Business Today: Wells Fargo reports slight profit rise, says economy improving

		Click to View in Browser 07/11/2014 Wells Fargo reports slight profit rise, says economy improving (Reuters) - Wells Fargo & Co , the largest U.S. mortgage lender, reported a 3 percent rise in quarterly profit and said it was seeing a number of signs that the U.S. economy was improving. Wall St. set to gain modestly at open; on track for lower week NEW YORK (Reuters) - U.S. stock index futures pointed to slight gains at the open Friday in a modest rebound from recent losses, though major indexes remained on track for their biggest weekly decline since April. Reynolds, Lorillard confirm takeover talks LONDON (Reuters) - U.S. cigarette maker Reynolds American Inc is in talks to acquire rival Lorillard Inc in a multi-billion dollar deal that would include the sale of some brands to Britain's Imperial Tobacco Group Plc , the companies said on Friday. British banks paying $2 billion for swaps mis-selling: regulator LONDON (Reuters) - Britain's banks are in the process of paying out 1.2 billion pounds ($2 billion) to compensate small businesses that were mis-sold complex interest rate hedging products, data from the UK financial watchdog showed on Friday. Rajaratnam acquittal shows indirect insider trading case challenge NEW YORK (Reuters) - The acquittal on Tuesday of the younger brother of convicted hedge fund titan Raj Rajaratnam suggests prosecutors will have a tougher time pursuing people accused of trading on inside information they received indirectly. Macau graft agency probes Wynn land deal HONG KONG (Reuters) - Macau's corruption agency said on Friday it is examining a land deal relating to Las Vegas mogul Steve Wynn's upcoming $4 billion casino in the world's biggest gambling hub. With Alstom deal settled, focus on GE turns to margins, orders NEW YORK (Reuters) - General Electric Co's second-quarter earnings report next Friday comes soon after it prevailed in a two-month fight to acquire the power assets of France's Alstom . CME, Thomson Reuters win race to set century-old silver benchmark LONDON (Reuters) - CME Group and Thomson Reuters will operate the London silver fix when the current 117-year-old process is disbanded in August, in a move widely seen preceding broad reforms of precious metals benchmarking. Portugal's BES steadies nerves, losses still a puzzle LISBON/LONDON (Reuters) - Banco Espirito Santo steadied market jitters about its vulnerability to the troubled business empire of its founding family on Friday but investors are still in the dark about the size of any potential losses. Exclusive: Carl Icahn says 'time to be cautious' on U.S. stocks (Reuters) - Billionaire activist investor Carl Icahn said on Thursday that it is time for U.S. stock market investors to tread carefully after the run-up on Wall Street. Related Video Breakingviews: BES in limbo Japan economy minister: 'Radical' reforms underway Economic News India's Modi feels heat from credit agencies, markets on budget UK construction shrinks in May, dampens some second quarter growth hopes 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