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Monday, July 7, 2014

Daily Investor Briefing: Madoff trustee is dealt fresh legal...

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07/7/2014
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
Madoff trustee is dealt fresh legal setback
NEW YORK (Reuters) - A federal judge has limited the ability of the trustee seeking money for victims of Bernard Madoff's Ponzi scheme to recoup sums allegedly transferred fraudulently outside the United States.
U.S., Amex duel at antitrust trial over credit card fees
NEW YORK (Reuters) - American Express Co has hindered price competition in the U.S. credit card market and prevented merchants and consumers from reaping cost savings, a lawyer for the U.S. government said on Monday during the first day of a trial in Brooklyn federal court.
Pershing Square offers slate for Allergan board
(Reuters) - William Ackman's Pershing Square Capital Management proposed on Monday a slate of six directors for the board of Allergan Inc as the hedge fund presses forward with its $53 billion takeover bid with Valeant Pharmaceuticals International Inc for the Botox maker.
U.S. arrests Russian in hacking of retail systems
WASHINGTON (Reuters) - U.S. authorities have arrested a Russian man accused of hacking into American retailers' computer systems to steal credit card data from 2009 to 2011, officials said on Monday.
Obama-era trade law survives Chinese appeal at WTO
GENEVA (Reuters) - China failed to overturn a U.S. law targeting unfair trade subsidies on Monday, when the World Trade Organization's Appellate Body said it did not have enough information to uphold China's appeal against an earlier WTO ruling.
U.S. agribusiness ADM to acquire Wild Flavors for $3 billion
LONDON/FRANKFURT (Reuters) - U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros ($3 billion) to enter the flavoring and the health-conscious food sectors.
U.S. pushes China to give ground on technology trade deal
WASHINGTON (Reuters) - The United States on Monday urged China to give ground on a deal to eliminate duties on billions of dollars of technology products and said it would use talks in Beijing later this week to push to restart negotiations.
China signs deal to purchase 123 Airbus helicopters
BEIJING/PARIS (Reuters) - Airbus Group NV's helicopter division sealed a $600 million deal on Monday to sell 123 helicopters to Chinese companies during a visit by German Chancellor Angela Merkel.
NYSE, asset managers call for lowering 'access' fees
WASHINGTON (Reuters) - The New York Stock Exchange and two prominent asset managers will call for reforms on Tuesday to lower the cap on fees exchanges can charge brokers to enter the market, according to prepared testimony reviewed by Reuters.
Deals of the day- Mergers and acquisitions
(Adds Allergan, Fiat, Intesa Sanpaolo, Siemens, Omega Pharma,Mitsubishi, Sucafina, New Landsbanki, PSP Investment, AfricanBank Investments and Aareal)
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