Business Today: Wall Street ends higher, led by tech, Microsoft

	Click to View in Browser 04/22/2013 Wall Street ends higher, led by tech, Microsoft NEW YORK (Reuters) - Stocks climbed on Monday as last week's sharp losses brought buyers back to the market and shares of Microsoft jumped after an activist investor took a stake in the company. Existing home sales edge down, prices rise WASHINGTON (Reuters) - Home resales edged downward in March, pointing to some slowdown in the housing market recovery pace as overall economic activity cools. News Corp, shareholders agree to phone hacking deal (Reuters) - News Corp will receive $139 million worth of insurance proceeds in a rare cash settlement that resolves a lawsuit by shareholders alleging the board failed to investigate the company's phone hacking scandal. Dreamliner set to fly in a week as Boeing fixes battery TOKYO/LONDON (Reuters) - Boeing began installing reinforced lithium-ion battery systems on five 787 jets in Japan on Monday, starting a process that should make the first commercial Dreamliners ready to fly again in about a week. Era of austerity has run its course, EU says BRUSSELS (Reuters) - France and Spain fell short of their budget deficit goals last year and debt levels swelled across the euro zone but the pressure may be easing on Paris and Madrid as the European Commission signals an end to sharp spending cuts. Airbus wins coveted BA mini-jumbo order LONDON (Reuters) - International Airlines Group unveiled orders for 18 Airbus A350 long-haul jets for its British Airways arm and said it was in further talks with Airbus and Boeing to secure more planes for Spanish unit Iberia. S&P asks federal judge to dismiss U.S. civil fraud lawsuit (Reuters) - Standard & Poor's asked a federal judge on Monday to dismiss a U.S. Justice Department civil fraud lawsuit against the rating agency, arguing the statements that underpin the government's case are too vague and therefore can't be used to prove fraud. Caterpillar misses, cuts view, but says mining has bottomed CHICAGO (Reuters) - Caterpillar Inc posted disappointing quarterly results and cut its 2013 profit forecast on Monday to reflect a drop in demand for heavy equipment from its mining customers. Penney begins selling disputed Martha Stewart-designed goods NEW YORK (Reuters) - J.C. Penney Co Inc isn't waiting for a final court decision. Israel airline strike ends after government, El Al forge deal JERUSALEM (Reuters) - Israel reached an agreement with airline El Al on Monday to help cover its security costs, which ended a two-day strike and will help the flag carrier be competitive in an open-skies deal with Europe. Related Video Techquity: Apple bruised but desirable say analysts Wealth Strategies: Short Euro, Pound but load up on USD Economic News Existing home sales edge down, prices rise Fed's Dudley urges Europe banking union, warns on economy 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