Daily Investor Briefing: Wall St. ends higher; Nasdaq at...

	Click to View in Browser 08/18/2014 Wall St. ends higher; Nasdaq at 14-year high NEW YORK (Reuters) - Stocks rallied on Monday, with the Nasdaq closing at a 14-year high as increasing homebuilder confidence and hopes for receding tensions in Russia emboldened investors in the equity market. Dollar General enters race for Family Dollar with $8.95 billion bid (Reuters) - Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping a bid by Dollar Tree Inc that had threatened to unseat the biggest U.S. discount retailer from the peak of a highly competitive market. Homebuilders rally after strong NAHB sentiment data NEW YORK (Reuters) - U.S. homebuilding stocks rose on Monday, boosted by data that showed homebuilder sentiment rose in August to its highest level since January. Heinz recalls four batches of infant food in China BEIJING (Reuters) - Ketchup maker H.J. Heinz Co has recalled some infant food in eastern China after it was found to contain lead in excess of the allowable limit, the company said on Monday. Zippo wins German preliminary injunction vs Lorillard over blu e-cig (Reuters) - A German court has ordered a subsidiary of U.S. tobacco giant Lorillard Inc to stop selling the popular blu e-cigarettes in that country, citing trademark confusion with lighter and fuel products sold by Zippo Manufacturing Co. China finds Mercedes-Benz guilty of price fixing: Xinhua SHANGHAI/FRANKFURT (Reuters) - Germany's Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, adding to pressure on foreign carmakers in the world's largest auto market. Pimco hires ex-Moore Capital senior portfolio manager Fahmi (Reuters) - Pimco said on Monday it hired Mohsen Fahmi, formerly of Moore Capital Management, as managing director and generalist portfolio manager focusing on global fixed income assets. Chrysler names Bigland to head Alfa Romeo brand in North America DETROIT (Reuters) - Chrysler Group LLC said on Monday its head of U.S. sales, Reid Bigland, has been appointed to lead the Alfa Romeo brand for North America, as it prepares for a relaunch aimed at reaching sales of 150,000 in four years. P&G eyes Duracell, Braun in sweeping brand culling: sources NEW YORK (Reuters) - Procter & Gamble Co is working with advisors including Goldman Sachs Group as the world's largest household products maker reviews up to 100 underperforming brands for potential divestiture, people familiar with the matter said. Treasury to take time to weigh options on tax inversions: official WASHINGTON (Reuters) - The Obama administration will need more than a few weeks to weigh potential administrative actions to discourage U.S. companies from reducing their tax bills by moving to other countries, a Treasury Department official said on Monday. Related Video China's latest price fixing target Breakingviews: Passing the parcels Related News Pimco hires ex-Moore Capital senior portfolio manager Fahmi U.S. Treasuries set to storm on as EU yields drop, conflicts threaten 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