Business Today: S&P 500 posts biggest monthly gain since October 2011

	Click to View in Browser 01/31/2013 S&P 500 posts biggest monthly gain since October 2011 NEW YORK (Reuters) - Stocks edged lower on Thursday on caution ahead of Friday's all-important jobs report, but the S&P 500 still posted its best monthly gain since October 2011. U.S. challenges Anheuser-Busch InBev's purchase of Grupo Modelo WASHINGTON (Reuters) - The U.S. Justice Department has filed a lawsuit seeking to stop Anheuser-Busch InBev SA from buying the half of Mexican brewer Grupo Modelo that it does not already own, saying the $20.1 billion deal would lessen competition in the U.S. beer market. Apple loses a U.S. appeals bid in Samsung patent fight SAN FRANCISCO (Reuters) - A U.S. appeals court on Thursday rejected Apple Inc's request to revive its bid for a sales ban on Samsung's Galaxy Nexus smartphone, dashing the iPhone maker's attempt to recover crucial leverage in the global patent wars. Peregrine boss Wasendorf gets 50 years jail for fraud CEDAR RAPIDS, Iowa (Reuters) - A judge on Thursday sentenced the founder of Peregrine Financial Group to 50 years in prison for looting hundreds of millions of dollars from the brokerage, saying his customers would probably never recover the money they lost. Exclusive: Ocwen leads in deal to buy Ally mortgage rights - sources NEW YORK (Reuters) - Ocwen Financial Corp is in the lead to buy mortgage servicing rights on $122 billion of loans from Ally Bank, three people familiar with the situation said on Thursday. Deutsche Bank swallows $4 billion of charges for cleanup FRANKFURT (Reuters) - Deutsche Bank plunged to its worst quarterly loss in four years on Thursday after it took nearly $4 billion in charges to try and draw a line under a slew of scandals and boost its balance sheet without asking shareholders for cash. Porsche, hedge funds agree VW case can be heard in Germany FRANKFURT (Reuters) - Porsche SE and several hedge funds seeking damages from the Stuttgart-based financial holding agreed on Thursday that New York was the wrong place to pursue compensation, and left the door open to bringing a case in German courts. Morgan Stanley raises CEO Gorman's base salary to $1.5 million (Reuters) - Morgan Stanley Inc said Chief Executive James Gorman will receive a base salary of $1.5 million in 2013, nearly double the $800,000 he received last year. U.S. tablet shipments soar during holidays, threaten to surpass PCs SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook's prediction that tablets would one day outsell personal computers appears to be coming true. Anti-Wal-Mart labor groups agree to stop picketing the chain (Reuters) - Labor groups that have long spoken out against Wal-Mart Stores Inc will stop much of their picketing against the world's largest retailer, though they still plan to continue to push the company to improve working conditions. Related Video Techquity: Zuckerberg channels Bezos, Qualcomm jumps Trading at Noon: U.S. DOJ files suit to halt Modelo deal Economic News Income surge puts consumers in better shape Suspension of debt limit wins final congressional approval 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