Business Today: Morgan Stanley profit beats Street as equity trading surges

	Click to View in Browser 10/18/2013 Morgan Stanley profit beats Street as equity trading surges (Reuters) - Morgan Stanley posted a higher-than-expected quarterly profit on Friday as stock trading revenue jumped 31 percent, surprisingly strong performance in a quarter when rivals posted smaller gains or even declines in that business. S&P 500 ends at record high on strong earnings NEW YORK (Reuters) - The S&P 500 closed at a record high for the second consecutive day on Friday as positive earnings from Google , Morgan Stanley and others lifted investor sentiment. GE posts strong third-quarter order backlog, profit margins; shares rise (Reuters) - General Electric Co on Friday posted a record backlog of orders that the company said positioned it well for 2014, lifting shares and overshadowing a decline in quarterly profit and revenue. JPMorgan reaches $4 billion deal with U.S. housing agency: WSJ NEW YORK (Reuters) - JPMorgan Chase & Co has reached a tentative $4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold to them during the housing boom, the Wall Street Journal reported on its website on Friday. Google shares break $1,000 barrier as mobile pays off SAN FRANCISCO (Reuters) - Google Inc shares jumped past $1,000 on Friday as investors bet on the Internet company's continued dominance of the mobile and video advertising businesses despite aggressive competition from Facebook Inc and Yahoo Inc. NYSE to open up facilities for testing ahead of Twitter IPO NEW YORK (Reuters) - NYSE Euronext said on Friday it would offer testing next weekend for trading firms planning to take part in Twitter's market debut, highlighting an industry-wide focus on risk controls after a spate of technology-related snafus in recent years. As stock splits wane, more may follow Google to $1,000 NEW YORK (Reuters) - With its surge on Friday, Google Inc became the latest member, though not likely the last, of a tiny fraternity of companies that boast $1,000 share prices. Harper says will weigh security concerns on any BlackBerry deal: Bloomberg (Reuters) - BlackBerry Ltd , the struggling smartphone maker seeking a buyer, should be wary of any deals that would raise national-security concerns, Canadian Prime Minister Stephen Harper said on Friday, according to a report. Data delay adds wrinkle to U.S. inflation bond sales NEW YORK (Reuters) - While the federal government ramped its operations back up on Thursday, 16 days of a partial shutdown have left some lingering headaches in certain corners of the bond market that rely on timely inflation data to value securities. SEC charges character in 'The Big Short' with fraud WASHINGTON (Reuters) - U.S. regulators on Friday charged a money manager made famous by Michael Lewis' book "The Big Short" with misleading investors on a complex structured product in 2006. Related Video Breakingviews: Googling the next big thing London Mayor on Hong Kong mission Economic News Fed's Tarullo says bank funding still biggest risk NY Fed's Dudley: regulators must stay ahead of curve 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