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Jan 23, 2014

Reuters | Daily Investor Update January 23, 2014:



Wall Street slides on China data, earnings
NEW YORK (Reuters) - U.S. stocks fell on Thursday, with the Dow Jones industrial average recording its third consecutive day of losses, after disappointing manufacturing data in China and a mixed bag of U.S. corporate earnings.
Microsoft profit up on strong commercial sales, no word on CEO
SEATTLE (Reuters) - Microsoft Corp said on Thursday fiscal second-quarter profit rose 3 percent, as strong sales of its Office software to businesses offset another weak quarter for its flagship Windows system, which is suffering as consumers increasingly favor tablets over personal computers.
Exclusive: FBI warns retailers to expect more credit card breaches
WASHINGTON (Reuters) - The FBI has warned U.S. retailers to prepare for more cyber attacks after discovering about 20 hacking cases in the past year that involved the same kind of malicious software used against Target Corp in the holiday shopping season.
Starbucks' growth cooled in latest quarter
(Reuters) - Starbucks Corp on Thursday reported that sales at established stores in its U.S.-dominated Americas region cooled more than analysts expected in its latest quarter as consumers spent more time holiday shopping online than at physical stores.
Homes sales snap losing streak, jobless claims rise
WASHINGTON (Reuters) - U.S. home resales rose in December after three straight months of declines, showing some resilience in the housing market recovery despite higher mortgage rates.
Lenovo to buy IBM's low-end server unit for $2.3 billion
(Reuters) - Chinese PC maker Lenovo Group Ltd has agreed to buy International Business Machine Corp's low-end server business for $2.3 billion in what would be China's biggest technology deal.
IMF warns more work is needed to tackle big bank risk
WASHINGTON (Reuters) - Big banks still pose a threat to the world financial system because there is a general assumption that governments will come to their rescue in case of trouble, an International Monetary Fund executive said on Thursday.
Exclusive: Pentagon report faults F-35 on software, reliability
WASHINGTON (Reuters) - A new U.S. Defense Department report warns that ongoing software, maintenance and reliability problems with Lockheed Martin Corp's F-35 stealth fighter could delay the Marine Corps' plans to start using its F-35 jets by mid-2015.
Exclusive: Germany, France attack EU plan to curb big banks
LONDON (Reuters) - Germany and France have attacked European Union plans to curb banks' ability to take market bets with their own money, warning that this could jeopardize a delicate economic recovery, a paper seen by Reuters showed.
New GM chief vows to stay on course and 'accelerate'
DETROIT (Reuters) - General Motors Co's new chief executive, Mary Barra, said on Thursday she has no plans to deviate from predecessor Dan Akerson's strategy as the No. 1 U.S. automaker pushes for profitability everywhere it operates.