Daily Investor Briefing: Wall Street slips as Fed eyed, but...

	Click to View in Browser 07/31/2012 Wall Street slips as Fed eyed, but gains in July NEW YORK (Reuters) - Stocks edged lower on Tuesday with traders' sights set again on Wednesday's Federal Reserve statement on the economy and a possible new round of stimulus. Rising home prices show traction in housing recovery NEW YORK/WASHINGTON (Reuters) - Home prices rose for the fourth month in a row in May, suggesting the recovery in the housing market continued to gain traction, even as the broader economy wobbles. Apple lawyer: Samsung deliberately chose to copy iPhone SAN JOSE, California (Reuters) - Apple Inc told jurors on Tuesday that Samsung's internal documents show it made a decision to copy the iPhone because the South Korean company could not compete in the smartphone market on its own. UBS's huge Facebook loss throws doubt on Nasdaq plan NEW YORK (Reuters) - Facebook's disastrous May IPO took on a new dimension on Tuesday, as Swiss bank UBS said it lost more than $350 million on botched order execution and would take legal action against Nasdaq for the exchange's alleged failures. Insight: UAW invokes civil rights at Nissan's Mississippi plant CANTON, Mississippi (Reuters) - As the United Auto Workers embarks on an uphill battle to organize Nissan Motor Co's plant in Mississippi, it is drawing inspiration from the famous struggle waged in the state during the civil rights movement. Pfizer beats Street; shares flirt with five-year high NEW YORK (Reuters) - Pfizer Inc reported higher-than-expected quarterly earnings, helped by cuts to its research and marketing spending, and said it may fully divest its animal health unit following an initial public offering of up to 20 percent of the business. Record joblessness in euro zone; hope fades for quick ECB cure ROME/FRANKFURT (Reuters) - Joblessness in the euro zone hit on Tuesday its highest level since the single currency was born, a further sign of economic desperation as hopes erode that the bloc will be saved by its central bank this week. Euro crisis forces Deutsche to axe investment bank jobs FRANKFURT (Reuters) - Deutsche Bank's new co-chief executive Anshu Jain is to cut 1,500 jobs at the group's investment bank, which he helped build, as part of a drive to save 3 billion euros ($3.69 billion) after a profit slump due to the euro zone crisis. Buffett's Berkshire gets nod for Industrial Insulation deal (Reuters) - Warren Buffett's Berkshire Hathaway has received U.S. antitrust approval for a transaction with Industrial Insulation Group LLC, the Federal Trade Commission said on Tuesday. Consumer confidence rises in July NEW YORK (Reuters) - Consumer confidence unexpectedly rose in July as Americans were more optimistic about the short-term outlook than they were about their current conditions, according to a private sector report released on Tuesday. Related Video Man Utd fans enraged by IPO plans Trading at Noon: Coach stalls, Bud flat & banks bleed Related News Make a stand with hospital paperwork Consumer confidence rises in July 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