Business Today: France has 2 billion euros on hand to fund stake in Alstom: Montebourg

	Click to View in Browser 06/24/2014 France has 2 billion euros on hand to fund stake in Alstom: Montebourg PARIS (Reuters) - The French state has enough cash available from previous share sales to fund the purchase of a 20 percent stake in Alstom , Economy Minister Arnaud Montebourg said on Tuesday. Wall Street ends down as Iraq concerns rise NEW YORK (Reuters) - U.S. stocks fell on Tuesday as early enthusiasm from economic data faded and concerns about the conflict in Iraq prompted investors to book profits after the most recent rally. Fed's Dudley sees mid-2015 rate hike as 'reasonable' (Reuters) - The U.S. Federal Reserve can reasonably wait to raise interest rates until mid-2015 without risking an undesirable rise in inflation, an influential Fed policymaker said on Tuesday. Jury in trial of Rajaratnam's brother hears of insider's tips NEW YORK (Reuters) - A former Intel Corp executive on Tuesday, testifying in the insider trading trial of Rengan Rajaratnam, told jurors how he leaked details of a major deal to the former Galleon Group portfolio manager's brother, Raj Rajaratnam. AT&T tells lawmakers DirecTV deal not like other mergers WASHINGTON (Reuters) - AT&T Inc's proposed merger with DirecTV does not compare with other mergers shaking up the telecommunications industry because the companies largely provide different services, AT&T's chief executive told lawmakers on Tuesday. Alstom and GE chiefs celebrate 'three-fold win' BELFORT France (Reuters) - In a joint trip to the eastern town of Belfort that is the cradle of their cooperation in France, the bosses of Alstom and General Electric defended their tie-up as good for business, jobs and France. Consumer confidence, housing data bolster U.S. growth outlook WASHINGTON (Reuters) - U.S. consumer confidence jumped to its highest level in nearly 6-1/2 years in June and sales of new homes surged in May, the latest signs that the economy has regained momentum. Fed wants jobless rate lower, mid-2015 rate hike forecast 'reasonable': Dudley SAN JUAN (Reuters) - The U.S. unemployment rate can fall even further before the Federal Reserve raises interest rates, William Dudley, president of the New York Federal Reserve Bank, told a Puerto Rico accounting group on Tuesday. Ex-Credit Suisse trader spared prison for faking mortgage prices NEW YORK (Reuters) - A former London-based Credit Suisse Group AG trader was spared prison on Tuesday over his role in artificially inflating subprime mortgage bond prices, in one of the few U.S. criminal prosecutions stemming from the financial crisis. Ex-Madoff accountant pleads guilty to aiding fraud NEW YORK (Reuters) - Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme, becoming the 15th person to be convicted in connection with the fraud. Related Video UK hacking: Brooks cleared, Coulson guilty Russia's Ukraine diplomacy gets double edge Economic News Fed's Dudley sees mid-2015 rate hike as 'reasonable' U.S. export lender in jeopardy as Republicans pull support 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