Business Today: Wall Street ends flat despite Spain hope, S&P off for week

	Click to View in Browser 09/21/2012 Wall Street ends flat despite Spain hope, S&P off for week NEW YORK (Reuters) - Stocks closed flat on Friday even though investors welcomed Spain's efforts to seek a bailout and cheered Apple's newest iPhone that went on sale today, driving its shares to a record high. GM recalls nearly 474,000 cars over gear shift problem (Reuters) - General Motors Co is recalling 473,841 Chevrolet, Pontiac and Saturn sedans globally to fix a condition that could lead the cars to roll when the drivers think they are in park, the No. 1 U.S. automaker said on Friday. Apple iPhone 5 fever rages despite grumbling over maps SAN FRANCISCO/LONDON (Reuters) - Apple Inc fans queued around city blocks worldwide on Friday to get their hands on the new iPhone 5, pointing to a strong holiday season for the consumer device maker despite grumblings about the mapping app in the new smartphone. Analysis: Housing regulators loosen rules, but at what cost? (Reuters) - Just four years after toxic U.S. mortgages brought the global financial system to its knees and triggered the deepest recession since the Great Depression, a U.S. housing regulator may be making it easier for banks to make bad loans without suffering losses. Jefferies discloses executive pay plans after stock drops (Reuters) - Jefferies Group Inc took the unusual step of outlining compensation plans for its two top executives for the next three years after the investment bank's shares came under pressure over pay concerns. Exclusive: Goldman Sachs plays catch-up with hedge fund offering NEW YORK (Reuters) - Goldman Sachs Group is taking a page from its Wall Street competitors in bringing a new hedge fund product to market. Schwab cuts fees on ETFs in bid for market share (Reuters) - Discount broker Charles Schwab Corp cut fees on its exchange-traded funds, seeking to gain market share for a three-year old product line that has badly lagged competitors. Tribune eyes former Discovery executive Liguori as CEO (Reuters) - Peter Liguori, a former top executive at News Corp's Fox and Discovery Communications Inc, has emerged as the leading candidate for Chief Executive at Tribune Co once it emerges from bankruptcy, according to two sources close to the situation. German, French leaders to discuss EADS, banking union BERLIN/PARIS (Reuters) - Angela Merkel and Francois Hollande will scrutinize plans by EADS and BAE Systems to form an aerospace and defense giant on Saturday but are unlikely to give final go-ahead to a merger fraught with economic and security concerns. Standard Chartered inks $340 million deal with NY regulator NEW YORK (Reuters) - Standard Chartered Bank signed a final agreement with New York's banking regulator to pay $340 million to settle allegations that it hid transactions with Iran from regulators. Related Video Breakingviews: Fed smashes more taboos Die-hard fans get iPhone 5 Economic News Factory, jobless claims reports signal weakness Lawmakers may push "fiscal cliff" deadlines into 2013 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