Business Today: Jobs, factory data point to strengthening economy

	Click to View in Browser 06/19/2014 Jobs, factory data point to strengthening economy WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week and factory activity in the mid-Atlantic region accelerated in June, more evidence the economy was strengthening after a disastrous first quarter. S&P 500 ends at another record on Fed's view NEW YORK (Reuters) - The S&P 500 ended at another record high on Thursday, extending gains for a fifth day on optimism that the Federal Reserve will keep interest rates low. GE reshapes Alstom power bid PARIS (Reuters) - General Electric revised its bid for the power arm of Alstom on Thursday to respond to political concerns in France, offering joint venture opportunities and providing guarantees to the French state. Nestle CEO says size matters even as focus narrows PARIS (Reuters) - Nestle is trimming its huge range of businesses and pushing deeper into niche medical products to improve returns, but the food and beverage giant still likes its heft. Fed keeps faith in recovery, bumps up expected rate-hike path WASHINGTON (Reuters) - The Federal Reserve on Wednesday expressed confidence the U.S. economic recovery was on track and hinted at a slightly more aggressive pace of interest rate increases starting next year. Exclusive: UBS faces criminal probe for Puerto Rico bond fund sales - lawyers NEW YORK (Reuters) - U.S. authorities are probing UBS AG for criminal fraud after a former broker in Puerto Rico allegedly directed clients to improperly borrow money to buy mutual funds that later plunged, according to lawyers representing some of the investors. American Apparel expects fight from ousted founder LOS ANGELES (Reuters) - The board of hipster clothing brand American Apparel Inc has ousted founder Dov Charney as chairman and said it was preparing for the controversial executive to fight his removal. rgentina says it has no team for talks in debt battle BUENOS AIRES/NEW YORK (Reuters) - Argentina hasn't prepared a team to go to New York to negotiate with holdout bondholders, Cabinet chief Jorge Capitanich said on Thursday, casting doubt over whether it will seek a deal to stave off a debt default. Euro zone has correct fiscal stance to cut debt, help growth: IMF LUXEMBOURG (Reuters) - The euro zone's fiscal stance strikes the right balance between reducing debt and bolstering demand, the International Monetary Fund said in a statement on Thursday. Volkswagen set to build SUV in Tennessee: report FRANKFURT (Reuters) - Volkswagen AG is nearing a decision to pick its Chattanooga, Tennessee plant over a site in Mexico to build a new seven-seater crossover vehicle for the North American market, a German newspaper reported on Thursday. Related Video Gaffen and Garnick: This is a great bull market, embrace it Germany has housing worries too Economic News Fed keeps faith in recovery, bumps up expected rate-hike path Jobs, factory data point to strengthening economy 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