Daily Investor Briefing: Wall Street rises as attention turns...

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07/8/2013

Wall Street rises as attention turns to earnings season NEW YORK (Reuters) - Stocks advanced on Monday heading into the start of earnings season, building on gains sparked by last week's robust employment report and pushing the S&P 500 closer to its all-time high set in May. Clearwire shareholders vote for Sprint takeover BELLEVUE, Washington (Reuters) - Shareholders in Clearwire Corp voted on Monday to approve majority owner Sprint Nextel Corp's buyout of the rest of the company, ending a six-month battle for control of the small U.S. wireless operator. Alcoa reports larger net loss as restructuring costs weigh TORONTO (Reuters) - Alcoa Inc reported a larger second-quarter net loss on Monday, largely due to restructuring costs and a legacy legal matter. Consumer credit rises by most in a year WASHINGTON (Reuters) - Consumer credit increased in May by the most in a year, a sign low borrowing costs were boosting economic growth although interest rates have since risen. Euro zone grants multi-billion euro lifeline for Greece BRUSSELS (Reuters) - Greece secured a lifeline from the euro zone and the IMF on Monday but was told it must keep its promises on cutting public sector jobs and selling state assets to get all the cash. Top advisory firm backs Dell CEO's offer for PC maker (Reuters) - The largest U.S. shareholder advisory firm recommended on Monday that Dell Inc stockholders vote in favor of Chief Executive Michael Dell's $24.4 billion buyout offer, increasing the odds of his prevailing against billionaire investor Carl Icahn's rival bid. Citi names two new board members (Reuters) - Citigroup Inc added two directors on Monday as Chairman Mike O'Neill moved to provide the board with more experience in corporate information systems and auditing. Two more journalists from Murdoch's UK titles to be charged LONDON (Reuters) - The head of news at Rupert Murdoch's British Sun tabloid is to be charged with authorizing illegal payments to police and army officials, prosecutors said on Monday, the latest senior figure from the media mogul's newspapers to face criminal charges. Supreme Court asked to review leaked Verizon ruling WASHINGTON (Reuters) - A civil liberties group is taking the unusual step of asking the Supreme Court to review a ruling by a secretive intelligence court that authorized government access to millions of Verizon Communications Inc phone call records Bangladesh tells EU it will boost worker rights, inspections GENEVA (Reuters) - Bangladesh pledged on Monday to quickly boost worker rights and recruit more factory inspectors as it seeks to preserve European Union trade benefits after 1,129 workers were killed in the collapse of a garment plant in April. Related Video Earnings growth target dips to 2.9%-Thomson Reuters' Harrison Techquity: Apple narrows gap with Google, Intel's PC pain Related News Compliance deadlines loom for U.S. global tax evasion law The $50,000 financial plan: Wealth firms target the super rich 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

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