5th, 2013 admin Posted in Negocios No Comments »

By Jonathan Stempel and Jennifer Ablan OMAHA, Nebraska (Reuters) – Short-seller Douglas Kass, Warren Buffett’s handpicked bear, raised a concern on the minds of many shareholders at the "Woodstock for capitalists" this weekend: Has Berkshire Hathaway Inc become so big that it will find it hard to grow? Many retail investors who converged on Omaha, Nebraska, for Berkshire’s annual meeting on Saturday acknowledged that its fastest growth days are likely behind it. . . .

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With caution, Japan’s neighbors welcome ‘Abenomics’

May 5th, 2013 admin Posted in Negocios No Comments »

By Rajesh Kumar Singh and Tetsushi Kajimoto GREATER NOIDA, India (Reuters) – Emerging Asian neighbors are bracing for a surge in capital flows after Japan’s unprecedented bid to pump up its long-moribund economy but most believe the upside of cheap cash and a stronger Japanese economy outweighs the risks. The Bank of Japan stunned global markets last month with its plan to release some $1. 4 trillion to end nearly two decades of stagnation and deflation, adding to the wave of quantitative easing stimulus already unleashed by central banks including the U. S. . . .

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