Business Today: Nasdaq to pay $10 million to settle SEC charges from Facebook snafu

	Click to View in Browser 05/29/2013 Nasdaq to pay $10 million to settle SEC charges from Facebook snafu WASHINGTON (Reuters) - Nasdaq OMX on Wednesday agreed to pay $10 million, the largest penalty ever levied against a stock exchange, to settle civil charges stemming from mistakes made during Facebook's initial public offering last year, U.S. securities regulators said on Wednesday. Wall Street drops, led down by high dividend-paying shares NEW YORK (Reuters) - Stocks fell on Wednesday as high-yielding dividend stocks lost some of their luster after recent gains in Treasury bond yields. China's Shuanghui to buy Smithfield Foods for $4.7 billion HONG KONG/NEW YORK (Reuters) - China's Shuanghui International said it would buy Smithfield Foods Inc for $4.7 billion in cash to help satisfy growing demand for U.S.-made pork in its home market, but the deal may raise concerns in the United States. Switzerland frees banks to settle U.S. tax evasion cases ZURICH (Reuters) - Switzerland aims to save its banks from heavier punishment in the United States for helping wealthy tax cheats by sidestepping its own famed secrecy laws to let bankers disclose data to U.S. prosecutors. Internet sales tax may help U.S. state, local governments: S&P (Reuters) - Standard & Poor's Ratings Services said on Wednesday the Marketplace Fairness Act bill passed by the U.S. Senate in early May to allow states to collect sales taxes from on-line purchases could help state and local governments stave off some revenue losses. Chevron, Exxon investors sustain calls for fracking disclosure SAN RAMON, Calif./DALLAS (Reuters) - About 30 percent of shareholders of both Exxon Mobil Corp and Chevron Corp on Wednesday backed calls for more disclosure surrounding their use of hydraulic fracturing, the top two U.S. oil companies said. Sallie Mae to split into two companies, names new CEO (Reuters) - Sallie Mae Corp , the largest U.S. student loan provider, said it would split into two publicly traded companies as it seeks better valuation for its private student lending business. U.S. decries 'hostage-taking' in trade talks, sees hope on IT deal PARIS (Reuters) - A global agreement to cut red tape in world trade, which could be worth hundreds of billions of dollars to the world economy, is being stymied by some countries' "hostage-taking", a top U.S. trade official said on Wednesday. Total settles U.S. bribe probe for $398 million; CEO may be tried PARIS/NEW YORK (Reuters) - Total SA agreed to pay $398.2 million to settle U.S. criminal and civil allegations that it paid bribes to win oil and gas contracts in Iran, and a French prosecutor has recommended that the company and its chief executive be brought to trial. Panel to review split ruling in Apple, Samsung patent fight WASHINGTON (Reuters) - A trade panel that specializes in patent cases will reconsider a split decision made by one of its judges in a long-running patent battle between Samsung Electronics Co Ltd and Apple Inc. Related Video Balloons set to take wind power to new heights Heart shunt implant shows promise as treatment for millions Economic News Fed's Rosengren: 'Modest' QE3 cut may make sense in a few months Anticipating the end of the Fed's bond-buying spree 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