Business Today: Wall Street ends up for third day as Fed angst ebbs

	Click to View in Browser 06/27/2013 Wall Street ends up for third day as Fed angst ebbs NEW YORK (Reuters) - U.S. stocks climbed for a third straight day on Thursday after comments from several Federal Reserve officials soothed concerns that the central bank would begin to reduce its stimulus efforts in the near future. Consumer spending, jobs data point to lukewarm growth WASHINGTON (Reuters) - Consumer spending rebounded in May and new applications for unemployment benefits fell last week, suggesting the economy remained on a moderate growth path. CFTC charges MF Global, Corzine, O'Brien over brokerage collapse WASHINGTON (Reuters) - Regulators on Thursday settled charges against MF Global over the futures brokerage's collapse, and also charged former Chief Executive Jon Corzine and former Assistant Treasurer Edith O'Brien in connection with the alleged misuse of customer funds. Bank of America rejects AIG bid to reopen $8.5 billion mortgage accord NEW YORK (Reuters) - Bank of America Corp has rejected a bid to re-open negotiations into its proposed $8.5 billion settlement with investors in mortgage securities, indicating it plans to take its chances that a New York judge will approve the deal. SEC, ex-Goldman VP Tourre battle over key fraud trial witness NEW YORK (Reuters) - As the civil fraud trial approaches of former Goldman Sachs Group Inc vice president Fabrice Tourre, the two sides are focusing on a key witness and whether her own legal troubles could affect her testimony. Software moguls Ellison and Benioff end feud, jump into deal SAN FRANCISCO (Reuters) - Oracle Corp Chief Executive Larry Ellison and Salesforce.com head Marc Benioff publicly ended one of Silicon Valley's most bitter feuds on Thursday as they talked up a major alliance aimed at selling more Internet-based software. Malone gauges options for Charter, Time Warner Cable deal: report (Reuters) - John Malone, chairman of Liberty Media, is sounding out options for cable operator Charter Communications to acquire larger rival Time Warner Cable, according to a media report. Choppier profits seen on insurance accounting shake-up NEW YORK (Reuters) - The biggest overhaul of insurance accounting in 30 years advanced a step on Thursday with the release of a proposal that some insurers fear could make their profits more volatile. U.S. Bank, partner to refund $6.5 million over auto lending WASHINGTON (Reuters) - U.S. Bancorp's U.S. Bank and a nonbank partner will refund about $6.5 million to U.S. military personnel over auto lending practices regulators said were deceptive, the Consumer Financial Protection Bureau said on Thursday. Nike posts higher profit, China orders rise (Reuters) - Nike Inc on Thursday posted a higher quarterly profit, helped by big sales gains in North America, and the maker of sports clothes and shoes said global orders for delivery later this year were up. Related Video Techquity: Apple may follow Microsoft's lead, says analyst Business better positioned for higher rates-Moody's Garber Economic News Consumer spending, jobs data point to lukewarm growth Fed's Lockhart says could taper faster if economy surprises 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