Business Today: Wall St. wraps up fourth straight month of gains

	Click to View in Browser 05/30/2014 Wall St. wraps up fourth straight month of gains NEW YORK (Reuters) - U.S. stocks closed out a fourth straight month of gains as the S&P 500 edged up to another record high on Friday after mixed economic data gave investors little incentive to buy equities. U.S. consumer spending dips; inflation creeps up WASHINGTON (Reuters) - U.S. consumer spending fell for the first time in a year in April after two months of solid gains, but the decline is likely temporary given a strengthening jobs market. Valeant boosts $53.8 billion Allergan bid as Ackman opts for stock (Reuters) - Valeant Pharmaceuticals International Inc said on Friday it would boost its takeover bid for Botox-maker Allergan Inc for the second time this week, contingent on the two sides negotiating. Los Angeles sues JPMorgan, alleges discriminatory lending (Reuters) - The City of Los Angeles has sued JPMorgan Chase & Co , accusing the largest U.S. bank of engaging in discriminatory mortgage lending practices that drove up foreclosures among minority borrowers. Men's Wearhouse gets FTC nod to sew up Jos. A. Bank deal WASHINGTON (Reuters) - U.S. antitrust officials on Friday gave the green light for the proposed merger of Men's Wearhouse Inc and Jos. A. Bank Clothiers Inc to move ahead, citing ample competition in the market for men's suits and tuxedo rentals. Ex-Goldman director Gupta loses bid to stay out of prison NEW YORK (Reuters) - Former Goldman Sachs Group Inc director Rajat Gupta will begin serving a two-year prison term on June 17 after a U.S. federal appeals court rejected his bid to stay free while he appeals his insider trading conviction. Capital concerns hit BNP Paribas on report of $10 billion U.S. fine PARIS/LONDON (Reuters) - Fears that a looming U.S. fine on BNP Paribas BNPP.PA could be big enough to force it to raise capital and restrict its dividends hit France's biggest bank on Friday, driving its shares sharply lower. U.S. house price gains seen moderating over next few years: poll WASHINGTON (Reuters) - U.S. house price rises will likely slow further over the next two years, curbed by tight lending standards, slow wage growth and a lack of first time buyers, a Reuters poll found. ECB and BoE plan to revive EU securitization, boost investment LONDON/FRANKFURT (Reuters) - The European Central Bank and the Bank of England set out proposals on Friday to resurrect the European Union's market for asset-backed securities and help the flow of credit to smaller businesses. Siemens CEO tries to calm furore over job cuts BERLIN/MUNICH (Reuters) - The chief executive of German conglomerate Siemens SIEGn.DE tried to calm a brewing storm over job cuts on Friday after he let slip at an investor conference in New York that his plan to restructure the company could put up to 11,600 staff at risk. Related Video Google bends to 'right to be forgotten' Breakingviews: GoPro's identity crisis Economic News U.S. consumer spending dips; inflation creeps up Low volatility sparks concern at Fed over investor complacency 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