Daily Investor Briefing: Exclusive: Accountant's plea signals...

	Click to View in Browser 07/8/2014 Exclusive: Accountant's plea signals more possible scrutiny of Madoff son NEW YORK (Reuters) - U.S. prosecutors may still be building a case against imprisoned swindler Bernard Madoff's only surviving son, who according to sources was one of the "co-conspirators" mentioned in a plea deal by a Madoff associate last month. Stocks fall for second day on earnings caution NEW YORK (Reuters) - U.S. stocks fell in a broad selloff on Tuesday, dropping for a second straight session as investors exercised caution ahead of the start of earnings season. Rengan Rajaratnam cleared, U.S. insider trading streak snapped NEW YORK (Reuters) - Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by U.S. prosecutors. Alcoa reports second-quarter profit, shares rise (Reuters) - Aluminum producer Alcoa Inc reported a second-quarter profit on Tuesday, which included $78 million in special items tied to a previously announced restructuring aimed at reducing the cost base of its commodity business. Fed's Kocherlakota gives lukewarm welcome to U.S. unemployment drop MINNEAPOLIS (Reuters) - One of the Federal Reserve's most dovish policymakers on Tuesday welcomed the recent drop in U.S. unemployment but warned the labor market has a long way to go until the U.S. central bank has reached its goal. U.S. in sanctions talks with Commerzbank and Deutsche: source FRANKFURT (Reuters) - U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. No decision on whether grounded F-35s will be ready for air show: Pentagon WASHINGTON (Reuters) - No decision has been made yet on whether to send a group of F-35 Joint Strike Fighters to Britain this week for the plane's international debut at two air shows after the fleet was grounded in response to an engine fire, the Pentagon said on Tuesday. World Bank's IFC asks for review of Itau, CorpBanca deal SANTIAGO (Reuters) - The International Finance Corp (IFC), the World Bank's private investment arm, is seeking an independent analysis of Brazilian bank Itaú Unibanco Holding SA's planned takeover of Chile's CorpBanca, in which the IFC holds a 5 percent stake. France's Valls urges end to strike at 'sinking' ferry group SNCM PARIS (Reuters) - Workers at France-Corsica ferry operator SNCM must end their strike and let the troubled company undergo a restructuring to secure its future, Prime Minister Manuel Valls said on Tuesday. Argentina to meet again with debt mediator, bonds rise BUENOS AIRES (Reuters) - Argentina said on Tuesday it would meet with a mediator in the country's dispute with holdout investors for a second time this week, lifting market hopes for a deal needed to avoid another painful debt default. Related Video No joy for Italy on budget 'flexibility' U.S. targets Commerzbank and DB - sources Related News Hedge funds attract $72.2 billion in first five months of year: data Why most seniors can't afford to pay more for Medicare 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