Business Today: S&P 500 extends rally to day five with slim gain

	Click to View in Browser 08/9/2012 S&P 500 extends rally to day five with slim gain NEW YORK (Reuters) - The Standard & Poor's 500 extended its rally to a fifth day on Thursday, again eking out a tiny gain as lingering expectations for economic stimulus from central banks lent support to a market lacking new catalysts. Retailers press forward on $7.2 billion card fee settlement NEW YORK (Reuters) - Lawyers for U.S. retailers said on Thursday they expect to submit a proposed $7.2 billion antitrust settlement with Visa Inc and Mastercard Inc for court approval within the next several months, despite opposition to the pact from some large merchants. Jobs, trade data supports modest economic growth WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits unexpectedly fell last week, offering hope that some of last month's improvement in job growth could be sustained and give the economy a lift. Investors question Standard Chartered's defense LONDON (Reuters) - Standard Chartered is failing to convince some shareholders of its defense against allegations it broke U.S. sanctions on Iran, leaving them worried about possible lawsuits, fines and the loss of top executives. JPMorgan stymied in push to get beyond "Whale" trades (Reuters) - Jamie Dimon's whale is turning into an albatross. China braces for second day of downbeat economic data BEIJING (Reuters) - China's policymakers should be braced for a second straight day of downbeat economic data on Friday, with July trade numbers at risk of undershooting market forecasts and further raising expectations of fresh government action to shore up growth. Analysis: Five years on, central banks not yet out of options LONDON (Reuters) - Five years into the great financial crisis, central banks are still pushing back the boundaries of monetary policy only to encounter constant reminders of the limits of their power to revive growth. Wholesale inventories fall on petroleum WASHINGTON (Reuters) - Wholesale inventories in June recorded their largest drop since September as the value of petroleum stocks fell by the most in more than 3-1/2 years, government data showed on Thursday. Knight losses estimated at $270 million after taxes: CEO letter (Reuters) - Trading losses at Knight Capital Group Inc were about $270 million after taxes from the August 1 software glitch that sent the firm scrambling for a financial lifeline, Chief Executive Tom Joyce told clients in a letter. Carlyle near deal with SocGen on TCW: sources NEW YORK (Reuters) - Private equity firm Carlyle Group LP is close to clinching a deal with Societe Generale for the takeover of the French bank's Los Angeles-based asset management arm TCW, three people familiar with the matter said on Thursday. Related Video The Exchange: Identifying the Breakout Nations Golden pay day for Olympic athletes Economic News Jobs, trade data supports modest economic growth Fed balance sheet grows second straight week 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