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Traders work on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks were flat on Monday ahead of key earnings releases as investors found few reasons to push indexes sharply higher following a strong rally last week. The S&P 500 posted its best week since July last week, boosted by results from such names as General Electric Co and Morgan Stanley .


A photo illustration of a man silhouetted against a Nokia logoHELSINKI (Reuters) - Nokia said on Monday it expects the sale of its handset business to Microsoft to be finalized on April 25, as it had received all the required regulatory approvals. The closure of the 5.4 billion euro ($7.5 billion) deal, which was agreed in September, had been delayed due to pending approvals, but earlier this month the companies won a crucial nod from Chinese regulators. ($1 = 0.7228 Euros) (Reporting by Jussi Rosendahl; Editing by David Holmes)


Michael Steinberg arrives at the Manhattan Federal Courthouse in New YorkBy Nate Raymond NEW YORK (Reuters) - A U.S. appeals court is set hear a case whose outcome could make it harder for the government to prosecute insider trading and potentially jeopardize several high-profile guilty verdicts, including that of SAC Capital Advisors portfolio manager Michael Steinberg. The question facing the 2nd U.S. Circuit Court of Appeals in New York on Tuesday is one that has divided lower court judges: whether to be convicted of insider trading, the recipient of non-public information must know that the source of the tip benefited from the disclosure. The issue is at the heart of the appeal brought by Todd Newman, a former portfolio manager at the hedge fund Diamondback Capital Management, and Anthony Chiasson, co-founder of the hedge fund Level Global Investors.


A 2004 Saturn ION sedan is seen in an undated publicity photo. REUTERS/Handout via General MotorsU.S. safety regulators closed a four-year probe into power steering problems in almost 335,000 older Saturn Ions after General Motors Co recalled the cars, which are also part of an unrelated recall of defective ignition switches linked to at least 13 deaths. The U.S. National Highway Traffic Safety Administration, in documents filed in its online database over the weekend, said it was closing its probe into 2004 to 2007 model-year Ion cars after GM's recall of the vehicles last month. GM has been criticized for not acting fast enough on the consumer complaints surrounding recalls for the power steering issue as well as the defective switches linked to at least 13 deaths and the recall of 2.6 million vehicles. The Ion was among the 1.5 million cars GM recalled on March 31 for possible loss of power steering.


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