Business Today: Wall Street rebounds on Bernanke comments, data

	Click to View in Browser 02/26/2013 Wall Street rebounds on Bernanke comments, data NEW YORK (Reuters) - U.S. stocks rebounded from their worst decline since November on Tuesday after Federal Reserve Chairman Ben Bernanke defended the Fed's bond-buying stimulus and sales of new homes hit a 4 1/2-year high. Bernanke says Fed stimulus benefits clear, downplays risks WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke strongly defended the U.S. central bank's monetary stimulus before Congress on Tuesday, easing financial market worries over a possible early retreat from bond buys. Schwab may apply class-action victory to pending cases NEW YORK (Reuters) - Charles Schwab Corp will likely seek dismissal of pending class-action cases after a regulator on Thursday upheld its right to bar clients from bringing such lawsuits, the company said. Analysis: Jumbo mortgages are back, but at far from 2007 levels WASHINGTON (Reuters) - Home sales and prices are rising briskly in those neighborhoods where the well-heeled like to plant their mailboxes: along Chicago's north shore, in the San Francisco Bay area and in the haute Hamptons. Best Buy takeover attempt by founder in jeopardy: sources (Reuters) - Best Buy Co Inc founder Richard Schulze's effort to take the company private is in trouble after attempts to secure financing faltered while an alternative strategy to line up minority investors may not pan out either, five sources familiar with the matter said. Lehman's U.S. brokerage finalizes settlements NEW YORK (Reuters) - Lehman Brothers' U.S. brokerage on Tuesday finalized settlements with the former financial giant's parent and European entities, resolving nearly $44 billion in customer claims and paving the way for full repayment to the brokerage's former customers. Home prices cap year with biggest rise since 2006 NEW YORK (Reuters) - Home prices closed out 2012 with the biggest annual gain in more than six years while sales of new homes spiked in January, the latest sign that the long-suffering housing market was on the mend, data showed on Tuesday. Four Spanish lenders set to pass properties to bad bank MADRID (Reuters) - Four mid-sized Spanish banks are poised to transfer 14 billion euros ($18.30 billion) of soured property assets to a government-backed "bad bank", which on Tuesday issued bonds to give to the banks as payment and completed a capital hike. First spill trial witness: BP put cost cuts over safety NEW ORLEANS (Reuters) - BP Plc fostered a culture that put cost-cutting over safety before the deadly 2010 Gulf of Mexico oil spill, a noted forensic engineer said in the first day of testimony in the federal civil trial centered on the disaster. Wall Street cash bonuses rose in 2012: NY comptroller NEW YORK (Reuters) - Wall Street cash bonuses rose in 2012 but were still below pre-crisis levels, and the industry is gearing up for more layoffs as it continues to adapt to more regulation and heightened competition, New York's top financial official said. Related Video Techquity: Microsoft's browser split, Apple's settlement Italy election wake-up call for euro zone Economic News Obama highlights the defense hit in budget cuts battle SEC budget in line of fire as House panel seeks cuts 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