Daily Investor Briefing: Wall Street ends near flat; Russia...

	Click to View in Browser 08/6/2014 Wall Street ends near flat; Russia concern keeps lid on gains NEW YORK (Reuters) - Stocks ended near flat as concern about an escalation of the Russia-Ukraine conflict offset gains in consumer staples shares U.S. Treasury looks to hold more cash to deal with future crises WASHINGTON (Reuters) - The U.S. Treasury wants to increase its daily cash holdings, a measure that would help Washington pay its bills during a crisis, a senior official said on Wednesday. U.S. trade gap at five-month low, to boost second-quarter GDP WASHINGTON (Reuters) - The U.S. trade deficit narrowed more than expected in June as petroleum imports dropped to a 3-1/2-year low, suggesting that trade was less of a drag on second-quarter economic growth than initially thought. JPMorgan wins dismissal of Los Angeles lawsuit over mortgage lending (Reuters) - JPMorgan Chase & Co has won the dismissal of a lawsuit by the City of Los Angeles accusing the largest U.S. bank of steering minority borrowers into mortgages they could not afford, even after similar cases against the next three largest banks were allowed to go forward. Chrysler profit up amid investor concerns over merger with Fiat DETROIT (Reuters) - Amid concerns that Fiat shareholders will prevent a merger of the Italian automaker with Chrysler Group, the American automaker reported that second-quarter profit was up 22 percent to $619 million. Top Fidelity fund managers frowned on Valeant amid Botox bid BOSTON (Reuters) - Two of Fidelity Investments' top stockpickers unloaded most of their holdings in Valeant Pharmaceuticals Inc after the drugmaker in April unveiled its bid for Botox maker Allergan Inc in what is one of 2014's most contentious takeovers. BofA raises dividend for first time in 7 years (Reuters) - Bank of America Corp BAC.N said on Wednesday the Federal Reserve has approved its plan to raise its quarterly dividend for the first time since the financial crisis. Walgreen to keep U.S. tax domicile after buying Alliance Boots (Reuters) - U.S. retailer Walgreen Co said it would not use a full takeover of Europe's biggest pharmacy chain, Alliance Boots [ABN.UL], to move its domicile overseas, following fierce criticism of such tax-cutting deals at home. Fed does not object to Bank of America capital plan WASHINGTON (Reuters) - The U.S. Federal Reserve said on Wednesday it had approved a resubmitted capital plan from Bank of America , part of an annual stress test of banks' financial robustness. Exclusive: Wells Fargo loosens standards for jumbo mortgages NEW YORK (Reuters) - Wells Fargo & Co has relaxed its standards for loans for some high-priced homes as the largest U.S. mortgage lender tries to combat an industry-wide drop in mortgage volumes. Related Video Apple, Google, Amazon could go after Time Warner- Amobi Breakingviews: Murdoch's big blunder Related News Top Fidelity fund managers frowned on Valeant amid Botox bid Greenlight's Einhorn says still cautious, macro bets weigh 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