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Monday, July 28, 2014

Daily Investor Briefing: Wall Street ends near flat; deal news...

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07/28/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street ends near flat; deal news offsets data
NEW YORK (Reuters) - Stocks ended nearly flat on Monday as the latest deal news offset losses following soft data on the housing market and services sector.
Consumer spending, inventories seen lifting U.S. second-quarter GDP
WASHINGTON (Reuters) - U.S. economic growth likely rebounded in the second-quarter from a winter-induced slump at the start of the year and will probably continue to gather momentum through the rest of 2014.
Microsoft targeted in apparent Chinese antitrust probe
BEIJING (Reuters) - Microsoft Corp appears to be the latest U.S. company targeted by China for antitrust investigation as government officials paid sudden visits to the software firm's Chinese offices on Monday.
Consumer Reports wants Toyota to recall some 177,500 Camry hybrids
DETROIT (Reuters) - An influential consumer magazine on Monday called on Toyota Motor Corp to recall about 177,500 older Camry hybrid sedans to address potential power brake defects.
Dollar Tree to buy Family Dollar for $8.5 billion
(Reuters) - Dollar Tree Inc agreed to buy rival discount chain Family Dollar Stores Inc for $8.5 billion to fend off growing competition from Wal-Mart Stores Inc and fellow discounter Dollar General Corp .
Carlyle nears $5 billion deal for Acosta: source
NEW YORK (Reuters) - Carlyle Group LP is in advanced talks to acquire Acosta Sales and Marketing, in a deal that could value the consumer goods marketing agency at close to $5 billion including debt, a person familiar with the matter said on Monday.
Panasonic, Tesla reach agreement on U.S. battery plant: Nikkei
(Reuters) - Panasonic Corp has reached a basic agreement with Tesla Motors Inc to initially supply the electric car maker's proposed lithium-ion battery plant with machinery to make battery cells, the Nikkei said.
Exclusive: GM moves next version of big pickups ahead by nine months - sources
DETROIT (Reuters) - General Motors Co has pushed forward the launch of its next-generation full-size pickups by about nine months to fall 2018, hoping to narrow rival Ford Motor Co's still-sizable lead in meeting future U.S. fuel-economy standards, supplier sources said on Monday.
Court orders Russia to pay $50 billion for seizing Yukos assets
MOSCOW/LONDON/AMSTERDAM (Reuters) - An international arbitration court ruled on Monday that Russia must pay $50 billion for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.
Argentina to hold last-gasp debt talks with mediator Tuesday
BUENOS AIRES/NEW YORK (Reuters) - Argentina on Tuesday will meet the U.S. mediator in its battle with 'holdout' debt investors suing the country for last-minute talks to avert its second default this century.
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