Business Today: Dow surges to new closing high on economy, Fed's help

	Click to View in Browser 03/5/2013 Dow surges to new closing high on economy, Fed's help NEW YORK (Reuters) - The Dow Jones Industrial Average soared to a record closing high on Tuesday, breaking through levels last seen in 2007 and as investors rushed in to join the party in anticipation of more gains. Martha Stewart defends J.C. Penney deal in Macy's trial NEW YORK (Reuters) - Martha Stewart said on Tuesday she was shocked that Macy's Inc had objected so strongly when she signed a deal with rival retailer J.C. Penney Co Inc. Analysis: The Dow - Old, yes, but hardly irrelevant in march to record NEW YORK (Reuters) - Market professionals sometimes deride it as a relic, deeply flawed in its structure, useful mostly as the man-on-the-street's window on the stock market. Higher taxes seen restraining job growth in February WASHINGTON (Reuters) - U.S. job growth likely was moderate in February as higher taxes and fears of deep government spending cuts made employers cautious, suggesting there was still not enough momentum in the economy for the Federal Reserve to scale back its monetary support. Analysis: FAA faces obstacles in approving Boeing Dreamliner fix NEW YORK (Reuters) - Boeing said this week it can move "really fast" to get its 787 Dreamliner back into the skies once regulators approve a fix for burning batteries on board the plane. Tesla Motors loses legal challenge over BBC's Roadster review LONDON (Reuters) - Tesla Motors Inc lost a legal challenge in Britain on Tuesday against BBC television's Top Gear motoring program, which had questioned the range claimed by the manufacturer for its electric Roadster sports car. New Citigroup CEO announces profit targets for 2015 (Reuters) - Mike Corbat, the new chief executive officer of Citigroup Inc , on Tuesday announced profit targets for 2015, and said that the global company has identified at least 21 markets where it must make improvements or leave. Banks, traders wary of two-step stress test (Reuters) - Investors in U.S. bank stocks may be in for a volatile ride over the next two weeks as the Federal Reserve releases results of its annual stress tests of bank capital in two steps. Mexico's Walmex says February same-store sales fall MEXICO CITY (Reuters) - Mexico's biggest retailer, Wal-Mart de Mexico , said on Tuesday that sales at Mexican stores open at least a year fell 1.9 percent in February. Top shareholder demands Dell open books as buyout looms (Reuters) - Dell Inc's largest external shareholder is demanding that the PC maker open its books, signaling it could become more active in opposing founder Michael Dell's proposal to take the company private for more than $24 billion. Related Video Daily Digit: 14,164 old Dow high CERA 2013: It's boom time for petrochemicals Economic News Lacker says timing of Fed exit is going to be tricky Higher taxes seen restraining job growth in February 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