Business Today: U.S. consumer confidence dips; housing starts miss forecasts

	Click to View in Browser 08/16/2013 U.S. consumer confidence dips; housing starts miss forecasts WASHINGTON (Reuters) - U.S. consumer sentiment ebbed in August and residential construction rose less than expected last month, potentially dimming hopes of an acceleration in economic activity in the third quarter. Wall Street ends down, Dow in year's biggest weekly drop NEW YORK (Reuters) - U.S. stocks fell on Friday, with the Dow index posting its biggest weekly decline of the year as rising interest rates hurt stocks paying high dividends and retail earnings disappointed. Icahn's bid to fast-track key Dell lawsuit fails WILMINGTON, Delaware (Reuters) - Activist investor Carl Icahn's legal effort to derail a $25 billion takeover of Dell Inc stalled on Friday after a judge refused to fast-track his lawsuit against the company, an integral part of his months-long opposition campaign. JPMorgan in $23 million settlement with clients over Lehman NEW YORK (Reuters) - JPMorgan Chase & Co agreed to pay $23 million to settle a lawsuit accusing it of mishandling money of pension funds and other clients by investing it in notes from Lehman Brothers Holdings Inc, which later went bankrupt. SEC approves ICE's planned takeover of NYSE (Reuters) - The Securities and Exchange Commission has approved the takeover of NYSE Euronext by IntercontinentalExchange, according to a regulatory filing made available on the regulator's website early on Friday. SAC likely to face fresh redemption requests at Friday deadline BOSTON (Reuters) - Billionaire hedge fund manager Steven A. Cohen may see the last of his outside investors ask for their money back by midnight on Friday. Exclusive: FDA says working with Merck, USDA on cattle drug Zilmax WASHINGTON (Reuters) - The U.S. Food and Drug Administration said on Friday it was working with drugmaker Merck & Co and the U.S. Department of Agriculture to gather information on the cattle feed additive Zilmax and determine if it is unsafe. U.S. panel approves import probe of steel pipe from nine countries WASHINGTON (Reuters) - A U.S. trade panel on Friday approved a Commerce Department investigation that could lead to steep duties on steel pipe from South Korea, India and seven other countries that is used in oil and natural gas production and which domestic manufacturers say is being sold in the United States at unfairly low prices. Import tax overhaul bill coming, would help U.S. seaports WASHINGTON (Reuters) - A U.S. import tax collected only at shipping ports would be converted into a fee on goods brought into the United States by rail and highway from Canada and Mexico under legislation expected to be introduced next month in the U.S. Senate. Bear Stearns funds' liquidators settle with JPMorgan NEW YORK (Reuters) - JPMorgan Chase & Co has reached a settlement with the liquidators for two Bear Stearns mortgage-laden hedge funds whose collapse in 2007 sent waves through the subprime securities market. Related Video Sony's breakthrough streaming deal Data spying bins raise privacy fears Economic News U.S. consumer confidence dips; housing starts miss forecasts U.S. panel approves import probe of steel pipe from nine countries 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