Business Today: Dow at record, ends up for 10th straight day

	Click to View in Browser 03/14/2013 Dow at record, ends up for 10th straight day NEW YORK (Reuters) - The Dow Jones industrial average extended its recent winning streak to 10 days on Thursday and once again closed at a record high as investors were encouraged by data that showed the labor market's recovery was improving. Jobless claims data brightens labor market picture WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits dropped for a third straight week last week, the latest indication the labor market recovery was gaining traction. Exclusive: Hungary's central bank reels from sweeping takeover BUDAPEST (Reuters) - The biggest meeting room at the National Bank of Hungary, once a sanctuary for academic debate between the bank's experts and leaders, is now the preserve of one of new Governor Gyorgy Matolcsy's closest aides. Dow Chemical looking to raise $1.5 billion from asset sales (Reuters) - Dow Chemical Co , looking to focus on high-margin businesses, said it plans to raise $1.5 billion from asset sales in the next 18 months and is seeking buyers for its polypropylene licensing and catalyst business and its plastics additives unit. Exclusive: BP's mighty trading unit under scrutiny as earnings drop LONDON (Reuters) - BP's oil trading division, the alma mater for a generation of the world's top traders and a former cash-generating machine, is under greater scrutiny after becoming a weak link for the oil major. Chesapeake loses round in courtroom bond battle NEW YORK (Reuters) - Chesapeake Energy Corp on Thursday failed to win a court order allowing it to redeem $1.3 billion of notes early at a favorable price, a setback for the second-largest U.S. natural gas company as it tries to close a potential $4 billion cash shortfall this year. Analysis: Can U.S. airlines attract investors with better returns? ATLANTA (Reuters) - U.S. airline stocks, long derided as investment duds, have been gaining altitude in recent years. Now, some see room for them to fly even higher. Fed rejects Ally, BB&T capital plans in stress tests WASHINGTON (Reuters) - The Federal Reserve said on Thursday it had rejected plans by BB&T Corp and Ally Financial to return capital to shareholders, and is forcing Goldman Sachs and JPMorgan & Chase to improve the processes they use to determine their capital payouts. Credit Suisse to pay $400 million to end U.S. bond lawsuits ZURICH/NEW YORK (Reuters) - Credit Suisse Group AG has agreed to pay at least $400 million to settle lawsuits by investors over the Swiss bank's role in raising money for a healthcare financing company that collapsed in a $2.9 billion fraud more than a decade ago. UBS chief executive paid $9 million after revamp ZURICH/LONDON (Reuters) - UBS drew fire on Thursday as it announced it paid CEO Sergio Ermotti almost $9 million in 2012 and welcomed a new investment bank chief with a $26 million package, just as the Swiss bank is in the process of firing 10,000 staff. Related Video America's cyber war weak spot Daily Digit: 10 mln Galaxy S 4s Economic News Jobless claims data brightens labor market picture Current account narrows in fourth quarter 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