Daily Investor Briefing: Wall Street bounces, takes cue from...

Click to View in Browser 06/12/2012 Wall Street bounces, takes cue from Spanish yields NEW YORK (Reuters) - Stocks took their cues from Europe's troubled debt markets on Tuesday, staging a comeback rally to end up more than 1 percent as Spanish bond yields came off euro-era record highs. Government posts $125 billion deficit in May WASHINGTON (Reuters) - The government posted a budget deficit of $125 billion in May, more than twice the level registered in the same month last year. Chesapeake board nears decision on chairman: director WASHINGTON (Reuters) - Chesapeake Energy Corp's board of directors is close to a decision on who the U.S. oil and gas company's new independent chairman will be, a board member said on Tuesday. Nissan-Renault CEO sees 3-4 years of Europe "stagnation" NEW YORK (Reuters) - Nissan Motor Co and Renault expect "three to four more years of stagnation" in the European auto business, Carlos Ghosn, chief executive officer of both companies, said on Tuesday. ING to pay $619 million over Cuba, Iran sanctions NEW YORK (Reuters) - ING Bank NV agreed to pay $619 million to settle U.S. government allegations that it violated U.S. sanctions against Cuba, Iran and other countries. It was the biggest ever fine against a bank for sanctions violations, officials said. Morgan Stanley "maniacally" focused on cost cuts: CEO (Reuters) - Morgan Stanley is "maniacally focused" on cutting costs apart from compensation and is on track to reduce expenses by $500 million this year, Chief Executive James Gorman said on Tuesday. Safeway launching 5 store brand coffees for Keurig (Reuters) - Safeway Inc is launching under its own store brand five types of filtered coffee pods compatible with Keurig brewers, becoming the latest competitor to Green Mountain Coffee Roasters Inc , which makes the Keurig system and most of the single-serve drink portions that go with it. Wal-Mart bribery review includes Brazil, China WASHINGTON (Reuters) - Lawyers for Wal-Mart Stores Inc have flagged Brazil, China, India and South Africa in addition to Mexico, as countries that represent the highest corruption risk in a global review, according to a letter from lawmakers investigating the company. Europe must quickly finalize Spanish aid plans: Mexico MEXICO CITY (Reuters) - European powers must quickly finalize plans to support Spanish banks, which could mark an important step towards resolving the region's debt crisis, Mexican President Felipe Calderon said on Tuesday. "I hope Rajat is a big boy": Gupta trial wiretap NEW YORK (Reuters) - Lawyers for insider-trading defendant Rajat Gupta on Tuesday played for jurors a 2008 wiretap of now-imprisoned hedge fund manager Raj Rajaratnam apparently confirming he deceived Gupta over a $10 million investment. Related Video Fitch downgrades Spanish banks ECB doesn't expect any country to leave euro -Constancio Related News Retirement savers stay put when employers boost contributions Aging Microsoft lures young tech idealists 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