Business Today: Jeff Bezos to buy The Washington Post

	Click to View in Browser 08/5/2013 Jeff Bezos to buy The Washington Post (Reuters) - The Washington Post Co said it has sold its flagship newspaper to Jeff Bezos, the founder of Amazon. Dow, S&P 500 end weaker in low volume NEW YORK (Reuters) - Stocks drifted lower in low volume on Monday, following record closes for the Dow and the S&P 500 last week, as a lack of major news left the market directionless. Drop in jobless rate puts Fed closer to end of QE3: Fed's Fisher PORTLAND, Oregon (Reuters) - The Federal Reserve is nearer to dialing back its massive bond-buying program after the unemployment rate dropped last month, a top Fed official said on Monday, the second to make that point in as many trading days. Time Warner Cable offers proposal to CBS to end blackout (Reuters) - Time Warner Cable Inc Chief Executive Glenn Britt sent a letter to CBS Corp CEO Les Moonves on Monday offering a controversial new proposal to end the blackout of CBS shows that started Friday in markets such as New York and Los Angeles. Exclusive: ATK close to deal with gun accessory maker Bushnell - sources (Reuters) - Aerospace and defense products supplier Alliant Techsystems Inc is in advanced talks to buy Bushnell Outdoor Products Inc in a deal that could value the gun accessory maker at around $1 billion, two sources familiar with the matter said on Monday. U.S. service sector growth jumps in July as new orders surge: ISM NEW YORK (Reuters) - The pace of growth in the U.S. services sector accelerated in July, picking up from a three-year low as new orders surged to their highest level in five months, an industry report showed on Monday. US Airways, American Airlines gain EU approval for $11 billion merger BRUSSELS (Reuters) - US Airways and AMR Corp's American Airlines secured EU regulatory approval on Monday for their $11 billion merger after promising to surrender slots at Heathrow and Philadelphia airports. HSBC revenues sag, says may face $1.6 billion U.S. lawsuit hit LONDON (Reuters) - HSBC posted lower than expected earnings on Monday and said it might have to pay $1.6 billion in damages over a U.S. lawsuit, reviving concerns over legacy issues and growth prospects at Europe's biggest bank. No hint of credit tightening in Fed survey of bankers WASHINGTON (Reuters) - U.S. financial conditions remained favorable during the second quarter despite the spike in market interest rates, according to the latest Federal Reserve survey of bank senior loan officers. FINRA fines Oppenheimer $1.4 million over penny stocks, internal controls NEW YORK (Reuters) - Oppenheimer & Co has agreed to pay $1.425 million in fines to resolve charges that the financial services company sold unregistered penny stocks and had inadequate safeguards against money laundering, Wall Street's industry-funded watchdog said. Related Video A la carte pricing would benefit cable companies- Craig Moffett Tasting the €250,000 test-tube burger Economic News Drop in jobless rate puts Fed closer to end of QE3: Fed's Fisher No hint of credit tightening in Fed survey of bankers 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