Business Today: Apple beats Wall St. view, shares up 4 percent

	Click to View in Browser 07/23/2013 Apple beats Wall St. view, shares up 4 percent SAN FRANCISCO (Reuters) - Apple Inc reported slightly better-than-expected fiscal third quarter revenue of $35.3 billion on solid sales of its flagship iPhone, sending its shares up 4 percent. Dow, S&P stay near record highs in tight-range session NEW YORK (Reuters) - The Dow industrials and the S&P 500 kept close to record intraday highs on Tuesday in a tight trading range, with healthy earnings from United Technologies bolstering the blue-chip Dow. KKR to finance $3.9 billion Gardner Denver deal at record low rates NEW YORK (Reuters) - KKR & Co LP on Tuesday secured the cheapest borrowing rates it ever got to fund a leveraged buyout, which could cut hundreds of millions of dollars from interest it will pay to finance its $3.9 billion takeover of Gardner Denver Inc , banking sources said. SAC's Cohen was too busy to spot insider info in email: lawyers NEW YORK (Reuters) - Steven A. Cohen's legal team claims the hedge fund titan was simply too busy to notice some of his employees may have been using inside information to make trades in shares of computer company Dell Inc in the summer of 2008. AT&T quarterly revenue beats analysts' estimates NEW YORK (Reuters) - AT&T Inc posted quarterly revenue on Tuesday that was ahead of Wall Street expectations as it added wireless subscribers but its profitability was hit by higher costs. Witness bolsters SEC case against Fabrice Tourre NEW YORK (Reuters) - A key witness in the fraud trial of former Goldman Sachs trader Fabrice Tourre said Tuesday she believed hedge fund Paulson & Co Inc planned to invest in a 2007 mortgage deal at the center of the trial. At Senate, Wall St. and Fed feel heat over commodity trade WASHINGTON/NEW YORK (Reuters) - Wall Street's multibillion-dollar commodity trading operations came under the political spotlight on Tuesday as a powerful Senate committee questioned whether commercial banks should control oil pipelines, power plants and metals warehouses. Lockheed hopes for next Pentagon deal on F-35 jets soon WASHINGTON (Reuters) - Lockheed Martin Co is making "good progress" in negotiations with the Pentagon about the next two batches of F-35 fighter jets and hopes to reach agreement soon, Chief Executive Marillyn Hewson said on Tuesday. Corzine seeks to dismiss trustee's lawsuit over MF Global collapse (Reuters) - Jon Corzine and two of his top executives at defunct commodities brokerage MF Global sought Monday to have dismissed a lawsuit accusing them of hastening the firm's 2011 collapse. Analysis: Forget rigs, it's wells that count now in oil services (Reuters) - A combination of oil and gas innovations and well-site cost cuts is rendering the long-vaunted U.S. rig count a less important oilfield indicator than the number of holes in the ground. Related Video The biggest tech tax havens Techquity: Apple number to watch, no Emmy for Netflix Economic News Obama eyeing Fed's Raskin for No. two post at Treasury: source Obama aims to change topic, seize initiative in fiscal fights 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