Business Today: Wall Street slips after six-day run; Japan data weighs

	Click to View in Browser 08/13/2012 Wall Street slips after six-day run; Japan data weighs NEW YORK (Reuters) - Stocks ended slightly lower on Monday as fatigue set in after a six-day rally and disappointing Japanese growth data provided a fresh reminder of the headwinds facing the global economy. U.S. Treasury increases auto bailout cost estimate WASHINGTON (Reuters) - The U.S. Treasury Department has said the auto industry bailout will cost taxpayers $3.4 billion more than previously thought. Tesoro eyes West Coast empire with BP refinery deal (Reuters) - Tesoro Corp moved on Monday to create the biggest U.S. refining empire in the Pacific Basin with a $2.5 billion deal to buy BP's Carson plant in the isolated California market. Google to cut 4,000 Motorola Mobility jobs, shares rise (Reuters) - Google Inc will slash 20 percent of the workforce of Motorola Mobility in the Internet search giant's largest job cuts ever as it moves to make more smartphones and fewer simple mobiles. Apple expert shines light on Samsung sales in U.S. SAN JOSE (Reuters) - Apple Inc is claiming that more than a quarter of Samsung Electronics' $30.4 billion in U.S. smartphone and tablet sales result from copying of the iPhone and iPad or infringe on other patents, a damages expert for the U.S. company said on Monday. Groupon quarterly revenue misses expectations (Reuters) - Groupon Inc reported second-quarter revenue that missed Wall Street expectations on Monday, sending shares of the world's largest daily deal website down 12 percent. Sears says to proceed with plan to spin off some stores (Reuters) - Retailer Sears Holdings Inc said on Monday it has decided to move ahead with plans to spin off its Sears Hometown and Outlet businesses and certain hardware stores as a separate company, and expects to raise $346.5 million from the deal. World powers eye emergency food meeting; action doubted PARIS/LONDON (Reuters) - Leading members of the Group of 20 nations are prepared to trigger an emergency meeting to address soaring grain prices caused by the worst U.S. drought in more than half a century and poor crops from the Black Sea bread basket. Julius Baer bulks up in Asia with Merrill deal ZURICH (Reuters) - Swiss private bank Julius Baer is to buy Bank of America Merrill Lynch's overseas wealth-management business for up to 860 million Swiss francs ($882 million), getting a huge boost in Asian growth markets. Senior Merkel ally sends stark warning to Greece BERLIN (Reuters) - A senior member of Chancellor Angela Merkel's party issued a stark warning to Greece on Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout. Related Video Capitalising on Olympic success Trading at Noon: Google cuts Motorola staff, gains Frommers Economic News U.S. import prices fall on oil, industrial supplies Obama meat aid plan lifts prices but not farm sentiment 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