Business Today: Wall St ends higher, buoyed by Apple

Click to View in Browser 03/19/2012 Wall St ends higher, buoyed by Apple NEW YORK (Reuters) - Stocks finished higher on Monday, extending the recent rally after Apple said it would pay a $10 billion annual dividend and buy back stock. Apple's Cook finally shares $98 billion cache SAN FRANCISCO (Reuters) - Apple Inc CEO Tim Cook, moving swiftly after taking over from the late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years. UPS's international footprint to grow with TNT deal AMSTERDAM/NEW YORK (Reuters) - United Parcel Service Inc will buy Dutch peer TNT Express for 5.2 billion euros ($6.85 billion) to boost its position as the world's largest package delivery company outside the United States. NY Mets owners settle Madoff case, avoid trial NEW YORK (Reuters) - The owners of the New York Mets agreed to pay $162 million to settle a lawsuit by the trustee seeking money for the victims of Bernard Madoff's fraud, a deal that eases pressure on the owners of the cash-strapped baseball team. Few signs U.S. has settled on World Bank nominee WASHINGTON (Reuters) - With just five days to go for nations to put forward nominees to lead the World Bank, there are few signs the United States has finalized its choice to lead the global development lender. Adobe revenue slows ahead of upgrades BOSTON (Reuters) - Adobe Systems Inc, maker of Photoshop and Acrobat software, reported lower revenue growth as sales slowed ahead of major upgrades to the company's Creative Suite line of digital media programs later this year. Court to SEC, Citigroup: See you in September (Reuters) - A federal appeals court will wait until late September to review U.S. District Judge Jed Rakoff's rejection of a U.S. Securities and Exchange Commission fraud settlement with Citigroup Inc over mortgage investments. Greek debt insurance payout highlights investor gloom LONDON (Reuters) - Investors showed scant faith in Greece's ability to cut its colossal debt after an auction on Monday which handed insured holders of defaulted bonds a large payout. Fed undecided on more easing: Dudley MELVILLE, New York (Reuters) - The Federal Reserve has not yet decided whether to embark on a third round of quantitative easing, or QE3, though it remains an option, an influential Fed official said on Monday. Treasury nets $25 billion profit on mortgage debt WASHINGTON (Reuters) - The Treasury Department said on Monday it made a $25 billion profit on sales of mortgage-backed securities acquired during the financial crisis, part of its ongoing efforts to wind down taxpayer-financed bailout programs. Related Video Tech cos. should follow Apple and pay dividends: analyst Wealth Strategies: Day trading ETFs, are you nuts? Economic News Fed undecided on more easing: Dudley Few signs U.S. has settled on World Bank nominee 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