Business Today: Wall Street flat on earnings; IBM pressures Dow

	Click to View in Browser 01/22/2014 Wall Street flat on earnings; IBM pressures Dow NEW YORK (Reuters) - The S&P 500 closed flat on Wednesday as a mixed bag of corporate earnings failed to give investors the confidence to push equities higher with the index near record levels. Target cuts 475 jobs in Minnesota offices NEW YORK (Reuters) - Target Corp said on Wednesday that it is cutting 475 jobs at its headquarters and other offices in Minnesota and will not fill 700 open positions worldwide. EBay profit rises; Icahn proposes spin-off of PayPal (Reuters) - EBay Inc on Wednesday reported a higher profit for the holiday quarter as more transactions were paid with its PayPal service. Icahn blasts Apple again, boosts position to $3 billion SAN FRANCISCO (Reuters) - Activist investor Carl Icahn lashed out against Apple Inc again on Wednesday, and tweeted that he had bought $500 million more shares in the company in just the past two weeks, bringing his investment in the iPhone maker to over $3 billion. VMware to buy mobile security firm AirWatch for $1.54 billion (Reuters) - Cloud software maker VMware Inc said it would buy privately held mobile security company AirWatch for $1.54 billion to tap into rising demand from companies to secure the smartphones and tablets used by employees. Madoff suffered heart attack last month: CNBC reports NEW YORK (Reuters) - Convicted fraudster Bernard Madoff was hospitalized last month for a heart attack, CNBC reported on Wednesday. Memory chipmaker SanDisk's fourth-quarter profit, revenue beat Street SAN FRANCISCO (Reuters) - Memory chipmaker SanDisk said on Wednesday its fourth-quarter profit and revenue exceeded expectations as the adoption of solid-state drives helped boost demand for its chips. Most JPMorgan employees get no raise as legal bills mount -source NEW YORK (Reuters) - JPMorgan Chase & Co is telling employees this week about their 2013 bonuses, and most workers are not getting pay increases for the year thanks to the bank's massive legal bills, a person familiar with the matter said. Most minicars fail new crash test; Fiat 500, Honda Fit worst DETROIT (Reuters) - Subcompact cars including the Fiat 500 and Honda Fit performed the worst of any vehicle segment so far in a tough new test that assesses what happens when the front corner of a vehicle hits another car, a utility pole or tree. Fidelity asset head O'Hanley to step down after cautious reign BOSTON (Reuters) - Fidelity Investments asset management head Ron O'Hanley will leave the company at the end of February, executives said on Wednesday, after a cautious stint running a key unit of the family-controlled business since 2010. Related Video McDonald's denies French tax allegations Will UK jobs fall mean rate rise? Economic News BOJ's Kuroda shrugs off need for more easing, bullish on inflation target U.S. debt ceiling to bind by late February: Treasury 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