Business Today: Wall Street jumps; Nasdaq near 12-year high

	Click to View in Browser 02/8/2013 Wall Street jumps; Nasdaq near 12-year high NEW YORK (Reuters) - Stocks climbed on Friday, pushing the S&P 500 to a fresh five-year high and putting the Nasdaq within a hair of a 12-year intraday high, following a batch of encouraging domestic and international economic reports. Dell's largest investor opposes buyout as too low (Reuters) - Dell Inc's largest independent shareholder Southeastern Asset Management said it plans to oppose the buyout of the personal computer maker, setting up a battle for founder Michael Dell who is leading the effort to operate the company away from public scrutiny. Exclusive: CIT has explored possible sale - sources NEW YORK (Reuters) - CIT Group Inc had preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo & Co , but nothing came of the conversations, according to three people familiar with the specialty finance company. JPMorgan says MF Global plan obscures possible recoveries (Reuters) - A proposed liquidation plan for MF Global Holdings Ltd fails to take into account that its finance unit is being hit twice for the same debt, undercutting what some creditors might recover, JPMorgan Chase & Co said in a court filing. Appeals court hears arguments in SEC's case against Citigroup NEW YORK (Reuters) - A federal appeals court signaled that a U.S. securities regulator's proposed $285 million civil fraud settlement with Citigroup Inc might end up back in the hands of the same judge who rejected it more than a year ago. NYSE and BIDS to end block trading joint venture NEW YORK (Reuters) - NYSE Euronext plans to shut down the New York Block Exchange, a joint venture with dark pool operator BIDS Trading for executing large "block" trades because of a lack of market interest. AutoNation's chief warns of reckoning for autos, U.S. economy ORLANDO, Florida (Reuters) - The U.S. auto industry and the nation's economy face a reckoning despite recent gains in economic growth and vehicle sales, both fueled by stimulus programs, the head of the largest U.S. auto dealer group said on Friday. Analysis: U.S. funds get gun-shy on Europe's periphery NEW YORK (Reuters) - After going gung-ho on the euro zone's weakest economies in the second half of last year, U.S. fund managers are paring back their bond holdings in the region, sensing they've seen the best for now. Expect Dreamliner delays, Boeing tells airlines LONDON/SEATTLE (Reuters) - Boeing Co told two European airlines their deliveries of 787 Dreamliner jets would be delayed, underlining the uncertainty surrounding the future of the plane and the mounting costs related to its grounding. EU leaders strike deal on long-term austerity budget BRUSSELS (Reuters) - European Union leaders reached agreement on the first ever cut in their common budget on Friday after 24 hours of intense negotiations, seeking to placate millions at home struggling through government cutbacks and recession. Related Video MuniLand: California Treasurer--Investor appetite growing for GOs Techquity: LinkedIn is boring but stellar Economic News Economy likely grew in fourth quarter U.S. Postal Service loss shrinks to $1.3 billion in October - December 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