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Wednesday, May 29, 2013

Daily Investor Briefing: Nasdaq to pay $10 million to settle...

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05/29/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Nasdaq to pay $10 million to settle SEC charges from Facebook snafu
WASHINGTON (Reuters) - Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's initial public offering last year, U.S. securities regulators said on Wednesday.
Wall Street falls as dividend-paying stocks lag
NEW YORK (Reuters) - Stocks fell on Wednesday as high-yielding dividend stocks lost some of their luster after recent gains in U.S. Treasury bond yields.
China's Shuanghui to buy Smithfield Foods for $4.7 billion
HONG KONG/NEW YORK (Reuters) - China's Shuanghui International said it would buy Smithfield Foods Inc for $4.7 billion in cash to help satisfy growing demand for U.S.-made pork in its home market, but the deal may raise concerns in the United States.
Switzerland frees banks to settle U.S. tax evasion cases
ZURICH (Reuters) - Switzerland aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to U.S. prosecutors.
Internet sales tax may help U.S. state, local governments: S&P
(Reuters) - Standard & Poor's Ratings Services said on Wednesday the Marketplace Fairness Act bill passed by the U.S. Senate in early May to allow states to collect sales taxes from on-line purchases could help state and local governments stave off some revenue losses.
Chevron, Exxon investors sustain calls for fracking disclosure
SAN RAMON, Calif./DALLAS (Reuters) - About 30 percent of shareholders of both Exxon Mobil Corp and Chevron Corp on Wednesday backed calls for more disclosure surrounding their use of hydraulic fracturing, the top two U.S. oil companies said.
Sallie Mae to split into two companies, names new CEO
(Reuters) - Sallie Mae Corp , the largest U.S. student loan provider, said it would split into two publicly traded companies as it seeks better valuation for its private student lending business.
U.S. decries 'hostage-taking' in trade talks, sees hope on IT deal
PARIS (Reuters) - A global agreement to cut red tape in world trade, which could be worth hundreds of billions of dollars to the world economy, is being stymied by some countries' "hostage-taking", a top U.S. trade official said on Wednesday.
Total settles U.S. bribe probe for $398 million; CEO may be tried
PARIS/NEW YORK (Reuters) - Total SA agreed to pay $398.2 million to settle U.S. criminal and civil allegations that it paid bribes to win oil and gas contracts in Iran, and a French prosecutor has recommended that the company and its chief executive be brought to trial.
Panel to review split ruling in Apple, Samsung patent fight
WASHINGTON (Reuters) - A trade panel that specializes in patent cases will reconsider a split decision made by one of its judges in a long-running patent battle between Samsung Electronics Co Ltd and Apple Inc.
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