Business Today: U.S. factory data points at second-quarter growth pick up

	Click to View in Browser 06/2/2014 U.S. factory data points at second-quarter growth pick up WASHINGTON, (Reuters) - U.S. manufacturing activity accelerated in May and construction spending rose for a third straight month in April, suggesting economic growth was regaining steam in the second quarter. Dow, S&P 500 end at record highs again NEW YORK, (Reuters) - The Dow and the S&P 500 ended at record highs again on Monday as a closely watched read on U.S. manufacturing was revised to show more strength than initially indicated. It was the second straight record closing high for the Dow and the third straight record close for the S&P 500. U.S. says 77,000 banks, firms sign up to fight tax evasion WASHINGTON (Reuters) - About 77,000 foreign and U.S. banks and financial institutions, including some in Russia, have registered with the United States to comply with a new law meant to fight tax dodging by Americans, the U.S. Treasury Department said on Monday. Valeant, Pershing prepare to go hostile in Allergan bid (Reuters) - Valeant Pharmaceuticals Inc on Monday prepared to take its $53.8 billion takeover bid for Allergan Inc directly to the Botox maker's shareholders in a battle that could last late into the year. GM finalizes number of vehicles in air bag recall of large trucks DETROIT (Reuters) - General Motors Co on Monday finalized the number of newer-model large pickup trucks and sport utility vehicles it is recalling because the air bags may not deploy, lowering the number of affected vehicles. Exclusive: Fed hires official to oversee AIG, Prudential WASHINGTON (Reuters) - The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year. UAW meets to select new president, consider dues increase DETROIT (Reuters) - The United Auto Workers union opened a four-day convention on Monday where 1,100 members will select a new president and decide whether to approve the first dues increase since 1967. France wary of politicizing U.S. probe into BNP Paribas PARIS (Reuters) - France is wary of speaking out about a U.S. criminal probe into BNP Paribas, putting bilateral ties ahead of a threatened $10 billion-plus fine for its biggest listed bank, lawmakers indicated on Monday. Credit Suisse says U.S. case has limited business impact BERNE (Reuters) - Credit Suisse has lost a limited amount of business as a result of pleading guilty to charges that it helped wealthy Americans to evade taxes, the head of its private bank said on Monday. U.S. would face hurdles bringing case against Icahn, Mickelson: lawyers NEW YORK (Reuters) - Questions about how to apply securities law to activist investors could complicate any potential insider trading case against billionaire Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, legal experts said. Related Video Feds probe Icahn, Mickelson Qatar 2022: what happens now? Economic News U.S. factory data points at second-quarter growth pick up Mexican manufacturing surge hides low-wage drag on economy 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