Business Today: Wall Street slips on China, but retailers offset losses

Click to View in Browser 03/20/2012 Wall Street slips on China, but retailers offset losses NEW YORK (Reuters) - A warning about China's growth sparked selling in energy and industrial shares on Tuesday, but the broad market's losses were contained, a sign of resilience for U.S. stocks. HP to merge printer, PC arms in revamp: sources SAN FRANCISCO (Reuters) - Hewlett Packard Co CEO Meg Whitman plans to combine the computing giant's PC and printing divisions in a major internal overhaul intended to spur combined sales of hardware to customers, two sources familiar with the move told Reuters. Oracle software sales up 7 percent, shares rise BOSTON (Reuters) - Technology giant Oracle Corp said quarterly sales of new software rose 7 percent from a year earlier to $2.4 billion, at the high end of its own forecast. Home building permits near 3.5-year high WASHINGTON (Reuters) - Permits for homebuilding neared a 3.5-year high in February, suggesting a budding recovery in the housing market was still on track even though groundbreaking activity slipped. JPMorgan wins dismissal of Ponzi scheme accusations (Reuters) - A federal appeals court dismissed a lawsuit seeking to hold JPMorgan Chase & Co responsible for services allegedly provided by the former Washington Mutual Inc to advance a Ponzi scheme at Caribbean-based Millennium Bank. Glencore to buy Canada's largest grain handler LONDON/WINNIPEG, Manitoba (Reuters) - Glencore , already the world's No. 1 commodities trader, has agreed to buy Canada's largest grain handler in a C$6.1 billion ($6.2 billion) deal that will shake up an industry that should flourish as global demand for food surges. Insight: The Wall Street gold rush in foreclosed homes NEW YORK (Reuters) - Dan Magder recently gave up a top job with private equity firm Lone Star Funds to strike out on his own and become a landlord. IRS forms "SWAT team" for tax dodge crackdown WASHINGTON (Reuters) - The Internal Revenue Service is staffing up with high-powered talent to crack down on companies shifting profits from country to country to lower their tax bills, a hot strategy the agency has targeted before with only limited success. Apple's new iPad much hotter than prior model: test SAN FRANCISCO (Reuters) - Apple Inc's new iPad reached temperatures of 116 degrees Fahrenheit (47 Celsius) after 45 minutes of running an intense action game, or up to 13 degrees F (8 degree C) hotter than the previous iPad under similar conditions, according to a test run by influential reviewer Consumer Reports. U.S. imposes low duties on Chinese solar panels WASHINGTON (Reuters) - The United States on Tuesday dealt a blow to U.S. manufacturers of solar panels and boosted shares in their Chinese rivals when it imposed preliminary punitive duties of less than 5 percent on imports from China. Related Video Geithner welcomes Saudi oil pledge French company poised to announce world's first dengue vaccine Economic News Home building permits near 3.5-year high Bernanke says must not reverse stimulus too soon 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