Business Today: Dow at record again, ends higher for 9th day

	Click to View in Browser 03/13/2013 Dow at record again, ends higher for 9th day NEW YORK (Reuters) - U.S. stocks edged up on Wednesday, with the Dow rising for the ninth straight session to another record, buoyed by surprisingly strong retail sales that suggested the economy is gaining momentum. Exclusive: TNK-BP tycoons turn to ex-BP bosses for help in investing billions MOSCOW/LONDON (Reuters) - Representatives of the Alfa Group, set to earn billion of dollars from the sale of Anglo-Russian oil venture TNK-BP, have sounded out former BP CEOs John Browne and Tony Hayward about investing jointly in international oil projects. Solid retail sales bolster economic outlook WASHINGTON (Reuters) - Retail sales expanded at their fastest clip in five months in February, the latest sign of momentum for an economy facing headwinds from higher taxes and pricier gasoline. Budget gap narrows in February from year ago WASHINGTON (Reuters) - The monthly U.S. budget deficit narrowed in February compared to the same month a year ago, as a delay in tax refunds and lower defense spending added cash to government coffers, the Treasury Department said on Wednesday. Apple CEO Cook ordered to testify in e-books case NEW YORK (Reuters) - Apple Inc Chief Executive Tim Cook must sit for a deposition in the U.S. government's lawsuit against the company over alleged price-fixing in the e-book market, a judge ruled on Wednesday. Exclusive: SandRidge strikes deal that could lead to CEO's removal NEW YORK (Reuters) - SandRidge Energy Inc and activist hedge fund TPG-Axon Capital struck a deal on Wednesday that could lead to the removal of the oil and gas company's chief executive, Tom Ward, SandRidge said. JPMorgan executives, but not Dimon, to testify on "Whale" trade WASHINGTON (Reuters) - Current and former top executives of JPMorgan Chase & Co will appear before a Senate panel on Friday to testify about the multibillion dollar "London Whale" trading loss, but Chief Executive Jamie Dimon will not be a witness. J.C. Penney CFO says he and CEO are not going anywhere (Reuters) - J.C. Penney Co Inc Chief Financial Officer Ken Hannah on Wednesday insisted neither he nor Chief Executive Ron Johnson has any plans to resign despite growing pressure on the company over its turnaround plans. Free food as China TV expose puts retailers on guard SHANGHAI (Reuters) - McDonald's Corp will give away more than a million breakfast McMuffins across China on Monday, a few days after Chinese state television airs its annual expose on corporate malpractice to mark World Consumer Rights Day. Judge narrows private equity collusion lawsuit (Reuters) - A federal judge narrowed a closely-watched lawsuit accusing some of the world's largest private equity firms of colluding to drive down prices on companies they sought to buy, costing shareholders of the acquired businesses billions of dollars. Related Video Techquity: 'A New Hope' for Samsung's Galaxy S4 Ireland's big step of out bailout Economic News Solid retail sales bolster economic outlook Budget gap narrows in February from year ago 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