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Monday, May 13, 2013

Business Today: Retail sales edge up, show some strength in economy

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05/13/2013
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
Retail sales edge up, show some strength in economy
WASHINGTON (Reuters) - Retail sales unexpectedly rose in April as households bought automobiles, building materials and a range of other goods, pointing to underlying strength in the economy.
Stock futures pare losses slightly after data
NEW YORK (Reuters) - Stock index futures slightly pared losses on Monday after stronger-than-expected data on April retail sales.
Dell committee seeks information on Icahn offer
(Reuters) - The special committee of Dell Inc's board on Monday asked Carl Icahn for details of his plans for the computer maker, including how he would finance his offer and who would run the company.
Risks to China recovery seen as factory output underwhelms
BEIJING (Reuters) - China's factory output growth was surprisingly feeble in April and fixed-asset investment slowed, rekindling concerns that a nascent recovery is stalling and adding to pressure on policymakers to take action to stimulate the economy.
Insight: Housing improvement may herald return of U.S. workforce mobility
NEW YORK/WASHINGTON (Reuters) - When David Pendery, a corporate public relations specialist, decided to move his family from Colorado to Illinois this year for work, his biggest worry was whether he would be able to sell his home quickly.
Analysis: Malta unlikely to follow Cyprus into crisis
BRUSSELS (Reuters) - Cyprus and Malta have a lot in common: Mediterranean islands enjoying 10 months of sunshine a year, they joined the European Union in 2004, use the euro and have banking sectors that dwarf their economies.
StanChart falls after short seller Muddy Waters flags bad debts
LONDON (Reuters) - Standard Chartered shares fell and the cost of insuring its debt against default jumped on Monday after U.S. activist investor Muddy Waters said it had bet against the bank because of its "deteriorating" loan quality.
Lufthansa says April passenger traffic stagnant
FRANKFURT (Reuters) - German airline Lufthansa said on Monday that April passenger traffic in terms of revenue seat kilometers was flat from a year earlier.
Elan's $1 billion drug royalty deal aids bid defense
DUBLIN (Reuters) - Irish drugmaker Elan Corporation has agreed a $1 billion royalties deal that could soothe concerns about its potentially risky acquisition strategy and fend off a takeover bid from Royalty Pharma.
Lloyds Chairman Bischoff stands down as government sale looms
LONDON (Reuters) - Lloyds Banking Group Plc Chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multi-billion pound government share sale.
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Retail sales edge up, show some strength in economy
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