Business Today: Wall Street continues advance but at a snail's pace

	Click to View in Browser 08/15/2012 Wall Street continues advance but at a snail's pace NEW YORK (Reuters) - Stocks spent another session in a tight range on Wednesday, with the S&P 500 ending a few points higher and extending a rally that seems to be happening in slow motion. Muted inflation supports more Fed easing WASHINGTON (Reuters) - Consumer prices were flat in July for a second straight month and the year-over-year increase was the smallest in more than 1-1/2 years, giving the Federal Reserve room to ease policy further to tackle high unemployment. Standard Chartered eyes joint deal after backing down in U.S. LONDON (Reuters) - Standard Chartered is pursuing a collective settlement with other U.S. authorities after backing down and agreeing to pay $340 million to New York's financial regulator following mounting pressure from shareholders. Fed's Fisher says more policy easing won't help on jobs (Reuters) - The president of the Dallas Federal Reserve Bank, Richard Fisher, on Wednesday repeated his view that more monetary policy easing will not help boost employment and could even hurt the U.S. economy because it could exacerbate market uncertainty. News Corp sets up global ethics team in wake of hacking scandal (Reuters) - Rupert Murdoch's News Corp has set up a global compliance and ethics team led by its top in-house lawyer, as it deals with the lingering fallout of a phone-hacking scandal that rocked the company just over a year ago. U.S. Treasury appoints two directors to Ally Financial board (Reuters) - The U.S. Treasury Department on Wednesday named two directors to the board of Ally Financial Inc, the auto lender which is still 74-percent owned by the U.S. government after a series of bailouts during the financial crisis. Staples cuts outlook on weak global demand (Reuters) - Staples Inc reported lower-than-expected second-quarter results as a struggling global economy weakened demand in North America, Europe and Australia, prompting the largest U.S. office supply chain to cut its profit and sales forecasts for the year. Starbucks building new, bigger Evolution Fresh facility (Reuters) - Starbucks Corp next year plans to open a new California facility for its Evolution Fresh juice business that will significantly increase its production and distribution capacity and create 40 new manufacturing jobs. AIG not on the hook for policyholders' Madoff claims: U.S. court NEW YORK (Reuters) - American International Group Inc does not have to cover insurance claims from two former Bernard Madoff clients who sought compensation for their losses under their homeowner's policy, a federal appeals court ruled on Wednesday. HSBC hands U.S. more staff names in tax evasion probe ZURICH (Reuters) - Global bank HSBC has handed over details of current and former employees to the U.S. authorities, it confirmed on Wednesday, as part of a tax probe that almost sank rival bank UBS in 2009. Related Video UAV scales new heights as 3D architecture tool Saft Says: U.S. corporate pension plans face big liability Economic News Muted inflation supports more Fed easing August NY Fed manufacturing index contracts, first time in 10 months 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