Business Today: New home sales hit five-and-a-half year high in January

	Click to View in Browser 02/26/2014 New home sales hit five-and-a-half year high in January WASHINGTON (Reuters) - Sales of new U.S. single-family homes surged to a 5-1/2-year high in January, possibly easing concerns of a sharp slowdown in the housing market. Wall Street flat; retailers gain for a second day NEW YORK (Reuters) - Stocks were nearly flat on Wednesday, with the S&P 500 holding below resistance levels even as retailers gained for a second day. Senators scold prosecutors, Swiss bank in tax spat WASHINGTON (Reuters) - Senators lashed out at federal prosecutors on Wednesday for a lack of zeal in going after Swiss banks that helped Americans dodge taxes, blaming them for billions of dollars in missed revenues. J.C. Penney expects sales, gross profit to improve this year (Reuters) - J.C. Penney Co Inc on Wednesday forecast more improvement in its comparable sales and gross profit margin this fiscal year as the department store chain continued to turn itself around. Exclusive: Biomet picks BAML, Goldman, JPMorgan to lead IPO - sources NEW YORK (Reuters) - Biomet Inc, the U.S. medical device maker that was taken private by a private equity consortium for $11.4 billion in 2007, has hired underwriters for an initial public offering later this year, people familiar with the matter said on Wednesday. Target shares recover after reassurance on data breach impact NEW YORK/BOSTON (Reuters) - Target Corp shares made strong gains after it reassured investors that customers were beginning to return to its U.S. stores, suggesting that the impact of a massive data breach may not be as severe as some had feared. U.S. attorney subpoenaed Mt Gox, other bitcoin businesses: source NEW YORK (Reuters) - Manhattan Attorney Preet Bharara has sent subpoenas to Mt. Gox, other bitcoin exchanges, and businesses that deal in bitcoin to seek information on how they handled recent cyber attacks, a source familiar with the probe said on Wednesday. Argentina hopes Repsol deal will dispel investor doubts BUENOS AIRES (Reuters) - Two years after seizing the country's biggest energy company from Spain's Repsol, Argentina hopes a new compensation deal will lure more foreign investment to what many believe to be some of the world's most promising shale oil and gas prospects. Facebook says makes progress targeting users (Reuters) - Facebook highlighted on Wednesday two ad campaigns in an attempt to persuade advertisers that its massive membership base and ability to home in on specific audiences makes it a more effective advertising platform than broadcast TV. Rolls-Royce seeks long-term uplift with new aero engines DERBY, England (Reuters) - British engineering company Rolls-Royce has outlined plans designed to maintain long-term dominance in large aircraft engines, showcasing two new models that could improve efficiency by up to 10 percent. Related Video Credit Suisse CEO defends tax tactics A future controlled by your smartphone Economic News New home sales hit five-and-a-half year high in January Fed should be 'very patient' in cutting stimulus: Rosengren 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