Business Today: Dow climbs to highest since 2007, Fed optimism builds

	Click to View in Browser 09/11/2012 Dow climbs to highest since 2007, Fed optimism builds NEW YORK (Reuters) - The Dow industrials closed at the highest level in nearly five years on Tuesday in a lightly traded session before key decisions in Germany and the United States that could give markets a further boost. U.S. expects to earn $15.1 billion from bailing out AIG: Treasury WASHINGTON (Reuters) - The U.S. Treasury further reduced its stake in American International Group and said on Tuesday that the United States would now profit $15.1 billion from bailing out the insurer. Over-optimistic Fed may backtrack again on forecasts (Reuters) - Has the Federal Reserve watched the U.S. recession and painfully slow recovery through rose-colored glasses? Ford CEO Mulally likely to retire end of 2013: Bloomberg (Reuters) - Ford Motor Co Chief Executive Alan Mulally is likely to retire by the end of next year, Bloomberg reported on Tuesday, citing someone familiar with the company's succession plan. John Compton leaving PepsiCo, Zein Abdalla named president (Reuters) - PepsiCo Inc said on Tuesday that longtime executive John Compton is leaving to become the chief executive of truck stop operator Pilot Flying J Oil Corp and said Zein Abdalla would succeed him as president. Morgan Stanley, Citigroup settle brokerage dispute (Reuters) - Morgan Stanley and Citigroup Inc have agreed to value their brokerage joint venture at $13.5 billion, settling a months-long dispute that notches a victory for Morgan Stanley. JPMorgan CEO says no new trouble from derivatives loss NEW YORK (Reuters) - In his first public comment in two months on JPMorgan Chase & Co's $5.8 billion trading loss, Chief Executive Jamie Dimon said the bank is continuing to reduce the small amount of risk left in its flawed derivative portfolio. Egan-Jones affirms U.S. AA rating, negative outlook NEW YORK (Reuters) - Rating agency Egan-Jones on Tuesday affirmed the credit rating of the U.S. government at AA, citing concerns about the country's debt load and lukewarm economic growth. Black Merrill brokers lose appeal over bias in bonuses (Reuters) - A federal appeals court rejected a racial bias lawsuit against Bank of America Corp by black financial advisers at the former Merrill Lynch & Co, but said they could try to recover losses over bonus payouts in a separate case. Do PCs have a future? Intel thinks so SAN FRANCISCO (Reuters) - Intel Corp showed off hybrid tablets and ultrabook laptops with voice and gesture recognition technology along with an upcoming low-power chip in a bid to convince Wall Street a slump in the personal computer industry is only temporary. Related Video Deutsche Bank to cut bonuses South Africa's mining crisis spreads Economic News Over-optimistic Fed may backtrack again on forecasts Study: 401(k) fee disclosure leaves small firms with questions 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