Business Today: Wall St. edges higher despite McDonald's disappointment

	Click to View in Browser 07/22/2013 Wall St. edges higher despite McDonald's disappointment NEW YORK (Reuters) - The S&P 500 notched a third consecutive record closing high on Monday and major indexes rose, though disappointing McDonald's earnings kept the Dow from making significant gains. Home sales take a breather, but prices hit five-year high WASHINGTON (Reuters) - U.S. home resales unexpectedly fell in June after two straight months of hefty increases, but a surge in prices to a five-year high suggested the housing market recovery remained on course. Exclusive: Vivendi to announce Maroc Telecom sale to Etisalat - sources LONDON/PARIS (Reuters) - French conglomerate Vivendi is set to announce the sale of its 53 percent stake in Maroc Telecom to Dubai-based Etisalat in one of the biggest emerging market deals this year, three sources with direct knowledge of the situation said. Apple developer site shuttered four days after attack BOSTON (Reuters) - A website that Apple Inc uses to communicate with its community of some 6 million software developers remained shuttered on Monday, four days after a cyber attack that prompted a harried upgrade to prevent future breaches. Glaxo says executives appear to have broken Chinese law LONDON/SHANGHAI (Reuters) - British drugmaker GlaxoSmithKline said on Monday some of its executives in China appeared to have broken the law in a bribery scandal, as it promised changes in its business model that would lower the cost of medicine in the country. Jaguar to launch mass market range in 2015: sources LONDON (Reuters) - British luxury carmaker Jaguar will launch new affordable models from 2015 in a bid to emulate the success of lower cost luxury vehicles made by its sister company Land Rover, two sources close to the company said on Monday. McDonald's signals weak 2013 as U.S. rivals, Europe economy bite (Reuters) - McDonald's Corp on Monday dashed investor hopes that its business would strengthen in the second half of the year, blaming tougher competition in the U.S. and weaker sales in Europe. Strong showing for Hasbro games business lifts shares (Reuters) - Sales of Hasbro Inc games, including "Monopoly" and "Magic: The Gathering," jumped 19 percent in the second quarter, suggesting the No. 2 toymaker may be shoring up a weak area that could help offset a steady decline in demand for action figures. Federal judge sets first hearing in Detroit bankruptcy case DETROIT (Reuters) - A federal court judge has set the first hearing in Detroit's bankruptcy case for Wednesday to take up the city emergency manager's request to put state lawsuits challenging the bankruptcy filing on hold. Dexia says will take 59 million euro charge for Detroit debt BRUSSELS (Reuters) - Nationalized Franco-Belgian bank Dexia said on Monday it would take a 59 million euro (US$77.84 million) charge in its second-quarter income related to debt holdings from the U.S. city of Detroit. Related Video Techquity: Dan Loeb says Yahoo! Apple gets pre-results boost Home prices rising almost as fast as in bubble-Trulia's Kolko Economic News Business groups push U.S. Congress to prevent import tax hike Home sales take a breather, but prices hit five-year high 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