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Tuesday, February 19, 2013

Business Today: M&A deals lift Wall Street shares nearer a record high

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02/19/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
M&A deals lift Wall Street shares nearer a record high
NEW YORK (Reuters) - U.S. stocks rose on Tuesday as this year's ongoing surge in merger activity suggested investors were still finding value in the market even as indexes closed in on all-time highs.
Dell profit falls 31 percent amid attempt to go private
SAN FRANCISCO (Reuters) - Dell Inc on Tuesday reported a 31 percent drop in profit, hurt by a shrinking consumer business, as investors weighed founder Michael Dell's offer to buy out the world's No.3 maker of personal computers.
Exclusive: Apple, Macs hit by hackers who targeted Facebook
BOSTON/SAN FRANCISCO (Reuters) - Apple Inc was recently attacked by hackers who infected the Macintosh computers of some employees, the company said on Tuesday in an unprecedented disclosure that described the widest known cyber attacks against Apple-made computers to date.
U.S. business seeks more clarity on anti-foreign bribery law
WASHINGTON (Reuters) - U.S. business groups on Tuesday reignited their campaign to amend an anti-foreign bribery law by suggesting authorities should give companies additional defenses against criminal charges.
FBI investigating potential insider trading in Heinz: spokesman
NEW YORK (Reuters) - The Federal Bureau of Investigation said on Tuesday it had opened an investigation into potential insider trading in shares of H.J. Heinz Co just before a takeover announcement last week.
EU talks to cap bankers' bonuses stall
BRUSSELS (Reuters) - Negotiations to introduce a cap on bankers' bonuses in the European Union stalled on Tuesday, after EU countries and the bloc's parliament clashed over how far to go in curbing pay for the industry's top earners.
Simpson, Bowles propose $2.4 trillion U.S. deficit reduction
WASHINGTON (Reuters) - Two key deficit experts on Tuesday offered an updated plan to reduce U.S. government deficit spending by $2.4 trillion over 10 years through a combination of spending cuts, a healthcare overhaul and tax reform.
Calpers votes to sell stake in two gun makers
SACRAMENTO, California (Reuters) - The investment committee of Calpers, the biggest U.S. pension fund, voted on Tuesday to divest its holding in two manufacturers of guns and high-capacity ammunition clips banned in California.
Deloitte sued over audits of ChinaCast Education
NEW YORK (Reuters) - A group of U.S. investment funds has sued the Chinese and U.S. affiliates of Deloitte Touche Tohmatsu , blaming them for investor losses at troubled ChinaCast Education Corp .
Kentucky turnaround to drive Wellcare profit (Feb 13)
(Reuters) - Managed care provider Wellcare Health Plans Inc's fourth-quarter profit edged past analysts' estimates on growth in its Kentucky Medicaid health plan that previously dragged on the results of several insurers.
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