DAI: S&P 500 ends up after paring losses

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Good evening Postlinuxeg, TUE 25 May 2010    S&P 500 ends up after paring losses Consumer confidence rises despite market upheaval WaMu shareholders want to investigate JPMorgan European banks settle Madoff cases, Swiss hold out Twelve senators named to Wall St reform panel Democrats' jobs, fund tax bill delayed No need to force banks out of swaps business: Frank Three Fed banks wanted discount rate hike in April Microsoft Xbox, phone chief out as unit struggles Germany eyes wider short-selling ban as euro slides Germany aims for tighter trade rules Business Update: Fear digs deep Pru faces opposition over merger S&P 500 ends up after paring losses May 25, 2010 04:08 PM ET NEW YORK (Reuters) - The S&P 500 index ended up slightly on Tuesday after paring steep losses late in the session as investors bought beaten-down shares. Full Article Consumer confidence rises despite market upheaval May 25, 2010 11:45 AM ET NEW YORK (Reuters) - Consumer confidence rose in May to its highest since March 2008, as an improving jobs outlook defied for now the growing fears about European debt market turmoil and threats to global growth. Full Article WaMu shareholders want to investigate JPMorgan May 25, 2010 04:29 PM ET WILMINGTON, Delaware (Reuters) - Shareholders of bankrupt Washington Mutual Inc asked a federal judge for permission to investigate JPMorgan Chase & Co for its role in the failure of Washington Mutual Bank, according to court documents filed on Tuesday. Full Article European banks settle Madoff cases, Swiss hold out May 25, 2010 03:28 PM ET NEW YORK (Reuters) - Some 20 European banks including HSBC Holdings Plc have agreed to reimburse non-U.S. investors for $15.5 billion of losses from convicted swindler Bernard Madoff's Ponzi scheme, but some Swiss lenders remain holdouts, a lawyer representing victims said. Full Article Twelve senators named to Wall St reform panel May 25, 2010 03:51 PM ET WASHINGTON (Reuters) - The Senate named 12 senators, including tough Wall Street critics and more moderate members, Tuesday to a panel that will finalize the most sweeping overhaul of financial regulations since the 1930s. Full Article Democrats' jobs, fund tax bill delayed May 25, 2010 02:03 PM ET WASHINGTON (Reuters) - Democrats in Congress are racing against the clock to renew unemployment benefits for hundreds of thousands of jobless Americans, in legislation that also raises taxes on investment fund managers and multinational companies. Full Article No need to force banks out of swaps business: Frank May 25, 2010 04:35 PM ET WASHINGTON/NEW YORK (Reuters) - A U.S. lawmaker charged with a key role in hammering out a final financial regulation bill said on Tuesday there is no need to force banks out of the lucrative over-the-counter derivatives business -- a potentially big win for Wall Street firms. Full Article Three Fed banks wanted discount rate hike in April May 25, 2010 04:22 PM ET WASHINGTON (Reuters) - Three regional Federal Reserve banks last month wanted to raise the discount rate, which the Fed charges banks for emergency loans, according to minutes from Fed meetings released on Tuesday. Full Article Microsoft Xbox, phone chief out as unit struggles May 25, 2010 03:20 PM ET SEATTLE (Reuters) - Microsoft Corp's Robbie Bach, head of the video games and mobile phones unit, is retiring in a management shuffle, as Chief Executive Officer Steve Ballmer tightens his grip over a division steadily ceding ground to rivals. Full Article Germany eyes wider short-selling ban as euro slides May 25, 2010 12:09 PM ET BERLIN/ROME (Reuters) - Germany may widen its ban on speculative financial trades to cover all shares, a government document showed on Tuesday, as fears about the euro zone's debt crisis sent stocks and the euro plunging further. Full Article

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