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Tuesday, March 19, 2013

Business Today: Wall Street set to open higher after two-day decline

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03/19/2013
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
Wall Street set to open higher after two-day decline
NEW YORK (Reuters) - Stock index futures rose on Tuesday, helped by signs that the U.S. housing market recovery is gathering pace, as investors shrugged off developments in Cyprus that may lead the country into default.
Housing starts rise, permits at four-and-half year high
WASHINGTON (Reuters) - Groundbreaking to build new homes rose in February and new permits for construction rose to the highest level since 2008, a sign the nation's housing market recovery is gathering steam.
Cyprus aims to let small savers out of deposit tax; veto still likely
NICOSIA (Reuters) - Cyprus's government proposed on Tuesday to spare small savers from a divisive levy on bank deposits but said it expects parliament to reject the measure, needed to secure an international bailout and avoid default and a banking collapse.
More homeowners got back above water in fourth quarter: CoreLogic
NEW YORK (Reuters) - Rising home prices last year helped more homeowners get back above water on their mortgages in the fourth quarter, a fresh sign of improvement in the housing market, data from CoreLogic showed on Tuesday.
Boeing signs $15.6 billion landmark order with Ryanair
DUBLIN (Reuters) - Ryanair announced a $15.6 billion order for 175 passenger jets from Boeing on Tuesday in a boost to the struggling planemaker that will allow the Irish airline to consolidate its position as Europe's dominant low-cost carrier.
Outgoing Bank of Japan head warns no quick fix to Japan's deflation
TOKYO (Reuters) - Outgoing Bank of Japan Governor Masaaki Shirakawa warned on Tuesday there is no quick way to fix an economy that has suffered 15 years of deflation and that aggressive money printing alone was not the answer.
Samsung working on wristwatch to rival Apple's
SEOUL (Reuters) - Samsung Electronics Co is developing a wearable digital device similar to a wristwatch, a source with direct knowledge of the matter said, joining rival Apple Inc in creating new products as growth of smartphone sales slows.
UBS becomes latest bank to quit Euribor rates panel
ZURICH (Reuters) - UBS said it would pull out of money market rate Euribor, one of the most prominent banks to do so after a global benchmark rate-setting scandal, in a move that renews questions about the rate's future.
ThyssenKrupp plans $1.3 billion-plus share sale: report
FRANKFURT (Reuters) - Germany's ThyssenKrupp plans to raise over 1 billion euros ($1.3 billion) in a share sale to bolster its finances after winning over its biggest investor to the plan, a newspaper reported, sending the steelmaker's stock sliding.
BMW sees flat 2013 pretax profits as costs rise
MUNICH (Reuters) - German premium automaker BMW expects earnings to stagnate this year as costs for 11 new model launches, capacity expansion and spending on fuel-efficient technology eat up higher profits from selling more cars.
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