Daily Investor Briefing: Defensives rally on flat day for Wall...

Click to View in Browser 03/12/2012 Defensives rally on flat day for Wall Street NEW YORK (Reuters) - Defensive names rallied in an otherwise flat day for Wall Street on Monday as investors paused after recent gains and looked ahead to the Federal Reserve's monetary policy statement. Yahoo files patent lawsuit against Facebook SAN FRANCISCO (Reuters) - Yahoo Inc sued Facebook Inc on Monday over 10 patents that include methods and systems for advertising on the Web, according to a copy of the lawsuit. Citigroup could be surprise winner in stress tests (Reuters) - Citigroup Inc may be a surprise winner when the Federal Reserve reveals the results of bank stress tests designed to gauge the health of the biggest U.S. banks. PepsiCo deepens management bench (Reuters) - PepsiCo Inc revamped its global structure on Monday in a move that deepens its management bench and could pave the way for an eventual successor to Chief Executive Indra Nooyi. Youku to buy Tudou, creating China online video giant SHANGHAI (Reuters) - China's top two online video companies are joining forces, with Youku.com buying smaller rival Tudou Holdings Ltd in an all-stock deal worth more than $1 billion, creating an industry leader with more than a one-third share of a market that is losing money as it battles rising costs. WTO found $3 billion - 4 billion in illegal subsidies for Boeing: USTR WASHINGTON (Reuters) - The World Trade Organization has ruled that aircraft manufacturer Boeing received $3 billion to $4 billion in illegal subsidies in the form of federal research grants and local tax breaks, the top trade official said on Monday. CBOE "happily solo," no need for M&A: CEO Brodsky BONITA SPRINGS, Florida (Reuters) - The Chicago Board Options Exchange sees no need for a merger and is "happily solo," CBOE Holdings Inc CEO William Brodsky said on Monday. UPS won't raise TNT bid price much: sources (Reuters) - United Parcel Service will only sweeten its 4.9 billion euros ($6.4 billion) bid for Dutch parcel-delivery firm TNT Express by a symbolic amount at best, three sources close to the talks said. PG&E to pay San Bruno city $70 million for pipeline accident (Reuters) - Utility company PG&E Corp said it will pay $70 million to the city of San Bruno, to resolve and settle claims following a natural gas pipeline blast in 2010. Legg Mason's Peters bets on Apple, MetLife to spark resurgence BOSTON (Reuters) - Sam Peters, the money manager hired to breathe new life into Bill Miller's famed $2.5 billion Legg Mason Inc fund, thinks the time is right for a stock-picking renaissance. Related Video Ministers meet to sign off Greek cash Economy 2012: U.S. consumer sentiment to tone up Related News Fund-award winners buck expectations, stereotypes Hedging your frequent flyer miles 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