Business Today: Citigroup sues Barclays over losses tied to Lehman

	Click to View in Browser 05/7/2013 Citigroup sues Barclays over losses tied to Lehman (Reuters) - Citigroup Inc has sued Barclays Plc to recover more than $141 million for providing foreign exchange services to a unit of Lehman Brothers Holdings Inc soon after Lehman's bankruptcy. Wall Street extends its record run after German data NEW YORK (Reuters) - The Dow finished above 15,000 for the first time on Tuesday, while the S&P 500 closed at a record high for a fourth straight day, extending the market's rally as investors continued to move into equities after upbeat German economic data. Consumer credit posts smallest increase in eight months WASHINGTON (Reuters) - U.S. consumer credit recorded its smallest increase in eight months in March as Americans cut back on credit cards to fund purchases, Federal Reserve data showed on Tuesday. Disney's profit rises on parks, 'Oz' movie LOS ANGELES (Reuters) - Media giant Walt Disney Co reported an increase in profit that beat Wall Street expectations, boosted by higher attendance at theme parks and the movie box office success of "Oz the Great and Powerful." Einhorn adds to Apple stake, awaits "blockbuster product" NEW YORK (Reuters) - David Einhorn's Greenlight Capital has added to its investment position in Apple Inc and is waiting for the company's "next blockbuster product," Einhorn said on Tuesday. Hedge fund chief Paulson loses big on gold NEW YORK (Reuters) - Hedge fund billionaire John Paulson is emerging as one of the biggest losers in this year's gold rout, further tarnishing his once legendary status in the $2 trillion hedge fund industry. J.C. Penney first quarter same-store sales fall 16.6 percent (Reuters) - J.C. Penney Co Inc on Tuesday said that same-store sales in the first quarter of the fiscal year fell 16.6 percent, a deeper than expected slide in business. Electronic Arts total revenue, profit drop in fourth quarter SAN FRANCISCO (Reuters) - Video game publisher Electronic Arts Inc reported lower total revenue and profit for the fourth quarter. SandRidge board cuts spending, has quarterly loss (Reuters) - SandRidge Energy Inc said its board, which now includes directors chosen by activist investors, has cut spending and the U.S. oil and gas company will now focus on drilling its most productive acreage in the Mississippian formation. ECB's Asmussen warns about risks of low interest rates SCHWAEBISCH GMUEND, Germany (Reuters) - European Central Bank Executive Board member Joerg Asmussen on Tuesday raised concern about keeping interest rates in the euro zone at low levels for too long, calling upon governments to stick to their reforms. Related Video Techquity: Einhorn praises Apple, another Microsoft revamp Kodak pension deal was no snap decision Economic News Judge may set workout deadline in biggest U.S. muni bankruptcy Consumer credit posts smallest increase in eight months 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