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

		Click to View in Browser 05/13/2013 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. Related Video Market Pulse: Great rotation? Try great flotation U.S. Morning Call: IPOs set to raise most cash since crisis Economic News Retail sales edge up, show some strength in economy Insight: Housing improvement may herald return of U.S. workforce mobility 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