Business Today: Dow closes above 16,000 for first time

	Click to View in Browser 11/21/2013 Dow closes above 16,000 for first time NEW YORK (Reuters) - The Dow industrials closed above 16,000 on Thursday for the first time and other major indexes also ended higher after economic data pointed to a slowly improving labor market and subdued inflation. U.S. jury awards Apple $290 million in retrial against Samsung SAN JOSE, California (Reuters) - A U.S. jury awarded Apple Inc about $290 million in a damages retrial against Samsung Electronics Co Ltd, the latest battle in global patent litigation between the two mobile giants. Analysis: Markets finally absorb Fed's two-track message SAN FRANCISCO (Reuters) - After months of misfires, the U.S. Federal Reserve's message is finally getting through to Wall Street: to taper is not to tighten. AIMCo's head says BlackBerry proposals lacked a turnaround plan CALGARY, Alberta (Reuters) - The head of one of Canada's top pension funds confirmed on Thursday his firm was involved in talks over a potential buyout of BlackBerry Ltd but said he never saw a business plan he was confident would turn around the once-dominant smartphone maker. As Omnicom and Publicis merge, rivals prepare to snare clients BARCELONA (Reuters) - Three major rivals to advertising groups Omnicom and Publicis , which are merging, say they are poaching work from the pair by luring clients who are unsettled by the $35.1 billion deal. Analysis: China investors face bumpy ride as reform speculation intensifies SHANGHAI (Reuters) - Rapid swings in Chinese financial markets in response to ambitious reform plans herald a white-knuckle year for investors, as speculation on the direction and tempo of policy pours gas on an already volatile market. Tesla's top sales executive departs DETROIT (Reuters) - George Blankenship, the lead architect of Tesla Motors Inc's sales strategy and distribution network for more than three years, left the electric car maker last month, according to his LinkedIn page. Yellen takes big step toward becoming next Fed chair WASHINGTON (Reuters) - Federal Reserve Vice Chair Janet Yellen moved closer on Thursday to becoming the first woman to lead the U.S. central bank after a Senate committee backed her nomination and the chamber changed its rules to make it easier for nominees to be confirmed. Gulf carriers eye prize as Australia airlines duke it out SYDNEY (Reuters) - The bad-tempered battle between Virgin Australia Holdings Ltd and Qantas Airways Ltd over Australia's skies is a proxy for increasingly tough regional competition among carriers including ambitious Gulf airlines Etihad and Emirates. Judge partially accepts OGX bankruptcy protection filing: lawyer BRASILIA (Reuters) - A Brazilian judge accepted a request for bankruptcy protection by former billionaire Eike Batista's oil company OGX , but denied the filing for its subsidiaries abroad, the company's lawyer told Reuters on Thursday. Related Video Showtime at the LA Auto show Kawasaki concept bike offers transformative vision of the future Economic News Fed's Bullard: keep buying bonds as U.S. inflation muted Yellen takes big step toward becoming next Fed chair 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