DAI: Wall Street buoyed by strong tech shares

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Good evening Postlinuxeg, FRI 11 Jun 2010    Wall Street buoyed by strong tech shares Retail sales slump but consumer mood perks up JPMorgan, Morgan Stanley set to lead GM IPO Goldman's CDO woes mean dollar signs for lawyers Asset sales wouldn't disrupt markets: Fed's Plosser High-frequency trader Getco hires key SEC staffer BP sees $3-$6 billion oil spill cleanup bill: analyst Plosser wants asset sales; Kocherlakota warns on banks Boeing settles one strike but another threat looms Buffett lunch gets $1.5 million bid on final day BP bounces as UK rallies Business Update: U.S. sales drop BP bounces as UK rallies Wall Street buoyed by strong tech shares June 11, 2010 04:14 PM ET NEW YORK (Reuters) - Stocks rose in light volume on Friday as a strong forecast from a chip maker lifted tech shares and helped relieve concerns about the economy's health after an unexpected drop in retail sales. Full Article Retail sales slump but consumer mood perks up June 11, 2010 02:56 PM ET WASHINGTON (Reuters) - Sales at retailers unexpectedly fell in May for the first time in eight months but a jump in consumer sentiment to a near 2-1/2 year high in early June tempered fears of a slowing economic recovery. Full Article JPMorgan, Morgan Stanley set to lead GM IPO June 11, 2010 03:58 PM ET NEW YORK (Reuters) - JPMorgan Chase & Co and Morgan Stanley are set to be the lead underwriters on the General Motors initial public offering, a source told Reuters on Friday. Full Article Goldman's CDO woes mean dollar signs for lawyers June 11, 2010 02:52 PM ET NEW YORK (Reuters) - Goldman Sachs Group Inc's mounting legal and regulatory woes stemming from the firm's sale of subprime mortgage-linked securities are turning into gold for a growing number of lawyers in New York and Washington. Full Article Asset sales wouldn't disrupt markets: Fed's Plosser June 11, 2010 10:24 AM ET ALTOONA, Pennsylvania (Reuters) - U.S. financial markets would be able to stomach gradual sales of the more than $1.4 trillion of mortgage-related debt the Federal Reserve bought to fight the credit crisis, a top Fed official said on Friday. Full Article High-frequency trader Getco hires key SEC staffer June 11, 2010 12:39 PM ET MONTREAL (Reuters) - Getco LLC, a big market maker and high-frequency trader, has hired a key U.S. Securities and Exchange Commission associate in charge of crafting rules for the equity and option markets. Full Article BP sees $3-$6 billion oil spill cleanup bill: analyst June 11, 2010 12:09 PM ET LONDON (Reuters) - BP expects the total bill for the clean up of the Gulf of Mexico oil spill to be $3-6 billion, an analyst briefed by the oil giant's Chief of Staff said in a research note on Friday. Full Article Plosser wants asset sales; Kocherlakota warns on banks June 11, 2010 03:10 PM ET MINNEAPOLIS (Reuters) - Two Federal Reserve officials on Friday painted divergent pictures of U.S. economic strength, suggesting a growing split at the central bank that could affect the outlook for interest rates. Full Article Boeing settles one strike but another threat looms June 11, 2010 12:38 PM ET CHICAGO (Reuters) - Boeing Co workers at a C-17 plant in Long Beach, California, will return to the job on Monday, ending a one-month strike, but Boeing faces another possible work stoppage at a plant in St. Louis. Full Article Buffett lunch gets $1.5 million bid on final day June 11, 2010 04:19 PM ET NEW YORK (Reuters) - A bidder offered to pay $1,500,100 for a steak lunch with the billionaire investor Warren Buffett as the annual charity auction on eBay Inc's website entered its final hours. Full Article

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