Business Today: U.S. charges SAC Capital with insider trading crimes

	Click to View in Browser 07/25/2013 U.S. charges SAC Capital with insider trading crimes By Emily Flitter, Svea Herbst-Bayliss and Jonathan Stempel Amazon shares dip on cautious third-quarter forecast SAN FRANCISCO (Reuters) - Amazon.com Inc reported a second-quarter net loss and issued cautious third-quarter forecasts on Thursday, pressuring shares of the world's largest Internet retailer. Facebook's surge lifts Nasdaq, earnings curb Dow and S&P NEW YORK (Reuters) - The Nasdaq climbed on Thursday as Facebook's stock scored its biggest daily percentage gain, but a mixed bag of earnings from other companies limited the Dow and the S&P 500 to modest gains. U.S. charges six in major credit card, Nasdaq hacking cases NEWARK, N.J./BOSTON (Reuters) - U.S. prosecutors charged six foreign nationals with hacking crimes, including credit and debit card thefts that authorities say cost U.S. and European companies more than $300 million in losses, and charged one of them with breaching Nasdaq computers. Businesses set to step up capital goods spending WASHINGTON (Reuters) - A gauge of planned business spending on capital goods rose in June, buoying hopes of an acceleration in economic growth in the second half of 2013. SAC gets cut by 'edge,' a word Cohen hated NEW YORK (Reuters) - The word that Steve Cohen hates is coming back to bite him. SAC Capital seeks protective order on operations after charges NEW YORK (Reuters) - Steven A. Cohen's $15 billion hedge fund SAC Capital Advisors is working on an agreement with U.S. prosecutors for an order to "reasonably protect all parties legitimate interests" as the firm faces criminal insider trading charges. GSK replaces China chief amid corruption scandal LONDON (Reuters) - GlaxoSmithKline has appointed one of its top European executives as the new head of operations in China, amid a corruption scandal there that has rocked Britain's biggest drug maker. SAC says did not encourage insider trading, will continue operating NEW YORK (Reuters) - Steven A. Cohen's $15 billion hedge fund SAC Capital Advisors will continue to operate as the firm deals with criminal charges of insider trading, a spokesman for SAC said in a statement. GM profit beats Street on aggressive cost-cutting in Europe DETROIT (Reuters) - General Motors Co posted a higher-than-expected second-quarter profit on Thursday as aggressive cost-cutting helped the U.S. automaker narrow its losses in Europe. Related Video What Dell's dime will buy shareholders Techquity: Facebook jumps but can it pass IPO price? Economic News Businesses set to step up capital goods spending U.S. would get short-term job spike if spending cuts reversed: CBO 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