Business Today: Wall Street ends flat as wary investors stay defensive

	Click to View in Browser 11/15/2012 Wall Street ends flat as wary investors stay defensive NEW YORK (Reuters) - Stocks were little changed on Thursday as the prospect of a drawn-out battle over impending tax and spending changes made investors wary of getting into the water, while retailer Wal-Mart tumbled after disappointing sales. BP agrees to record criminal penalties for U.S. oil spill HOUSTON/WASHINGTON (Reuters) - BP Plc will pay $4.5 billion in penalties and plead guilty to felony misconduct in the Deepwater Horizon disaster, which caused the worst U.S. offshore oil spill ever. Dell revenue lower than Street view SAN FRANCISCO (Reuters) - Dell Inc reported revenue that was slightly lower than Wall Street expectations for the third quarter but said it expects revenue to grow 2 to 5 percent in the fourth quarter. Gap posts bigger quarterly profit, shares rise (Reuters) - Brightly colored jeans and dresses helped Gap Inc post a bigger quarterly profit ahead of the holiday season and the company raised its profit view for the year, sending its shares up 3 percent after the bell. Postal Service reports $15.9 billion annual loss WASHINGTON (Reuters) - The Postal Service posted a record net loss of $15.9 billion in fiscal 2012, much of it due to massive payments the mail agency could not make but still must account for in financial statements. They're buying what? U.S. investors latch onto Iraqi dinar NEW YORK (Reuters) - The U.S. stock market almost wiped out his retirement account, but retired pilot Ronald Scarpa hasn't lost his taste for risk. Lately he has turned to one of the chanciest investments in the world - the Iraqi dinar. Wal-Mart sales under global pressure, shares down (Reuters) - Wal-Mart Stores Inc posted disappointing quarterly sales on Thursday as shoppers in key markets like the United States battled high gasoline prices and unemployment, while store traffic continued to decline in China. P&G set to cut more jobs, repurchase additional shares CINCINNATI (Reuters) - Procter & Gamble plans to trim more non-manufacturing jobs through 2016, on top of cutting 10 percent of that workforce by the end of June, as the world's largest household-products maker tries to reinvigorate what has become a sluggish organization. Rockwell says Boeing 737 MAX deal "very material" NEW YORK (Reuters) - Boeing Co said on Thursday it had locked down a basic design for its new 737 MAX jet, choosing suppliers for key components and moving the project a step closer to production in 2015. Liquidation deadline looms for Twinkies maker Hostess LENEXA, Kan (Reuters) - A standoff between Hostess Brands Inc. and thousands of its bakery workers was heading for a showdown Thursday as both sides declared they would not bend and were set to accept the demise of the historic maker of Twinkies and Wonder Bread. Related Video Power Player: McDonald's shifts gears Drug levitation a rising science for researchers Economic News Superstorm boosts jobless claims, hits factories Housing not yet out of the woods: Bernanke 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