Business Today: Jobless claims hit seven-year low, inflation ticks up

	Click to View in Browser 05/15/2014 Jobless claims hit seven-year low, inflation ticks up WASHINGTON (Reuters) - New applications for U.S. unemployment benefits hit a seven-year low last week while consumer prices recorded their largest increase in 10 months in April, pointing to a firming economy. Wall St. falls with Wal-Mart; Dow's worst drop in a month NEW YORK (Reuters) - U.S. stocks fell on Thursday, giving the Dow its worst decline in a month, as small-cap shares extended their retreat and Wal-Mart's results disappointed. J.C. Penney quarterly sales rise 6.3 percent, shares surge (Reuters) - Department store operator J.C. Penney Co Inc reported a 6.3 percent rise in first-quarter sales, helped by strong sales of household goods and men's and women's apparel. Wal-Mart sales growth weakest in five years, outlook cautious (Reuters) - Wal-Mart Stores Inc forecast second-quarter profit below analysts' estimates after reporting its smallest growth in quarterly sales in nearly five years, as a severe winter kept shoppers from its stores. Credit Suisse nears $2.5 billion deal to end U.S. tax-evasion probe: sources (Reuters) - Credit Suisse Group AG is expected to plead guilty and pay more than $2.5 billion to U.S. authorities to resolve charges that the Swiss bank helped Americans evade U.S. taxes, people familiar with the discussions said on Thursday. FCC votes to restrict AT&T, Verizon in 2015 spectrum auction (Reuters) - U.S. telecom regulators on Thursday voted to limit how much spectrum Verizon Communications Inc and AT&T Inc will be able to buy in next year's auction of highly valuable wireless airwaves. GM recalls almost 3 million vehicles, to take charge of up to $200 million DETROIT (Reuters) - General Motors Co said on Thursday it has issued five more recalls, covering almost 3 million vehicles globally, and is expected to take a charge of up to $200 million. Amid protests, U.S. FCC proposes new 'net neutrality' rules WASHINGTON (Reuters) - U.S. regulators on Thursday advanced a "net neutrality" proposal that would ban Internet providers from blocking or slowing down access to websites but may let them charge content companies for faster and more reliable delivery of their traffic to users. France grabs for power over Alstom future with new takeover law PARIS (Reuters) - The French government gave itself the power to block foreign corporate takeovers in "strategic" sectors on Thursday, throwing up a potential roadblock to General Electric's $16.9 billion bid for Alstom's energy assets. SAP to cut between 1,500-2,500 jobs as cloud takes over STUTTGART, Germany (Reuters) - German software company SAP is planning to cut between 1,500 and 2,500 jobs as software programmes switch to the cloud, meaning fewer onsite staff are required, a source said on Thursday. Related Video France struggles to break old habits Turkey rocked by mine disaster Economic News Jobless claims hit seven-year low, inflation ticks up Fed economists say fees and gates could lead to money fund runs 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