Daily Investor Briefing: S&P advances to set new record in...

	Click to View in Browser 08/29/2014 S&P advances to set new record in quiet session NEW YORK (Reuters) - U.S. stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest in a string of positive data helped extend a rally that had been briefly threatened by overseas concerns. U.S. consumer spending pauses, but rising confidence offers hope WASHINGTON (Reuters) - U.S. consumer spending fell in July for the first time in six months, but confidence among households hit a seven-year high in August, suggesting the retrenchment would be temporary. Exclusive: U.S. options exchanges craft rules to fend off turmoil NEW YORK (Reuters) - A year after Goldman Sachs bungled a software upgrade and lost tens of millions of dollars from unintended trades, the 12 U.S. stock options exchanges have crafted new rules for dealing with erroneous transactions, according to draft documents seen by Reuters. Oracle loses bid to restore $1.3 billion SAP verdict, could get new trial (Reuters) - Oracle Corp failed to revive a $1.3 billion jury verdict in its long-running copyright dispute with German software company SAP SE as a U.S. appeals court said Oracle must choose to accept a lower amount or face a new trial. Exclusive: Intel hires senior exec Faintuch from Qualcomm SAN FRANCISCO (Reuters) - Chipmaker Intel Corp has hired Amir Faintuch, a senior executive from Qualcomm , to co-manage the development of the company's chips, an Intel spokesman said on Friday. IMF board stands behind Lagarde over French probe WASHINGTON (Reuters) - The International Monetary Fund's board on Friday stood behind the global lender's leader, Christine Lagarde, who is facing a criminal investigation in France tied to a political corruption probe dating from 2008. U.S auto sales seen ending summer without a sizzle DETROIT (Reuters) - U.S. auto industry sales in August will be about even with a year ago, not quite ending the summer in a sizzling fashion but still warm enough to continue the recovery from a recession now five years in the rear-view mirror. AT&T sues Cox Communications for patent infringement (Reuters) - AT&T is suing Cox Communications for infringing eight patents dealing with network quality after the regional cable provider ignored its complaints about the issue and made "billions" off of the technology, according to a new lawsuit. Kraft issues voluntary recall of some American Singles cheese product NEW YORK (Reuters) - Kraft Foods Group Inc said on Friday it is voluntarily recalling 7,691 cases of some varieties of its Kraft American Singles as a precautionary measure after a supplier failed to store an ingredient correctly. Part of Espirito Santo empire may try to block sale of insurer LISBON (Reuters) - Part of the troubled business empire of Portugal's Espirito Santo family said on Friday it may try to block the planned sale of an insurance company it once controlled, adding to opposition already expressed by a group of investors. Related Video Rouble's record rout over Ukraine Pilots strike at Lufthansa's low cost unit Related News Coutts sets aside 110 million pounds for investment advice flaws Pimco Total Return beats 76 percent of peers in August: Morningstar 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