Business Today: Wall St. ends lower on concerns about Iraq

	Click to View in Browser 06/12/2014 Wall St. ends lower on concerns about Iraq NEW YORK (Reuters) - U.S. stocks fell on Thursday as concerns escalated about Iraq and after disappointing economic data on consumers and the labor market. U.S. retail sales miss expectations, jobless claims rise WASHINGTON (Reuters) - U.S. retail sales rose less than expected in May and first-time applications for jobless benefits increased last week, but the data did little to alter views the economy is regaining steam. Intel loses court challenge against $1.4 billion EU fine LUXEMBOURG (Reuters) - U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro ($1.44 billion) European Union fine handed down five years ago, as Europe's second highest court said regulators did not act too harshly. Ford lowers fuel economy rating for six vehicles DETROIT (Reuters) - Ford Motor Co said on Thursday it was lowering the fuel economy ratings on six of its models, including a number of hybrids, and would reimburse owners for the difference. Top BNP executive to go as talks on U.S. penalty gather pace PARIS (Reuters) - The chief operating officer of BNP Paribas is to step down at the end of June and retire completely on Sept. 30, France's biggest bank announced on Thursday as talks with U.S. authorities over a potential $10 billion fine gathered pace. Airbus takes flight with investors, media after order snub NEW YORK/TOULOUSE (Reuters) - Europe's Airbus mounted a transatlantic charm offensive on Thursday to boost sales of the world's biggest jetliner, the A380, and shine the spotlight on its brand-new A350 - a day after its shares were hit by a record order cancellation. Tesla Motors to share patents to spur electric car development DETROIT (Reuters) - Tesla Motors Inc on Thursday said it would allow others to use its intellectual property in hopes of speeding up development of electric cars by all manufacturers. Lululemon sees tough second-quarter, shares tumble TORONTO, (Reuters) - Lululemon Athletica Inc offered little sign on Thursday that it was pulling out of an extended slump, cutting financial forecasts and warning that second-quarter sales at its once-trendy yogawear shops were off to a weak start. Inherited IRAs in play for bankruptcy creditors: U.S. high court (Reuters) - The U.S. Supreme Court on Thursday said inherited individual retirement accounts are not protected from creditors in bankruptcy, in a ruling that impacts one of the most popular ways to save for retirement. Merck, Pfizer, HSBC could be big winners from shareholder case NEW YORK (Reuters) - Within the next two weeks, the U.S. Supreme Court is expected to rule in a major case that could make it much harder for shareholders to band together against public companies in securities fraud class actions. Related Video The consumer will do better this year-IHS' Chris Christopher Platinum mining strike - end in sight Economic News U.S. retail sales miss expectations, jobless claims rise Fed plans to change bank stress tests calendar dates 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