Business Today: Wall Street advances as defensive stocks extend rally

	Click to View in Browser 01/29/2013 Wall Street advances as defensive stocks extend rally NEW YORK (Reuters) - Stocks advanced on Tuesday, led by defensive sectors, in a sign the cash piles recently moving into the market are being put to use by cautious investors to pick up more gains. Amazon shares hit record after quarterly results SAN FRANCISCO (Reuters) - Amazon.com Inc shares hit a new record on Tuesday after the world's largest Internet retailer reported better-than-expected quarterly profit, fueled by growth of higher-margin businesses. Job growth likely modest but steady in January WASHINGTON (Reuters) - Hiring by employers likely held steady in January, pointing to modest growth in the economy despite worries that budget battles in Washington could derail the recovery. Judge okays BP plea, $4 billion penalty in Gulf oil spill (Reuters) - A U.S. judge accepted an agreement by BP Plc to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history. NTSB doing detailed analysis of damaged Boeing 787 battery WASHINGTON (Reuters) - The National Transportation Safety Board on Tuesday said it was continuing to investigate a January 7 battery fire on a Boeing Co 787 Dreamliner at Boston airport, and had shifted into a more detailed, microscopic examination of the damaged battery. Apollo, Metropoulos near deal for Hostess Twinkies: sources NEW YORK (Reuters) - Private equity firms Apollo Global Management LLC and C. Dean Metropoulos & Co are near a deal to buy snack cake brands including Hostess Twinkies and Donettes, two sources familiar with the matter said on Tuesday. Analysis: Dell LBO talks reveal other leverage options NEW YORK (Reuters) - A bid to take Dell Inc private by buyout firm Silver Lake and its partners underscores the financing market's willingness to lend up to $15 billion to the world's No.3 PC maker -- money that could be used to buy back shares and pay dividends even if the deal doesn't come together. Nasdaq combines global data and index businesses (Reuters) - Nasdaq OMX Group Inc said on Tuesday it was combining its global data and index businesses as the trans-Atlantic exchange operator continues to reposition itself to be a bigger player in technology services, a move aimed at boosting non-transaction-based revenues. Boeing's earnings, outlook overshadowed by 787 unknowns NEW YORK (Reuters) - Just over a month ago, Boeing was flying high. Ford sees $2 billion loss, slumping sales in Europe DETROIT (Reuters) - Ford Motor Co forecast a $2 billion loss in Europe this year, pointing to a punishing recession that could drive down industry sales in the region to a 20-year low. Related Video Techquity: Mobile moves from Apple, Microsoft; VMware weak Daily Digit: 4% extra for charging Economic News Home prices see best yearly gain since 2006 Job growth likely modest but steady in January 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