Business Today: Dow, S&P close at record highs as Wall Street rallies

	Click to View in Browser 04/10/2013 Dow, S&P close at record highs as Wall Street rallies NEW YORK (Reuters) - Stocks climbed 1 percent on Wednesday, with both the Dow and S&P 500 ending at historic highs as cyclical shares led the way higher for a second straight day. Study pinpoints U.S. companies susceptible to takeovers (Reuters) - Corporate raiders take note: new research finds that financial services company Morgan Stanley and retailer J C Penney Co Inc are among the most vulnerable to hostile takeovers. Exclusive: Goldman deal with union group lets Blankfein keep dual roles (Reuters) - For the second year in a row, Goldman Sachs Group fended off a shareholder proposal that would have stripped Chief Executive Lloyd Blankfein of his chairman title. Instead, Goldman agreed with a union-backed investment group to increase the powers of its lead director. March budget deficit shrinks to $107 billion WASHINGTON (Reuters) - The budget deficit narrowed in March compared to the same month last year, as the government got more money from payroll and income taxes and had to spend less on its financial rescue fund. Ex-KPMG auditor's lawyer says inside trader cooperating with FBI NEW YORK (Reuters) - The man who had received inside information on Herbalife Ltd and footwear maker Skechers USA Inc from a senior KPMG auditor in Los Angeles is cooperating with federal investigators, the former auditor's lawyer said on Wednesday. CEOs of biggest U.S. banks to meet with Obama on Thursday: sources NEW YORK/WASHINGTON (Reuters) - Executives of the biggest U.S. banks are expected to meet with President Barack Obama on Thursday, according to people familiar with the matter. Obama budget aims to kickstart deficit-reduction talks WASHINGTON (Reuters) - President Barack Obama proposed a $3.77 trillion budget on Wednesday that combines controversial cuts to social safety net programs with tax increases on the wealthy. IMF chief says easy monetary policy should stay for now NEW YORK (Reuters) - Global growth is likely to remain tepid this year and central banks should keep their easy monetary policies in place, the head of the International Monetary Fund said on Wednesday. Tesla CEO pushes Texas to allow direct-to-consumer car sales AUSTIN, Texas (Reuters) - Tesla Motors Inc Chief Executive Elon Musk is pushing to change Texas law to allow his electric car company to sell directly to consumers, and he took his fight to the state Capitol on Wednesday. NY judge approves $115 million AIG shareholder settlement NEW YORK (Reuters) - A federal judge on Wednesday approved a $115 million settlement between American International Group Inc shareholders and former CEO Maurice "Hank" Greenberg and other defendants over alleged improper accounting at the insurance giant. Related Video Wealth Strategies: Bond manager Fuss...likes some stocks Techquity: Facebook, Apple, Yahoo, Baidu vs. Google Economic News Obama tax blueprint opening gambit in potential tax rewrite Tax informants' attorneys slam IRS whistleblower program 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