Daily Investor Briefing: Exclusive: Fund payments to...

	Click to View in Browser 09/4/2014 Exclusive: Fund payments to brokerages draw SEC scrutiny NEW YORK (Reuters) - The tens of millions of dollars in annual fees that mutual fund companies pay to brokerages and their financial advisers to encourage sale of certain funds to retail investors are growing in size and variety, but the phenomenon is largely invisible to investors. U.S. private job growth slows, but services sector bullish WASHINGTON (Reuters) - U.S. companies hired workers at a steady clip in August and services sector activity accelerated to 6-1/2-year high, assurances the economy was on track for sturdy growth in the third quarter. Wall Street ends lower after late-day reversal NEW YORK (Reuters) - U.S. stocks ended lower on Thursday, reversing course late in the session as energy shares dropped and caution grew ahead of Friday's jobs report. Fed survey highlights widening U.S. wealth, income gap (Reuters) - The gap between the richest Americans and the rest of the nation widened after the Great Recession, a survey by the Federal Reserve showed on Thursday, suggesting deepening U.S. income inequality. Big banks must face U.S. swaps price-fixing lawsuit NEW YORK (Reuters) - A Manhattan federal judge said on Thursday that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $21 trillion market for credit default swaps. BP 'grossly negligent' in 2010 U.S. spill, fines could be $18 billion HOUSTON/NEW YORK (Reuters) - A U.S. judge has decided that BP Plc was "grossly negligent" and "reckless" in the Gulf of Mexico oil spill four years ago, a ruling that could add nearly $18 billion in fines to more than $42 billion in charges the company took for the worst offshore environmental disaster in U.S. history. Argentina Senate passes debt swap plan in defiance of U.S. courts BUENOS AIRES (Reuters) - Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. U.S. judge won't toss insider trading conviction of SAC's Martoma NEW YORK (Reuters) - A federal judge on Thursday refused to throw out the insider trading conviction of former SAC Capital portfolio manager Mathew Martoma, saying the trial evidence "overwhelmingly demonstrated Martoma's guilt." Home Depot in contact with Secret Service over alleged breach: source WASHINGTON (Reuters) - Home improvement retailer Home Depot Inc has been in contact with the U.S. Secret Service about an alleged major breach of customer and credit card data that came to light this week, a law enforcement source told Reuters on Thursday. Exclusive: G20 finalizing flexible 'bail in' bond deal for big banks - sources LONDON (Reuters) - The world's biggest banks may be able to count surplus capital toward new buffers of special bonds being imposed by regulators, two sources familiar with draft proposals said. Related Video Is French warship start of new Cold War? The bathroom mirror that's also a tv Related News Manulife to buy Standard Life's Canadian assets for $3.7 billion Some fund managers take shine to pricey solar stocks 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