Business Today: Upbeat data, deals lift Wall Street; traders keep eye on Fed

	Click to View in Browser 12/16/2013 Upbeat data, deals lift Wall Street; traders keep eye on Fed NEW YORK (Reuters) - U.S. stocks rose on Monday after closing Friday their worst week since August as upbeat economic data from the United States and Europe boosted optimism ahead of a key Federal Reserve decision later in the week. U.S. factory activity gains steam as production broadens WASHINGTON (Reuters) - U.S. manufacturing output rose for a fourth straight month in November as production increased almost across the board, the latest suggestion the economy is gaining steam. Exclusive: Comcast weighs three options for Time Warner Cable deal NEW YORK (Reuters) - Comcast Corp is examining three scenarios for a potential deal with Time Warner Cable, including a full takeover bid for the second-largest cable operator, people close to the situation said on Monday. Lockheed may revise 2014 outlook if U.S. budget deal passes WASHINGTON (Reuters) - U.S. weapons maker Lockheed Martin Corp may revise upward its financial outlook for 2014 if Congress passes a two-year budget deal that would blunt the effect of mandatory budget cuts, Marillyn Hewson, the company's president and chief executive officer, told Reuters on Monday. Boeing announces $10 billion buyback, raises dividend (Reuters) - Boeing Co's board authorized a new $10 billion share buyback program, and the company said it would increase its quarterly dividend by about 50 percent to 73 cents per share. AIG sells aircraft leasing wing to focus on insurance (Reuters) - Insurer American International Group Inc said on Monday it will sell its aircraft-leasing business to AerCap Holdings NV for $5.4 billion, after four years of trying to divest its biggest non-insurance business in fits and starts. Fonterra challenged in China's fast-growing milk powder market SHANGHAI/WELLINGTON (Reuters) - Milk powder buyers in China are starting to cut their reliance on New Zealand's Fonterra , opening the way for U.S. and European firms to break the dairy giant's grip on an infant milk formula market set to double to $25 billion by 2017. BlackRock ups stake in Telecom Italia ahead of vote for control MILAN (Reuters) - BlackRock raised its stake in Telecom Italia to make it the struggling firm's second-biggest investor ahead of a vote for control, but did not say if it would side with top shareholder Telefonica or rebels fighting the Spanish firm's strategy. Canada's competition watchdog challenges Google's search dominance TORONTO (Reuters) - Canada's Competition Bureau has filed a legal motion against Google Inc alleging that the company is abusing its dominant position in online search, joining U.S. and European anti-trust authorities in challenging the practices of the web giant. Florida judge grants $10.5 million bail for ex-UBS banker FORT LAUDERDALE, Florida (Reuters) - Raoul Weil, a former high-ranking UBS banker charged with tax fraud by U.S. authorities, was ordered freed on bail of $10.5 million on Monday in federal court in Fort Lauderdale. Related Video Surprise posts for German coalition Amazon workers strike to hit Xmas trade Economic News U.S. factory activity gains steam as production broadens Industrial output posts largest gain in a year 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