Business Today: Twitter boosts IPO range amid strong investor demand

	Click to View in Browser 11/4/2013 Twitter boosts IPO range amid strong investor demand NEW YORK/SAN FRANCISCO (Reuters) - Twitter Inc raised the top end of its IPO price range by 25 percent and will close its books a day early, signaling strong demand for the most closely watched Silicon Valley debut since Facebook Inc last year. BlackBerry calls off sale, spurring doubts and stock plunge TORONTO (Reuters) - BlackBerry Ltd abandoned on Monday its plan to sell itself and said its CEO is stepping down, sparking a 16 percent dive in its share price and raising fears the struggling smartphone maker is running out of options. Wall Street edges up in choppy trade; BlackBerry slumps NEW YORK (Reuters) - U.S. stocks ended higher on Monday in light trading volume as investors were reluctant to make big bets with S&P 500 index just below the all-time closing high. Balance sheet lets Fed be patient on when to reduce QE: Rosengren BOSTON (Reuters) - The Federal Reserve can afford to be patient in deciding when to begin scaling back its bond purchases because there will be little difference to the size of the Fed's balance sheet whether the U.S. central bank starts to taper in December or waits until April, a top Fed official said on Monday. Johnson & Johnson to pay $2.2 billion to end U.S. drug probes WASHINGTON (Reuters) - In one of the largest health care fraud settlements in U.S. history, Johnson & Johnson will pay $2.2 billion to end civil and criminal investigations into kickbacks to pharmacists and the marketing of pharmaceuticals for off-label uses, U.S. Attorney General Eric Holder said on Monday. Analysis: Asia's post-September market rally runs out of gas SINGAPORE (Reuters) - Investors' appetite for emerging Asia stocks, bonds and currencies is spent, and for reasons that go beyond the overriding question of when and how the U.S. Federal Reserve will reverse its loose policies. Deutsche Bank co-CEO Fitschen named suspect in Kirch case FRANKFURT (Reuters) - German prosecutors named Deutsche Bank Co-Chief Executive Juergen Fitschen as a suspect on Monday in a dispute over the collapse of the Kirch media empire, adding to the bank's growing list of legal problems. Co-op hedge fund shareholder famous for Argentina battle LONDON (Reuters) - U.S. hedge fund Aurelius Capital Management, which will take a stake in Co-op Bank under a rescue plan for the British mutual lender, is also protagonist in a lengthy and bitter court battle over Argentina's debt default. U.S. to put SAC hedge fund out of business over insider trading NEW YORK (Reuters) - Billionaire investor Steven A. Cohen's days as a hedge fund manager may be finished with an agreement by his SAC Capital Advisors to plead guilty to criminal charges of insider trading and pay a record $1.8 billion in fines and forfeitures. Pimco Total Return loses title as world's largest mutual fund NEW YORK (Reuters) - Bill Gross's Pimco Total Return Fund had outflows of $4.4 billion in October, stripping it of its status as the world's largest mutual fund on lagging performance this year, data from Morningstar showed Monday. Related Video Breakingviews: BlackBerry's burgeoning woes BlackBerry scraps its sale Economic News Balance sheet lets Fed be patient on when to reduce QE: Rosengren Fed in no rush to cut bond buys, top policymakers say 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