Business Today: Wall St. ends lower after recent highs; small caps raise concern

	Click to View in Browser 05/14/2014 Wall St. ends lower after recent highs; small caps raise concern NEW YORK (Reuters) - U.S. stocks fell on Wednesday, with the Dow and S&P 500 retreating from recent record highs, as small caps resumed their sell-off and consumer discretionary shares lagged. Producer price gain offers cautionary note on inflation WASHINGTON (Reuters) - U.S. producer prices recorded their largest increase in 1-1/2 years in April as food prices surged, in a potential sign inflation pressures may be creeping up. New York Times unexpectedly replaces top editor Abramson NEW YORK (Reuters) - The New York Times Co on Wednesday replaced executive editor Jill Abramson in a surprising move after less than three years in the top job, effective immediately, naming managing editor Dean Baquet to succeed her. Chinese police charge British former head of GSK in China with bribery BEIJING/SHANGHAI (Reuters) - Chinese police on Wednesday said they had charged the former British boss of drugmaker GlaxoSmithKline PLC's China business and other colleagues with corruption, after a probe found the firm made billions of yuan from elaborate schemes to bribe doctors and hospitals. Google gets take-down requests after European court ruling: source SAN FRANCISCO (Reuters) - Google Inc is already getting requests to remove objectionable personal information from its search engine after Europe's top court ruled that subjects have the "right to be forgotten," a source familiar with the matter said on Wednesday. Cisco's revenue falls less-than-expected, shares up NEW YORK (Reuters) - Network equipment maker Cisco Systems Inc posted a lower-than-expected 5.5 percent decline in quarterly revenue, and the company's shares rose in afterhours trading. BNP Paribas warns U.S. sanctions fine could exceed provision PARIS (Reuters) - BNP Paribas, France's biggest bank, said on Wednesday there was a risk that a fine for violating U.S. sanctions could be significantly higher than the $1.1 billion euros it has provisioned for. U.S. court refuses to revive Samsung patent case against Apple WASHINGTON (Reuters) - A U.S. appeals court on Wednesday refused to revive a Samsung Electronics patent case against Apple Inc, affirming a decision in favor of the iPhone and iPad maker. Twitter takes aim at 'retail politics' in Latin America SAO PAULO (Reuters) - After seeing explosive growth across Latin America, Twitter Inc is now tapping into the region's other big passion besides soccer - politics. Citigroup fires 11 in fraud probe of Banamex unit NEW YORK/MEXICO CITY (Reuters) - Citigroup Inc has fired four senior executives and seven other employees, saying they failed to do enough to protect the bank from loan fraud at its Mexican unit Banamex, according to an internal memo sent to staff on Wednesday. Related Video How to tackle film piracy? Breakingviews: America's business watchdog Economic News Producer price gain offers cautionary note on inflation China growth target vulnerable as economy's momentum fades 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