Business Today: Housing, job-market data push S&P to five-year high

	Click to View in Browser 01/17/2013 Housing, job-market data push S&P to five-year high NEW YORK (Reuters) - Stronger-than-expected data on housing starts and jobless claims lit a fire under stocks on Thursday, pushing the S&P 500 to a five-year high and its third day of gains. Housing, labor data provide upbeat signs on economy WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment aid hit a five-year low last week and residential construction surged in December, the latest signs that the U.S. economic recovery remains on track. Boeing Dreamliners grounded worldwide on battery checks TOKYO/SEATTLE (Reuters) - Airlines scrambled on Thursday to rearrange flights as regulators around the world joined the United States in grounding Boeing Co's 787 Dreamliner passenger jets while battery-related problems are investigated. Intel revenue forecast short of expectations SAN FRANCISCO (Reuters) - Intel Corp forecast current-quarter revenue slightly below expectations but its gross margin outlook satisfied Wall Street, as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones. Citigroup profit hit by more than $2 billion in charges NEW YORK (Reuters) - Citigroup Inc posted $2.32 billion of charges for layoffs and lawsuits in its first financial report under new Chief Executive Michael Corbat, who said the bank needs to do better for shareholders. Bank of America profit falls after mortgage-related charges (Reuters) - Bank of America Corp's quarterly profit fell 63 percent as it took $5 billion of mortgage-related charges, but the bank showed signs that it is moving past its problems as it shrank the group that deals with its troubled home loans. Analysis: Preparing for the unthinkable: Could markets handle a U.S. default? NEW YORK (Reuters) - Squabbling in Washington over the debt ceiling is again raising the specter that the United States may be forced to delay payments on its debt. While the stigma of a default would be damaging enough to investor sentiment, the chaos from a breakdown in financial markets' systems that might result would be even scarier. Boeing overtakes Airbus in annual sales race TOULOUSE, France (Reuters) - Boeing re-captured the crown as the world's largest maker of passenger jets last year, overtaking Airbus for the first time in a decade as it recovered from delays on its new Dreamliner 787, only to face new problems on Thursday with the grounding of 787s over battery safety concerns. SandRidge investor asks board to investigate CEO Ward (Reuters) - A top SandRidge Energy Inc investor called on the company's board to investigate allegations that Chief Executive Tom Ward and a company run by his son engaged in "persistent front running of the company." Rio Tinto CEO pays price of calamitous acquisitions LONDON (Reuters) - Rio Tinto sacked chief executive Tom Albanese on Thursday and revealed a $14 billion writedown almost entirely on the value of his two most significant acquisitions, the Alcan aluminium group and Mozambican coal. Related Video Techquity: iPad troubles?, Google's Nexus gathers steam Daily Digit: jobless data at 5-yr low Economic News Housing, labor data provide upbeat signs on economy U.S. issues final tax anti-evasion rules, enforcement ahead 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