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Friday, March 15, 2013

Business Today: Stock futures flat before data, with S&P near record high

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03/15/2013
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
Stock futures flat before data, with S&P near record high
NEW YORK (Reuters) - Stock futures were little changed on Friday ahead of a flurry of economic data, with the S&P within 2 points of an all-time closing high.
Exclusive: Draghi lectures euro zone leaders about labor costs
BRUSSELS (Reuters) - European Central Bank President Mario Draghi gave EU leaders a crash course in macroeconomics late on Thursday, emphasizing his concerns about low productivity and high labor costs hurting the euro zone's prospects, officials said.
Boeing sees 787 airborne in weeks with fortified battery
TOKYO (Reuters) - Boeing Co said its 787 Dreamliner jets could be airborne within weeks with a fortified power pack that would eliminate the risk of fire, confident the U.S. aviation authority would approve the redesigned battery soon.
Consumer prices post largest increase in nearly four years
WASHINGTON (Reuters) - Consumer prices recorded their largest increase in nearly four years in February as the cost of gasoline surged, but details of the report on Friday showed no sign of a pickup in inflation to trouble the Federal Reserve.
Japan seeks to join U.S.-led Pacific trade talks, reform hopes rise
TOKYO (Reuters) - Prime Minister Shinzo Abe announced on Friday that Tokyo will seek to join talks on a U.S.-led Pacific free trade pact which proponents say will help tap vibrant regional growth, open Japan to tougher competition and create momentum for reforms needed to revive the long-stagnant economy.
Legal action means no April listing for Siemens' Osram
FRANKFURT (Reuters) - German engineer Siemens will not be able to spin off its lighting division in April, the earliest date for the planned listing, because of legal action by a handful of investors challenging the move.
Goldman partner Barg moves to New York from Asia in new role
HONG KONG (Reuters) - Goldman Sachs Group Inc has appointed Steven Barg to a newly created role in New York, moving the veteran Asia equity capital markets banker to the firm's headquarters less than six months after he took on a senior role in Singapore.
Analysis: New Bank of Japan chief faces credibility test after landing top job
TOKYO (Reuters) - Japanese lawmakers paved the way on Friday for a new central bank governor whose plan to defeat deflation rests on the belief that pumping huge amounts of yen into the economy will convince the public to start spending now because prices will rise.
Analysis: Cracks starting to appear in solid Italy bond market
LONDON (Reuters) - Chinks are showing in the Italian bond market's resilience to the political stalemate that followed last month's election.
Chesapeake to redeem $1.3 billion notes at par
(Reuters) - Chesapeake Energy Corp notified on Friday that it would try to redeem $1.3 billion of notes at par, a day after the company failed to win a court order that would have allowed the redemption.
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