Daily Investor Briefing: Wall Street rebounds, but investors...

Click to View in Browser 05/21/2012 Wall Street rebounds, but investors dump Facebook NEW YORK (Reuters) - Stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Jury selected for Gupta insider trading trial NEW YORK (Reuters) - The insider-trading trial of former Goldman Sachs board member Rajat Gupta, who is accused of spilling secrets about the investment bank, began on Monday with the government saying it would call a former top Goldman banker and a current board member as two of its first witnesses. Facebook shares sink 11 percent as reality overtakes hype (Reuters) - Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks. Apple, Samsung CEOs in U.S. court talks on patents SAN FRANCISCO (Reuters) - The chief executives of Apple Inc and Samsung Electronics Co Ltd were summoned for court-directed mediation on Monday over the iPhone maker's claims the Korean firm has "slavishly" copied some of its products. Yahoo to sell an Alibaba stake for $7.1 billion, shares rise SHANGHAI/NEW YORK (Reuters) - Chinese Internet entrepreneur Jack Ma's Alibaba Group is buying back up to half of Yahoo Inc's 40 percent stake for $7.1 billion in a deal that moves the Chinese e-commerce leader closer to a public listing. Lawmakers frustrated in Wal-Mart corruption probe WASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer familiar with the investigation said. EU offers Google last chance in antitrust case BRUSSELS (Reuters) - The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine. Exclusive: U.S. lets China bypass Wall Street for Treasury orders NEW YORK (Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters. Eaton to buy Cooper Industries for $11.8 billion (Reuters) - Diversified industrial manufacturer Eaton Corp struck a deal to buy electrical equipment maker Cooper Industries Plc for $11.8 billion in cash and stock and said it would shift its incorporation to Ireland to save on taxes. JPMorgan stops stock buybacks, maintains dividend NEW YORK (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon took another step that showed humility and caution in the wake of a stunning $2 billion loss, or more, on derivatives by announcing on Monday that the company will quit spending capital on stock buybacks. Related Video Investors dislike Facebook on day 2 Trading at Noon: Following Facebook's Rise and Fall Related News What if Europe and U.S. decouple? Management Tip of the Day: Streamline your company 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