Business Today: Wall St. ends higher on stimulus views, Merck gains

	Click to View in Browser 06/3/2013 Wall St. ends higher on stimulus views, Merck gains NEW YORK (Reuters) - Stocks rose on Monday, helped by weaker-than-expected factory activity that supported views the Federal Reserve will keep economic stimulus in place, while gains in Merck & Co lifted drug companies. Insight: IRS has long history of burying non-profits in paperwork WASHINGTON (Reuters) - Internal Revenue Service staff have a long history of discouraging applications for tax-exempt status from controversial groups by burying them in complicated questionnaires, according to former IRS officials. Among other reasons, they said, the tactic was sometimes used to persuade groups to drop their applications so the IRS could avoid making a ruling. In e-books trial, U.S. says Apple conspired with publishers NEW YORK (Reuters) - Apple Inc conspired with publishers to raise the price of e-books in a scheme costing consumers "hundreds of millions of dollars," a U.S. government lawyer said Monday. Rajaratnam's brother in plea talks over insider charges (Reuters) - Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, is negotiating with prosecutors on a possible resolution to his criminal insider trading case, a court filing shows. Manufacturing activity contracts in May to four-year low NEW YORK (Reuters) - The manufacturing sector contracted in May, driving activity to the lowest level in nearly four years, in the latest sign the economy is encountering a soft patch. Sprint slams Dish's latest offer for Clearwire (Reuters) - Sprint Nextel Corp on Monday attacked Dish Network Corp's competing bid for Clearwire Corp , saying Dish's demands violate Sprint's governance agreements with Clearwire and Delaware law. Airbus, Boeing battle over long-haul jets heats up CAPE TOWN (Reuters) - The battle between Airbus and Boeing over their next-generation of long-haul jets is heating up, with a string of major airlines flagging plans on Monday to place multi-billion dollar orders. Zynga slashes work force by a fifth, warns on bookings SAN FRANCISCO (Reuters) - Zynga Inc, the game maker that has been struggling to retain players, announced on Monday its most dramatic cost-cutting measure to date, with a plan to slash nearly one-fifth of its work force. Strong pickup truck sales boosted U.S. autos in May DETROIT (Reuters) - Strong pickup truck sales, spurred by an improving housing market, boosted May U.S. auto sales after a disappointing April, automakers reported on Monday. GE settles with N.Y. over high-rate healthcare credit card (Reuters) - General Electric Co has reached a settlement with New York's attorney general to end a probe into whether consumers were pressured into using a health care credit card carrying a high interest rate. Related Video Techquity: Pandora for a song as Apple circles, Intel jumps Airline industry profit set to soar Economic News Fed could cut bond buys by summer, two policymakers say Manufacturing activity contracts in May to four-year low 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