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Tuesday, May 14, 2013

Business Today: Import prices fall; lower oil prices to help households

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05/14/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Import prices fall; lower oil prices to help households
WASHINGTON (Reuters) - Import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures.
Wall Street jumps as banks lead indexes to new highs
NEW YORK (Reuters) - Stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further.
Exclusive: EU to warn China it may levy duties against Huawei - sources
BRUSSELS (Reuters) - The European Commission plans to send a formal warning to China that it is ready to levy sanctions against telecoms equipment makers Huawei and ZTE Corp over illegal subsidies, people close to the matter said.
Boeing resumes deliveries of 787 Dreamliners after four-month gap
NEW YORK (Reuters) - Boeing Co said it resumed deliveries of 787 Dreamliners on Tuesday, ending a period of nearly four months in which it was unable to provide new planes to customers.
J.C. Penney stores, real estate worth $4.06 billion: appraisal
(Reuters) - J.C. Penney Co Inc's stores, distribution centers and headquarters are worth a total of $4.06 billion, according to an appraisal conducted for the department store chain and disclosed on Tuesday in a presentation to potential lenders that was also filed with U.S. regulators.
U.S. car use falls as younger generation shifts gears: study
NEW YORK (Reuters) - Americans are driving less than they used to because of higher gasoline prices, a weak economy and changing generational preferences, according to a report released Tuesday that found a sixty-year "driving boom" had hit the brakes.
Fraud claims versus Goldman over Abacus CDO are dismissed
NEW YORK (Reuters) - Goldman Sachs Group Inc won dismissal on Tuesday of fraud claims brought by a bond insurer over a CDO tied to subprime mortgage securities called Abacus.
EU probes oil majors on price manipulation
LONDON/OSLO (Reuters) - European authorities have raided offices of oil majors Shell, BP and Statoil in an investigation of suspected manipulation of oil prices, one of the biggest cross-border actions since the Libor rigging scandal.
Lockheed says furloughs could delay F-35 fighter, other programs
WASHINGTON (Reuters) - The Pentagon's plans to put most of its 800,000 civilian employees on unpaid leave for 11 days could lead to delays on Lockheed Martin Corp's F-35 Joint Strike Fighter and other weapons programs, a top company official said on Tuesday.
Dell to report earnings five days early, on May 16
SAN FRANCISCO (Reuters) - Dell Inc , mired in a battle between activist investor Carl Icahn and co-founder Michael Dell over its future, said it will report quarterly results on Thursday, May 16, five days ahead of schedule.
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