Daily Investor Briefing: Wall Street rebounds; Syria concerns...

	Click to View in Browser 08/28/2013 Wall Street rebounds; Syria concerns lift energy shares NEW YORK (Reuters) - Wall Street stocks rose on Wednesday, rebounding after two days of losses as energy shares rose alongside another jump in crude prices. BofA's Merrill to settle racial bias suit for $160 million WASHINGTON (Reuters) - Brokerage firm Merrill Lynch has agreed to pay $160 million to settle a class-action race discrimination lawsuit brought by a longtime U.S. employee, an attorney for the plaintiffs confirmed on Wednesday. Housing recovery loses a step as pending home sales fall WASHINGTON (Reuters) - Contracts to purchase previously owned U.S. homes fell for the second straight month in July, a sign that rising mortgage rates are taking the steam out of America's housing market recovery. JPMorgan may settle U.S., UK 'Whale' probes for $600 million: source NEW YORK (Reuters) - JPMorgan Chase & Co is in talks with a group of regulators, including U.S. prosecutors, to settle probes of the bank's "London Whale" trading losses last year for about $600 million, according to a person familiar with the talks. Pentagon official sees defense M&A slowed by budget impasse WASHINGTON (Reuters) - The Pentagon's top manufacturing official expects a spate of merger and acquisition activity - and a doubling of efforts by foreign companies to take over U.S. arms makers - once the uncertain U.S. budget outlook becomes clearer. Activision sets launch date for $2.5 billion credit NEW YORK (Reuters) - Video game publisher Activision Blizzard is expected to launch September 4 its new $2.5 billion credit backing the company's plan to spin itself off from Vivendi and buy back shares, loan investors told Thomson Reuters LPC. Russia potash row seen causing market tumult and a price drop BEIJING/MUMBAI (Reuters) - The global potash market could suffer short-term turbulence as it faces a potentially large price drop because of an escalating dispute between major exporters Russia and Belarus over the collapse of their once-mighty cartel. Chase site in Dallas 'Uptown' section up for sale: sources (Reuters) - JPMorgan Chase & Co is selling a drive-through bank branch in a toney Dallas neighborhood in a deal that could fetch $15 million to $20 million, according to sources familiar with the sale. Swiss government ready to sign tax deal with United States ZURICH (Reuters) - Switzerland said it is ready to end a long-running dispute with U.S. prosecutors over Swiss banks that have sheltered tax evaders, without disclosing any terms of the deal. Emirates plans to more than double U.S. destinations NEW YORK (Reuters) - Emirates Airline plans to more than double its network of U.S. destinations in the next three to five years to a total of 15 U.S. cities, up from seven currently, a company official said. Related Video Legal claims to JPMorgan cash pile up Breakingviews: Fracking foreign policy Related News Another key factor for stock investors to watch Money milestones for every decade 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