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Apr 12, 2010

REUTERS: Daily Investor UpdateDAI: Dow ends above 11,000 on profit optimism, April 12th, 2010




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Good evening Fernando, MON 12 Apr 2010 
Dow ends above 11,000 on profit optimism
Sinopec makes China's biggest Canada oil sands deal
Revisions, divisions slow NBER's recession call
GM to report "solid" Q1 operating results: memo
Palm hires advisers, explores options: source
Retail sales seen up in March on autos
More companies layer on debt to spur growth: S&P
Pimco shuns Greek debt despite rescue package
Demand for hedge funds heated up again in February
White House will not back down from financial reforms


Dow ends above 11,000 on profit optimism
April 12, 2010 04:38 PM ET
NEW YORK (Reuters) - The Dow industrials closed above 11,000 for the first time in almost 19 months on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors.

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Sinopec makes China's biggest Canada oil sands deal
April 12, 2010 04:08 PM ET
CALGARY, Alberta (Reuters) - Chinese state-owned company Sinopec plans to buy ConocoPhillips' stake in the largest project in Canada's oil sands for $4.65 billion, the richest deal yet to expand China's interest in the huge unconventional resource.

Full Article
Revisions, divisions slow NBER's recession call
April 12, 2010 02:11 PM ET
WASHINGTON (Reuters) - The prominent economists who determine the dates when U.S. recessions begin and end have yet to agree on what seems to be a foregone conclusion on Wall Street: the recession is over.

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GM to report "solid" Q1 operating results: memo
April 12, 2010 03:37 PM ET
DETROIT (Reuters) - General Motors Co expects to report "solid" operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.

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Palm hires advisers, explores options: source
April 12, 2010 03:52 PM ET
NEW YORK (Reuters) - Palm Inc has hired bankers to explore several options, including a sale of the company, whose smartphones sales have suffered badly against rivals like the iPhone and BlackBerry.

Full Article
Retail sales seen up in March on autos
April 12, 2010 03:35 PM ET
Retail sales +1.2 pct m/m after February's surprise 0.3 percent gain. Forecasts range from +0.5 pct to +3.0 pct.

Full Article
More companies layer on debt to spur growth: S&P
April 12, 2010 03:46 PM ET
NEW YORK (Reuters) - Taking advantage of easy credit, highly rated U.S. companies are loading up on debt to expand and acquire rivals, sacrificing ratings in the process, Standard & Poor's said on Monday.

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Pimco shuns Greek debt despite rescue package
April 12, 2010 03:40 PM ET
NEW YORK (Reuters) - Pimco will not be buying new Greek debt as it believes a euro zone rescue package fails to tackle the country's longer-term solvency challenges, the chief executive of the bond fund told Reuters.

Full Article
Demand for hedge funds heated up again in February
April 12, 2010 03:18 PM ET
BOSTON (Reuters) - Global hedge funds took in $16.6 billion in new money in February as pension funds and wealthy investors raced to capture a piece of the industry's recent strong returns, data released on Monday show.

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White House will not back down from financial reforms
April 12, 2010 02:53 PM ET
WASHINGTON (Reuters) - The Obama administration vowed on Monday to push for even tougher financial regulation reform, as legislation heads for the Senate floor as soon as next week.

Full Article
REUTERSwww.reuters.com