Daily Investor Briefing: Wall St. closes down, but off session...

	Click to View in Browser 06/4/2013 Wall St. closes down, but off session lows NEW YORK (Reuters) - Stocks ended lower on Tuesday, resuming their recent decline as investors took profits amid speculation the Federal Reserve may reduce its economic stimulus. Widening trade gap offers mixed signals on economy WASHINGTON (Reuters) - Trade deficit widened in April as a rise in imports offset a rebound in exports, suggesting trade could drag on growth in the second quarter even as demand holds up. Senators mull timetable for liquidating Fannie Mae, Freddie Mac WASHINGTON (Reuters) - Mortgage financiers Fannie Mae and Freddie Mac would be liquidated within five years and replaced by an entity offering government reinsurance for mortgage-backed debt under draft legislation from a bipartisan group of U.S. senators. Amazon plans major move into grocery business SAN FRANCISCO (Reuters) - Amazon.com Inc is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors yet to be upended by e-commerce, according to two people familiar with the situation. Job gains seen lackluster, may temper Fed taper talk WASHINGTON (Reuters) - Job growth probably picked up only slightly in May, suggesting the economy is still in a rut and not ready for the Federal Reserve to dial back its monetary support. Ex-Goldman VP Tourre loses bid to narrow SEC fraud case NEW YORK (Reuters) - Former Goldman Sachs Group Inc Vice President Fabrice Tourre lost a bid to limit a U.S. Securities and Exchange Commission civil fraud case against him over a transaction that led to a $550 million settlement by the Wall Street bank. Chrysler disputes U.S. recall of 2.7 million Jeep vehicles DETROIT (Reuters) - Chrysler Group LLC disputed a decision by U.S. regulators to recall 2.7 million older model Jeep vehicles for safety problems, saying in a statement on Tuesday that the conclusion is based on an "incomplete analysis of the underlying data." Sprint may delay SoftBank shareholder vote: Bloomberg (Reuters) - The board of Sprint Nextel Corp may delay next week's shareholder vote on a takeover by SoftBank Corp , Bloomberg reported on Tuesday. AMR can send restructuring plan to creditors for a vote: judge NEW YORK (Reuters) - American Airlines' bankrupt parent received court permission on Tuesday to send its restructuring plan to creditors for a vote, bringing its planned $11 billion merger with US Airways Group a step closer to reality. IKEA founder steps further back, youngest son takes key role STOCKHOLM (Reuters) - Ingvar Kamprad, creator of Swedish furniture retailer IKEA, is to take another step back from his company as the youngest of his three sons takes a key board role in a gradual handover of power. Related Video China trade war fears remain despite EU solar ruling Techquity: Microsoft closing in on Apple, Amazon ad power Related News Lock in now or risk years of regret DoubleLine Floating Rate Fund opens to public on July 1 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