Business Today: S&P 500 ends at record high; housing, HP help

	Click to View in Browser 05/23/2014 S&P 500 ends at record high; housing, HP help NEW YORK (Reuters) - The S&P 500 closed at a record on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Hewlett-Packard's stock, which was the S&P 500's best performer, rallied a day after the personal computer maker reported results and said it may cut up to 16,000 jobs. Exclusive: EBay did not initially realize customer data compromised in breach - executive BOSTON/SAN FRANCISCO (Reuters) - EBay Inc executives did not initially realize that customer data was compromised when it discovered a network breach in early May, global marketplaces chief Devin Wenig said in an interview on Friday. New home sales rise, but momentum lacking WASHINGTON (Reuters) - Sales of new U.S. single-family homes rose in April and the stock of houses on the market hit a 3-1/2 year high, but economists said the market was still not clearly gaining steam. Russia, China agree on $25 billion prepayment under supply deal: Gazprom ST PETERSBURG, Russia (Reuters) - Russia and China have agreed on a $25 billion prepayment under a supply deal signed earlier this week, Alexander Medvedev, chief executive of Gazprom Export, said on Friday. Apple, Google, Intel, Adobe to pay $325 million to settle hiring lawsuit (Reuters) - Four major Silicon Valley companies have formally agreed to pay $324.5 million to settle claims brought by employees who accused them of limiting competition by colluding not to poach each other's talent. Stock funds worldwide post $7 billion outflows over week: BofA NEW YORK (Reuters) - Fund investors worldwide pulled $7 billion out of stock funds in the week ended May 21 on weak U.S. economic data and disappointing corporate results, data from a Bank of America Merrill Lynch Global Research report showed on Friday. GM recalling 500 large trucks, SUVs because air bags may not work DETROIT (Reuters) - General Motors Co said Friday it is recalling 500 large trucks and SUVs because air bags may not deploy. Barclays slapped with $44 million fine over gold price fix LONDON (Reuters) - Barclays Plc has been fined 26 million pounds ($43.8 million) for failures in internal controls that allowed a trader to manipulate the setting of gold prices, just a day after the bank was fined for rigging Libor interest rates in 2012. USDA warns of sticker shock on U.S. beef as grilling season starts WASHINGTON (Reuters) - The Department of Agriculture has warned of sticker shock facing home chefs on the eve of the Memorial Day holiday weekend, the unofficial start of the U.S. summer grilling season. Valeant must up Allergan bid to $180-$200/share: JPMorgan survey (Reuters) - When Valeant Pharmaceuticals International Inc raises its offer for Allergan Inc next week as it has indicated it will, it needs to hit the range of $180 to $200 per share, according to a JPMorgan survey of investors. Related Video NEWSMAKER: A Conversation with Timothy Geithner NEWSMAKER: Geithner takes questions on banking system, Europe Economic News New home sales rise, but momentum lacking USDA warns of sticker shock on U.S. beef as grilling season starts 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