Business Today: S&P 500 edges up on earnings; potash slide curbs gain

	Click to View in Browser 07/30/2013 S&P 500 edges up on earnings; potash slide curbs gain NEW YORK (Reuters) - Stocks ended mostly higher on Tuesday following gains in technology shares and stronger-than-expected earnings from Pfizer, but a selloff in the potash sector limited the advance. Accused tipper to SAC hedge fund arrested in insider-trading probe (Reuters) - A securities analyst accused of leaking secret information in 2009 about a potential partnership between Yahoo and Microsoft to an SAC Capital Advisors hedge fund manager and other traders was arrested and charged in California, prosecutors said on Tuesday. Cost controls help Pfizer, Merck weather weak quarter (Reuters) - Big Pharma is still relying on belt-tightening to prop up financial results. EADS board discusses reorganization, rebranding plans PARIS (Reuters) - The board of EADS gathered on Tuesday to vote on a reorganization that will see the European aerospace group adopt the name of its main Airbus subsidiary, industry sources said. Home prices rise in May, though pace slows NEW YORK (Reuters) - U.S. home prices rose in May, suggesting the housing market recovery pushed ahead during the spring buying season, though the pace of gains slowed in what analysts said could be a sign of things to come. SAC Re on review with negative implications: A.M. Best BOSTON (Reuters) - Insurance rating group A.M. Best said on Tuesday that it is placing SAC Re, the reinsurance arm linked to hedge fund SAC Capital Advisors, on review with negative implications less than a week after the fund was hit with criminal insider trading charges. Morgan Stanley fined for selling exotic funds to unwary investors NEW YORK (Reuters) - Morgan Stanley has agreed to pay a $100,000 fine to New Jersey state securities regulators for selling exotic exchange-traded funds to unwary investors, state officials said on Tuesday. Crackdown on risk hits Barclays, Deutsche LONDON/FRANKFURT (Reuters) - A $9 billion rights issue and a fresh purge of assets are among the measures Britain's Barclays and Germany's Deutsche Bank announced on Tuesday to meet tougher rules on risk, raising concern among investors that regulators will push other European banks into similar action. Low-cost operations of Japan's ANA to focus on resort travel: Nikkei (Reuters) - Japan's ANA Holdings Inc plans to beef up its low-cost-carrier operations by focusing on resort travel to places such as Guam and Hawaii, the Nikkei said, citing company sources. JPMorgan to pay $410 million to settle power market case NEW YORK (Reuters) - JPMorgan Chase & Co agreed on Tuesday to pay $410 million to settle allegations of power market manipulation in California and the Midwest, the latest in a series of high-profile inquiries by U.S. federal energy regulators. Related Video Techquity: Apple critic still a fan, Twitter IPO sign Daily Digit: Home prices up 12.2% Economic News Home prices rise in May, though pace slows S&P says U.S. public finance rating trends positive, despite Detroit 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