Business Today: Wall Street rises; S&P, Nasdaq set fifth straight gain

	Click to View in Browser 04/21/2014 Wall Street rises; S&P, Nasdaq set fifth straight gain NEW YORK (Reuters) - U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation after a strong rally last week and ahead of a slew of key earnings releases this week. Netflix U.S. streaming business grows, shares jump LOS ANGELES (Reuters) - Netflix Inc reported higher profit that beat Wall Street expectations for the quarter that ended in March, boosted by the addition of 2.25 million customers to its movie and TV streaming service in the United States. Ford to name Fields as CEO soon, replacing Mulally: source DETROIT (Reuters) - Ford Motor Co will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, a person familiar with the plans said on Monday. Jobless rate still good gauge of slack: Fed study SAN FRANCISCO (Reuters) - The U.S. jobless rate in recent years has been a good gauge of slack in the economy, according to a paper published Monday by the Federal Reserve Bank of San Francisco that takes aim at critics who have argued otherwise. Nokia sees Microsoft deal closing this week HELSINKI (Reuters) - Nokia said on Monday it expects the sale of its handset business to Microsoft to be finalized on April 25, as it had received all the required regulatory approvals. Merrill sets new $8 million bragging target for its top brokers NEW YORK (Reuters) - Merrill Lynch is dangling a new incentive in front of its brokers by creating a "recognition club" for those who bring in $8 million or more a year from clients, more than doubling the top goals set by its securities industry rivals. NHTSA closes four-year probe of Ion steering issues after GM recall DETROIT (Reuters) - U.S. safety regulators closed a four-year probe into power steering problems in almost 335,000 older Saturn Ions after General Motors Co recalled the cars, which are also part of an unrelated recall of defective ignition switches linked to at least 13 deaths. Mazda recalls 109,000 SUVs in the United States for rust issue DETROIT (Reuters) - Mazda Motor Corp is recalling 109,000 Tribute compact sport utility vehicles in the United States to address potential rusting frame parts in cold-weather states where road salt is heavily used in the winter. Exclusive: Fidelity's Danoff looks beyond tech stocks as performance lags BOSTON (Reuters) - Will Danoff, who runs Fidelity Investments' behemoth Contrafund, is frustrated by his lagging performance this year and is pruning his exposure to cloud software stocks that got clobbered recently in a swift and hard-hitting downturn. Hasbro rides My Little Pony to stronger profit (Reuters) - Hasbro Inc reported a better-than-expected quarterly profit on strong demand for toys such as My Little Pony, that have strong tie-ins with TV shows aimed at little girls. Related Video Piketty: changes to property taxes key to fixing inequality US Navy's "warfighter game-changer" railgun set for sea tests Economic News Leading economic indicators rise in March Jobless rate still good gauge of slack: Fed study 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