Business Today: S&P 500 vaults 1,500 as earnings cheer Wall Street

	Click to View in Browser 01/25/2013 S&P 500 vaults 1,500 as earnings cheer Wall Street NEW YORK (Reuters) - The S&P 500 index on Friday closed above 1,500 for the first time in more than five years as strong U.S. earnings reports, including Procter & Gamble's, helped the benchmark extend its rally to eight days. Exclusive: UBS Chairman proposes industry-wide settlement over Libor DAVOS, Switzerland (Reuters) - UBS Chairman Axel Weber raised the possibility of an industry-wide settlement for the rest of the banks involved in the Libor rate fixing scandal at a meeting of top bankers in Davos, sources familiar with the matter said. Exxon Mobil overtakes Apple in market value NEW YORK (Reuters) - Exxon Mobil on Friday reclaimed its place as the largest U.S. publicly-traded company by market value one year after losing it to Apple Inc, as shares of the tech giant extended their fall. Exclusive: Goldman finds a way past Volcker with new credit fund NEW YORK (Reuters) - Goldman Sachs Group is looking to raise up to $600 million from its wealthy customers for a publicly traded credit fund that will provide loans to mid-sized companies - believed to be the first fund of its kind for the Wall Street bank. US Air, AMR merger deal could come in next two weeks: sources NEW YORK (Reuters) - US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with valuation and management structure being the two major sticking points left to resolve, four people familiar with the matter said. Hostess says near deal to sell Drake's cake unit (Reuters) - Hostess Brands Inc plans to submit an agreement next week to sell its Drake's cake business as part of its bankruptcy reorganization, a lawyer for the company said on Friday. GM's Opel sales chief goes after seven months FRANKFURT (Reuters) - General Motors subsidiary Opel lost sales chief Alfred Rieck on Friday, marking another high profile departure for its ailing German business. AT&T to pay $1.9 billion for Verizon spectrum NEW YORK (Reuters) - AT&T Inc has inked two deals worth more than $2.68 billion this week as it accelerates its push to expand its wireless spectrum holdings to beef up capacity for high-speed services. Italy's Monte Paschi faces shareholder fury as scandal widens SIENA, Italy (Reuters) - Enraged shareholders of Monte Paschi bank lashed out at its management on Friday as questions grew about central bank oversight of the historic lender following the uncovering of nearly $1 billion of losses in complex derivatives deals. Lautenberg charity, other Madoff investors try to revive claims NEW YORK (Reuters) - A federal appeals court signaled that victims of Bernard Madoff's fraud more than four years ago might be allowed to eventually sue the swindler's family members over their losses, if they're willing to wait longer. Related Video Techquity: Smartphone woes, more praise for Amazon Davos: EU not complacent about recovery Economic News New home sales rise to three-year high in 2012 January auto sales seen continuing 2012's strong pace 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