Business Today: Wall St. climbs after extended Nasdaq outage

	Click to View in Browser 08/22/2013 Wall St. climbs after extended Nasdaq outage NEW YORK (Reuters) - Stocks closed higher on Thursday in a trading session marred by a historic trading halt of roughly three hours on the Nasdaq stock exchange as a result of technical problems. Nasdaq market paralyzed by three-hour shutdown NEW YORK (Reuters) - Trading in a large part of the U.S. stock market came to a halt for much of Thursday after an unexplained issue shut down trading of Nasdaq-listed securities, the latest black eye for the U.S. securities trading business. Second doctor described in new indictment against SAC's Martoma NEW YORK (Reuters) - U.S. prosecutors on Thursday filed a superseding indictment in the insider trading case against a former portfolio manager at an affiliate of Steven A. Cohen's hedge fund SAC Capital Advisors, according to court papers. Small insurer's stock first to resume trade on Nasdaq (Reuters) - Shares of Atlantic American Corp , a tiny insurance company headquartered in Atlanta, were the first Nasdaq-listed shares to resume trading Thursday afternoon after a large part of the U.S. market came to a halt following an unexplained issue. Icahn plans dinner meeting with Apple's Cook on buyback size SAN FRANCISCO (Reuters) - Carl Icahn has spoken again with Apple Inc's Tim Cook and plans a longer discussion with the chief executive over dinner next month about the size of the iPhone maker's buyback program, the activist investor tweeted on Thursday. Gap raises profit forecast, dividend (Reuters) - Gap Inc on Thursday reported a higher second-quarter profit, helped by the sales gains at its namesake and Old Navy chains and online, leading the clothing retailer to raise its full year profit forecast and dividend. Aeropostale forecasts another loss, to speed up store closings (Reuters) - Teen apparel retailer Aeropostale Inc on Thursday forecast a deep third quarter loss, and said the highly promotional environment that has led it to cut prices and decimated earnings would continue in the back-to-school shopping period. U.S. economy can handle reduction in bond-buys: Fed's Fisher ORLANDO, Florida (Reuters) - The U.S. economy can withstand a reduction in the Federal Reserve's stimulative asset-purchase program, even though the easy-money policies have boosted U.S. manufacturers and other companies, a top central bank official said on Thursday. U.S. dealers expected $15 billion reduction in QE3 in September: survey NEW YORK (Reuters) - Primary dealers surveyed before the Federal Reserve's July policy meeting said they expected the U.S. central bank to trim its asset purchases by $15 billion starting in September. Jack Daniel's toasts rising demand with new distillery (Reuters) - The makers of Jack Daniel's whiskey will spend more than $100 million to increase production to sate the growing thirst for the world-famous Tennessee whiskey. Related Video Gamestop stock has more upside -Piper Jaffray's Olson Breakingviews: Not what the doctor's ordering Economic News U.S. business borrowing for equipment rises 9 percent in July: ELFA U.S. labor market, factory data show economy firming 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