Business Today: Stock futures little changed after S&P hit five-year high

		Click to View in Browser 01/11/2013 Stock futures little changed after S&P hit five-year high NEW YORK (Reuters) - Stock index futures were little changed on Friday, a day after the S&P 500 hit a five-year high and following higher-than-expected results from Wells Fargo. Trade deficit widens sharply on consumer goods imports WASHINGTON (Reuters) - The trade deficit unexpectedly grew in November, a drag on economic growth, although the gap's widening was driven by a surge in consumer goods imports, which gives a positive signal for consumer spending. Exclusive: JP Morgan faces U.S. order to improve compliance NEW YORK (Reuters) - A U.S. regulatory probe of JP Morgan Chase & Co is expected to result in an order that the bank correct lapses in how it polices suspect money flows, in an action expected as soon as Friday, people familiar with the situation said. Boeing Dreamliner hit by two more mishaps in Japan TOKYO/WASHINGTON (Reuters) - Boeing Co's 787 Dreamliner jet suffered a cracked cockpit window and an oil leak on separate flights in Japan on Friday - the latest in a series of incidents testing confidence in the sophisticated new aircraft. Wells Fargo profit jumps 24 percent to record high (Reuters) - Wells Fargo & Co on Friday said fourth-quarter profit rose 24 percent to a record high as the bank set aside less money to cover bad loans and made more fees from mortgages. RBS to slash bonuses to pay Libor fines: source LONDON (Reuters) - Royal Bank of Scotland is preparing to slash bonuses for its investment bankers this year to help pay fines for its role in an interest rate rigging scandal, a source familiar with the situation said. Merck withdraws cholesterol drug Tredaptive globally (Reuters) - Merck & Co Inc said it would withdraw its cholesterol drug Tredaptive from markets worldwide after European regulators recommended that marketing of the drug be suspended. Best Buy key U.S. sales rebound, free cash flow pressured (Reuters) - Best Buy Co Inc on Friday showed a bit of a turnaround in its U.S. stores, with flat same-store sales during the key holiday season, but slashed its expectations for free cash flow after it had to pay for some inventory earlier than expected. Budget cuts must go on, EU's Rehn says BRUSSELS (Reuters) - Europe will need more spending cuts to emerge from its debt crisis despite an admission by the International Monetary Fund that cost cutting can choke economies, the EU's top economic official said on Friday. Analysis: Euro convergence trades could return to fashion LONDON (Reuters) - Like mini-skirts and flared trousers, some fashions have a habit of coming back, even if never quite like the original. Could it be the turn again of euro convergence funds? Related Video Silver screen seniors are box office gold Chinese say ciao to Italy's economic woes Economic News Fed hawks worry about threat of inflation Trade deficit widens sharply on consumer goods imports 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