Business Today: Wall Street jumps, Nasdaq ends at highest since September 2000

	Click to View in Browser 09/9/2013 Wall Street jumps, Nasdaq ends at highest since September 2000 NEW YORK (Reuters) - U.S. stocks closed sharply higher on Monday, with the Nasdaq ending at its highest level since September 2000, as upbeat data from China boosted optimism about the health of the global economy. Icahn ends battle for control of Dell; vote due on Thursday NEW YORK (Reuters) - Activist investor Carl Icahn said on Monday he would no longer pursue efforts to block founder Michael Dell's proposed $25 billion buyout of Dell Inc, determining "it would be almost impossible to win." Koch brothers move into electronics with $7.2 billion Molex deal (Reuters) - Privately owned Koch Industries will buy Molex Inc, a maker of electronic connectors for companies including Apple Inc, for about $7.2 billion to give the billionaire Koch brothers a way to diversify from their traditional holdings in energy, chemicals and paper. Neiman Marcus sold for $6 billion to Canada Pension Plan, Ares NEW YORK/TORONTO (Reuters) - The owners of Neiman Marcus Inc agreed to sell the U.S. luxury department store chain to two private investors for $6 billion, almost $1 billion more than they paid for the company in 2005. JPMorgan's board takes some power from Dimon (Reuters) - JPMorgan Chase & Co's board, under fire for the bank's trading losses and myriad government probes, said on Monday that it was adding two directors and handing more power to its lead independent director, steps that give it extra supervision over Chairman and Chief Executive Jamie Dimon. Exclusive: Malaysia's Petronas exiting Venezuela crude project - sources HOUSTON/CARACAS (Reuters) - Malaysian oil company Petronas is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt after disagreements with state-run PDVSA, sources close to the venture told Reuters. Verizon sets pricing on $14 billion bank loan NEW YORK (Reuters) - Verizon Communications set pricing on the $14 billion bank loan backing its $130 billion acquisition of the 45 percent stake in Verizon Wireless that it does not already own from Vodafone Group Plc , sources told Thomson Reuters LPC. Monte Paschi's new capital needs could force nationalization MILAN/ROME (Reuters) - The prospect of nationalisation looms large for Italy's Monte dei Paschi di Siena now that the beleaguered lender needs to raise more than twice as much capital as originally planned to meet new European Union requirements. Rain this week dims outlook for Bombardier CSeries' first flight TORONTO (Reuters) - Rain and cloudy weather is forecast for Bombardier Inc's flight test site for much of this week, casting doubts over the date for the first flight of the Canadian company's all-new CSeries jetliner. JPMorgan in $300 million settlement over force-placed insurance NEW YORK (Reuters) - JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they forced homeowners into over-priced property insurance and entered into kickback arrangements that inflated the policies' prices. Related Video Is UK's recovery for real? Storm scientists bring hurricanes indoors Economic News Consumer credit grows, but held back by weak credit card use Fed's Williams: no decision yet on September Fed taper 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