Daily Investor Briefing: Facebook second-quarter revenue...

	Click to View in Browser 07/23/2014 Facebook second-quarter revenue increases 61 percent SAN FRANCISCO (Reuters) - Facebook Inc increased its revenue 61 percent in the second quarter, beating Wall Street's target as the Internet company benefited from strong demand for its mobile advertising business. Apple's results lift S&P 500 to record close NEW YORK (Reuters) - U.S. stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on bullish results from Apple, though Boeing dragged on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market's gains in check. GM recalls 717,950 vehicles in U.S., not for ignition switches DETROIT (Reuters) - General Motors Co on Wednesday announced six recalls covering 717,950 vehicles in the United States for varying reasons, although none were related to ignition switch issues. AT&T falls short of revenue estimates, sees record low churn WASHINGTON (Reuters) - AT&T Inc said on Wednesday its quarterly revenue rose, but slightly less than Wall Street forecasts, as a popular offering to bill customers for devices separately from their wireless plans drew in the most contract subscribers in five years. NY Fed found serious problems at Deutsche Bank's U.S. arms: sources FRANKFURT (Reuters) - The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, people close to the matter told Reuters. Qualcomm posts higher quarterly results, outlook weighs SAN FRANCISCO (Reuters) - Leading mobile chipmaker Qualcomm Inc posted higher fiscal third-quarter results, but its revenue outlook for the September quarter was below Wall Street's expectations, depressing its stock price. IMF cuts U.S. 2014 growth forecast to 1.7 percent WASHINGTON (Reuters) - The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the second half of the year. Ex-Jefferies trader gets two years in prison in fraud case NEW HAVEN Conn. (Reuters) - A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established after the 2008 financial crisis was sentenced on Wednesday to two years in prison. Yum China cuts ties to owner of plant in meat scandal after arrests SHANGHAI/LANGFANG China (Reuters) - Yum Brands Inc's China division severed ties to OSI China after Shanghai police detained five people from that supplier's meat processing factory at the center of a food safety scare that has ensnared several major Western brands. No new 'Bond King' for Pimco when Gross reign ends FRANKFURT (Reuters) - When Bill Gross eventually retires as chief investment officer of California-based asset manager Pimco, his "Bond King" crown will go with him. Related Video Breakingviews: Apple's coiled spring Israel flight ban hits troubled sector Related News SEC backs ban on investor settlements erasing complaints from broker records U.S. regulators, states sue law firms over mortgage relief scams A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend