Daily Investor Briefing: Wall Street flat on earnings; IBM...

	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. Novartis to cut 500 jobs in shutting U.S. Diovan plant ZURICH (Reuters) - Novartis plans to axe around 500 jobs in shutting a U.S. plant that makes its blood pressure pill Diovan, marking the second reorganization of its operations in as many days. 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. UK lawmakers told no evidence RBS pushed firms into default LONDON (Reuters) - The author of a report into state-backed Royal Bank of Scotland's lending to small businesses said he found no evidence of the bank engineering companies into default. Are financial markets safer? Davos crowd say yes, but more to do (Reuters) - The financial system is safer than it was five years ago as banks have more capacity to withstand shocks, but more needs to be done to reduce risk, particularly in derivatives. Related Video McDonald's denies French tax allegations Will UK jobs fall mean rate rise? Related News Einhorn's hedge fund adds positions in Micron and BP That retirement time bomb 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