Business Today: Wall Street falls for 5th day in six

Click to View in Browser 05/9/2012 Wall Street falls for 5th day in six NEW YORK (Reuters) - Stocks fell on Wednesday for the fifth day in six as investors kept Europe's recent turmoil in focus, but news that Greece will get its latest bailout payment helped cut losses late in the session. Exclusive: Merrill MVPs earn half firm's revenue, big paychecks NEW YORK (Reuters) - The multimillion-dollar signing bonuses that big brokerages are doling out to recruit elite brokers may seem excessive, but internal reports from Merrill Lynch show why firms are willing to pay top dollar for a top broker. Cisco profit beats Street, economic worries remain (Reuters) - Network equipment maker Cisco Systems Inc beat third quarter earnings estimates, allaying some concerns about global technology spending even as questions remained about the company's ability to weather economic weakness. News Corp posts higher quarterly profit (Reuters) - Rupert Murdoch's News Corp on Wednesday posted a higher quarterly profit, aided by its cable networks and movie studio business. Dewey's top leaders to leave troubled law firm (Reuters) - Two of Dewey & LeBoeuf's four leaders are jumping ship, as the ailing U.S. law firm prepares for mass layoffs of employees and junior lawyers, the firms that are hiring them said on Wednesday. GM-PSA steering committee meets, plans take shape DETROIT (Reuters) - General Motors Co and PSA Peugeot Citroen are hammering out agreements for the projects they want to tackle together as part of their new global alliance, including expanding the number of vehicles they will build on shared platforms. Objectors to $8.5 billion BofA settlement to get more info NEW YORK (Reuters) - Investors that oppose an $8.5 billion settlement with Bank of America Corp over mortgage bonds can review some of the discussions that led to the agreement. Green Mountain says no other board margin accounts WATERBURY, Vermont (Reuters) - Green Mountain Coffee Roasters Inc has concluded that no other senior officials have the sort of margin account that led the company to strip its founder, Robert Stiller, of his role as chairman on Tuesday. Honda wins appeal over Civic hybrid fuel economy (Reuters) - Honda Motor Co has won the reversal of a $9,867 small-claims judgment awarded to an owner who claimed the Japanese automaker fraudulently overstated the fuel economy of her Civic hybrid car. U.S. House votes to renew Ex-Im Bank, boost credit cap WASHINGTON (Reuters) - The House of Representatives on Wednesday voted to renew the U.S. Export-Import Bank's charter until September 2014 and gradually raise its lending cap to $140 billion, disappointing conservative groups who want the nearly 80-year-old bank to die. Related Video FACTBOX: Merrill pays up for top brokers Berkshire Hathaway execs see modest growth, cost challenges Economic News Fed officials at odds on jobs outlook Wholesale inventories data points to Q1 GDP downgrade 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