Daily Investor Briefing: Yellen defends loose Fed policy, says...

	Click to View in Browser 07/15/2014 Yellen defends loose Fed policy, says job market still too weak WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen said U.S. labor markets are far from healthy and signaled the Fed will keep monetary policy loose until hiring and wage data show the effects of the financial crisis are "completely gone." Intel's revenue outlook tops expectations, shares rise SAN FRANCISCO (Reuters) - Intel Corp forecast third-quarter revenue above Wall Street's expectations, signaling that a shrinking personal computer industry may be stabilizing. JPMorgan profit declines 8 percent as fixed-income trading slides (Reuters) - JPMorgan Chase & Co JPM.N, the biggest U.S. bank by assets, said on Tuesday that second-quarter profit fell 8 percent after customer stock and bond trading volume dropped and mortgage lending fees plunged. Yahoo second-quarter net revenue declines to $1.04 billion SAN FRANCISCO (Reuters) - Yahoo Inc's revenue declined in the second quarter as the Internet company's rates for online display ads plummeted by 24 percent, it said on Tuesday. S&P 500, Nasdaq end down after Yellen comments NEW YORK (Reuters) - Stocks mostly pulled back on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some equity sectors. Deal shows Reynolds prefers menthols to e-cigarettes (Reuters) - Reynolds American Inc's proposed $25 billion acquisition of smaller rival Lorillard Inc shows how the tobacco company is placing its bets on the market for menthols even as a growing number of smokers opt for e-cigarettes. Ex-Ford chief Mulally joins Google's board SAN FRANCISCO (Reuters) - Google Inc has appointed former Ford Motor Co CEO Alan Mulally to its board of directors, drafting a seasoned Detroit executive into its ranks as it develops a self-driving car and tries to get its software into more automobiles. Buffett donates $2.8 billion to Gates, family charities (Reuters) - Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth. U.S. retail sales, manufacturing data point at firming economy WASHINGTON (Reuters) - A gauge of U.S. consumer spending rose solidly in June, in the latest indication that the economy ended the second quarter on a stronger footing. Madoff sons took millions for real estate, trustee alleges NEW YORK (Reuters) - Bernard Madoff's sons created accounts out of thin air and engineered sham loans to buy pricey Manhattan real estate as they diverted tens of millions of dollars of money from their father's firm, a court-appointed trustee said on Tuesday. Related Video UK regulators cap pay-day lenders UK seeks place in space race Related News How much do U.S. brokers make? Their business cards provide clues Retirees: Have you checked bank CD rates lately? 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