| | Upbeat data brighten economic outlook | WASHINGTON (Reuters) - The economy appears to be gaining momentum with data showing strong gains in business spending plans last month and the largest annual rise in house prices in seven years in April. | | | | | Strong data trigger Wall St. rebound | NEW YORK (Reuters) - Stocks rose the most in nearly two weeks on Tuesday after strong housing and durable goods data reassured investors worried about the Federal Reserve's plans to wind down its economic stimulus. | | | | | | Former Oregon politician pleads guilty to Facebook IPO fraud | NEW YORK (Reuters) - Former Oregon gubernatorial candidate Craig Berkman pleaded guilty on Tuesday to defrauding investors by persuading them he could use their money to buy shares of Facebook Inc before the company's May 2012 initial public offering. | | | | | | Sprint shareholders give thumbs up to SoftBank deal | OVERLAND PARK, Kansas (Reuters) - Shareholders of Sprint Nextel Corp voted on Tuesday in favor of a sweetened takeover offer from SoftBank Corp , ending a contentious takeover battle for the No. 3 U.S. wireless service provider. | | | | | | U.S. hedge fund Scout steps up pressure on Tim Hortons | TORONTO (Reuters) - Scout Capital Management, a U.S. hedge fund, said on Tuesday it is urging Canadian coffee and doughnut chain Tim Hortons to increase its debt levels in order to fund a share buyback, measures that Scout say should help drive up Tim Horton's share price by as much as 100 percent from current levels. | | | | | | | | 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 | |