Daily Investor Briefing: Wall St. hits new record as Bank of...

	Click to View in Browser 05/6/2013 Wall St. hits new record as Bank of America gains NEW YORK (Reuters) - The S&P 500 edged up on Monday to yet another record closing high, pushing further above 1,600 and extending Friday's rally as financial shares led the way after Bank of America's settlement with MBIA. New York to sue BofA, Wells Fargo over mortgage practices NEW YORK (Reuters) - New York Attorney General Eric Schneiderman said on Monday he plans to sue Bank of America Corp and Wells Fargo and Co for violating the terms of a settlement designed to end mortgage servicing abuses. MBIA, Bank of America reach $1.6 billion settlement (Reuters) - Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday. Buffett says economy on mend, bonds 'terrible' investment (Reuters) - Warren Buffett said the U.S. economy is gradually improving, but low interest rates have made bonds "terrible investments" while stocks remain "reasonably priced." BMC to go private in $6.9 billion deal led by Bain, Golden Gate (Reuters) - Business software maker BMC Software Inc, whose anemic growth has been a source of frustration for its largest shareholder, said it would be taken private by a group led by Bain Capital and Golden Gate Capital for about $6.9 billion. Judge blocks auction rate arbitration against Citigroup NEW YORK (Reuters) - For the second time in a week, a federal judge has blocked a securities arbitration against Citigroup Inc , allowing the bank to avoid fighting a multi-million dollar case before Financial Industry Regulatory Authority arbitrators. Mayrhuber back in running for Lufthansa supervisory board FRANKFURT (Reuters) - Former Lufthansa Chief Executive Wolfgang Mayrhuber is back in the running to become supervisory board chairman of Germany's biggest airline after overcoming shareholder opposition to his candidacy. Friend of ex-KPMG auditor pleads guilty in insider case NEW YORK (Reuters) - The California jeweler who gave a former KPMG auditor cash, merchandise and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers. Merrill Wealth rehires Chhabra as chief investment officer NEW YORK (Reuters) - Merrill Lynch Wealth Management on Monday said it has hired Ashvin Chhabra as chief investment officer and head of investment management, overseeing about 150 strategists who design portfolios for wealthy clients. Treasury says to begin selling remaining GM stake WASHINGTON (Reuters) - The Treasury Department said on Monday it will begin another round of sales of the General Motors Co stock it acquired during the government's bailout of the U.S. auto sector. Related Video Techquity: Cosying up to Apple, Google living the high-life Daily Digit: $130 bln for Verizon Wireless Related News Made in America label stages comeback at stores Hong Kong IPO market heats up with $3.5 billion Sinopec unit, Galaxy Securities deals 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