Business Today: Dow ends at another record close as cyclicals rally

	Click to View in Browser 04/9/2013 Dow ends at another record close as cyclicals rally NEW YORK (Reuters) - Stocks advanced on Tuesday, with the Dow closing at a record high on a rally in cyclical shares and as earnings season started to heat up. FBI probes trading as KPMG quits as Herbalife, Skechers auditor (Reuters) - In a blow to one of the world's largest accounting firms, KPMG said it resigned as auditor of two U.S. companies amid an FBI investigation into insider trading allegations involving a former senior partner. Penney, Macy's court fight comes down to plastic pitchers NEW YORK (Reuters) - The legal battle between Macy's and J.C. Penney over who gets to sell what Martha Stewart products took a comedic turn on Tuesday when lawyers asked a judge to weigh two pitchers in his hands, one from each of the rival retailers. Jury finds Exxon Mobil liable for $236.4 million in pollution suit LITTLETON, New Hampshire (Reuters) - A New Hampshire jury on Tuesday found Exxon Mobil Corp liable for $236.4 million in a civil lawsuit that charged the oil company had polluted groundwater in the state with a gasoline additive, a lawyer for the state said. Oshkosh to cut 900 jobs in defense unit (Reuters) - Truck and military vehicle maker Oshkosh Corp said it will cut about 900 jobs in its defense business due to U.S. budget cuts. J.C. Penney board comes under fire for CEO switch (Reuters) - The board of J.C. Penney Co Inc is facing scathing criticism from investors and corporate governance experts after ousting Chief Executive Ron Johnson and replacing him with his own embattled predecessor, Myron Ullman. United Airlines plans earlier flights with Boeing 787 (Reuters) - United Airlines said on Tuesday that it planned to begin flying Boeing's 787 Dreamliner five days sooner than previously expected, a sign of confidence in the jet's return to service after regulators grounded it in January over safety concerns. Dell's evaluation of buyout bid flawed: shareholder (Reuters) - Southeastern Asset Management, the activist investor that owns 8.4 percent of Dell Inc, said on Tuesday the computer maker's evaluation of a $24.4 billion leveraged buyout deal with its founder and buyout firm Silver Lake was flawed. Alcoa looking less and less like a market bellwether NEW YORK (Reuters) - Alcoa Inc gets a lot of attention at the start of every quarterly earnings season. Ackman may be eyeing exit as JC Penney bet in tatters BOSTON/NEW YORK (Reuters) - William Ackman's multiyear bet that he could overhaul ailing retailer JC Penney looks like it may end up being one of his $12 billion hedge fund's worst investment blunders. Related Video Daily Digit: 1,020,410 puts Ford in Focus Neurons light up as zebrafish ponders future Economic News Fed to foreclosed borrowers: checks in mail soon Too early to call U.S. in a spring "swoon": Fed's Bullard 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