Business Today: Dow, S&P end flat, though sales growth worries mount

	Click to View in Browser 10/22/2012 Dow, S&P end flat, though sales growth worries mount NEW YORK (Reuters) - The Dow industrials and the S&P 500 ended flat on Monday after a late-day bounce, as worries about slower global growth hitting corporate sales were offset by earnings that beat expectations. Yahoo net earnings top Street view SAN FRANCISCO (Reuters) - Yahoo Inc's quarterly earnings beat expectations, but Wall Street remains keen to hear new CEO Marissa Mayer outline her plan for reviving the struggling Web company's revenue growth. Rosneft beefs up with TNK-BP purchase MOSCOW/LONDON (Reuters) - Rosneft tightened its grip on Russia's oil industry on Monday with a $55 billion deal to buy TNK-BP that also makes Britain's BP a one-fifth shareholder in the state-controlled company. Euro zone cut fiscal deficit in 2011, debt up BRUSSELS (Reuters) - The euro zone's fiscal deficit fell sharply last year as governments slashed expenses and raised taxes to regain market confidence in their public finances, but public debt still climbed, data from the European Union's statistics office showed on Monday. Some in Congress look to $55 billion fiscal cliff 'fallback' WASHINGTON (Reuters) - An idea percolating in the Congress, aimed at helping avoid the "fiscal cliff," would scrap the steep across-the-board spending cuts of $109 billion set to start on January 2 and replace them with more targeted savings of about $55 billion, according to aides familiar with the discussions. Monster Beverage tumbles on suit about girl's death (Reuters) - Monster Beverage Corp shares fell 16 percent on Monday after news that it is being sued by the family of a 14-year-old girl who died after drinking two cans of its Monster Energy drink. Chesapeake pays down bulk of $4 billion term loan HOUSTON (Reuters) - Chesapeake Energy Corp has paid off more than half of a pricey $4 billion bridge loan after receiving $2.8 billion in cash from the sale of some of its oil and gas properties in the Permian Basin. AIG in multistate settlement over life policies (Reuters) - Insurer American International Group Inc has agreed to an $11 million settlement with a group of states over its claims settlement practices for life insurance policies, Pennsylvania insurance authorities said on Monday. Obama and Romney meet for final debate as race tightens BOCA RATON, Florida (Reuters) - President Barack Obama and Republican challenger Mitt Romney face off in front of the cameras for a final time on Monday as opinion polls show their battle for the White House has tightened to a dead heat. Exclusive: Morgan Stanley private wealth executive departs (Reuters) - Palmer Murray, a veteran Morgan Stanley broker and former L.A.-based executive director of private wealth management, has left the firm to join an independent advisory firm in Beverly Hills. Related Video The Exchange: Leaving Goldman Sachs Trading at Noon: Mayer's big Yahoo moment arrives Economic News Home resales slip, housing recovery still eyed Some in Congress look to $55 billion fiscal cliff 'fallback' 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