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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.
U.S. oil boom leaves OPEC sidelined from demand growth
LONDON (Reuters) - Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West's energy agency said.
U.S. hedge fund calls for Sony Entertainment spin-off
TOKYO (Reuters) - Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony Corp to spin off its lucrative entertainment arm, setting the stage for a clash between his activist Wall Street fund and management at the Japanese electronics maker.
Stock futures edge up as investors search for catalysts
NEW YORK (Reuters) - Stock index futures edged higher on Tuesday as investors looked for reasons to push stocks further after a rally that repeatedly took the Dow and S&P 500 to record highs.
Big U.S. data dominates market but new favorites emerging
LONDON (Reuters) - Central bank intervention, the euro zone crisis and China's rise have expanded the list of data that moves markets, but surprises in measures such as PMIs and U.S. jobs numbers still pack the biggest punch.
ECB clashes with Germany over euro zone bank resolution
BRUSSELS (Reuters) - The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should set up a full banking union, calling for it to be ready by mid-2014 after Berlin declared it wanted a slower pace.
In Bangladesh rubble, the prices of profit
MADRID (Reuters) - Order dockets found in the rubble of a Dhaka garment factory where over 1,100 workers died show just why it pays foreign stores to buy from Bangladesh - clothes made for as little as a tenth of what they sell for in the West.
Small business optimism rises to six-month high
WASHINGTON (Reuters) - A gauge of confidence for small businesses rose in April to its highest in six months, a sign of resilience in an economy beset by Washington's austerity drive.
Rivals warn of boost to Google dominance from antitrust offer
BRUSSELS (Reuters) - Rivals say Google could reinforce its dominance unless EU regulators win more concessions from the Internet search giant over accusations it restricts consumer choice and competition.
Hedge fund proposes revamped Hess board to end proxy fight
(Reuters) - The activist investor engaged in a proxy battle with Hess Corp has proposed a new board for the oil producer that would include all nominees put forward by both sides ahead of a vote on Thursday.
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Import prices fall; lower oil prices to help households
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