Business Today: Stock price drop takes glow off U.S. consumer sentiment

	Click to View in Browser 07/12/2013 Stock price drop takes glow off U.S. consumer sentiment WASHINGTON (Reuters) - Worries about rising interest rates and falling stock prices dinged U.S. consumer sentiment in early July, while other data showed a firm rise in wholesale prices, which could make the Federal Reserve more comfortable reducing its monetary stimulus. Boeing Dreamliner catches fire at Britain's Heathrow airport LONDON (Reuters) - A Boeing 787 Dreamliner operated by Ethiopian Airlines caught fire at Britain's Heathrow airport on Friday in a fresh blow for the U.S. planemaker which earlier this year was forced to ground the new planes for three months because of overheating batteries. SEC bans three ex-Madoff employees from securities industry (Reuters) - The Securities and Exchange Commission has barred three former employees of Bernard Madoff's now defunct brokerage and investment advisory firm from the securities industry for assisting the convicted Ponzi schemer with his multi-billion dollar scam, according to orders from the agency. Danish funds sue banks in U.S. for blocking CDS exchange-trading NEW YORK (Reuters) - Four Danish pension funds have filed a lawsuit against twelve large banks, accusing them of increasing costs for investors trading in the $27 trillion credit default swap (CDS) market by stopping exchanges from entering the market. EASA says too early to say if Dreamliners could be grounded FRANKFURT (Reuters) - The European Aviation Safety Agency said on Friday it was too early to say whether Boeing's 787 Dreamliner could be grounded again following a fire aboard an aircraft at London's Heathrow airport. Morgan Stanley commodities marketing head departs NEW YORK (Reuters) - Morgan Stanley's global head of commodities marketing, Boris Shrayer, has left the bank, a source familiar with the matter told Reuters on Friday. US Airways shareholders approve merger with American (Reuters) - US Airways Group Inc shareholders approved the carrier's plan to merge with AMR Corp's American Airlines, clearing another hurdle to the deal that would create the world's largest carrier. Wall St. edges up, posts strong weekly gains NEW YORK (Reuters) - Stocks edged higher on Friday on strong earnings from major banks, but gains were capped by losses at Boeing , which fell after one of its Dreamliner planes caught fire in London. Wells rides high on 'mortgage horse,' but run may end soon (Reuters) - The home loan business came through for Wells Fargo & Co in the second quarter, helping the biggest U.S. mortgage lender beat Wall Street's profit expectations, despite fears that lending volume would drop as rates rose. BofA rejects ex-workers' claims on how it treats troubled homeowners (Reuters) - Bank of America Corp rejected allegations that greed and bad faith drove the bank and its workers to push distressed homeowners into foreclosure, rather than help them obtain loan modifications to which they were entitled. Related Video DAILY DIGIT: UPS' 4.1 bln packages Quality of JP Morgan's profit weaker than in past- S&P's Oja Economic News Stock price drop takes glow off U.S. consumer sentiment Inflation should push Fed in more accommodative fashion: Bullard 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