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Tuesday, May 7, 2013

Business Today: Stock futures flat, S&P coming off another record close

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05/7/2013
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, S&P coming off another record close
NEW YORK (Reuters) - Stock index futures were little changed on Tuesday after the S&P 500 extended its string of record closes in the previous session and has in five months matched all of 2012's gains.
March home prices see biggest yearly gain in 7 years: CoreLogic
NEW YORK (Reuters) - Hhome prices rose in March, marking the biggest annual increase in seven years, in the latest sign of strength for the recovering housing market, a report from CoreLogic showed on Tuesday.
JPMorgan should have independent chairman, second firm says: WSJ
NEW YORK (Reuters) - A second proxy advisory firm has said that JPMorgan Chase & Co should have an independent board chairman over its chief executive officer, according to a published report.
Nokia CEO says remains focused on Windows Phone software
HELSINKI (Reuters) - Nokia Chief Executive Stephen Elop said the company would remain focused on using Microsoft's Windows Phone software to compete with smartphone rivals such as Samsung.
Interview: SocGen Russian unit to cut costs, bolster margins
MOSCOW (Reuters) - Societe Generale's Russian unit Rosbank will cut costs and prioritize improving margins while lending at least 13 percent more in 2013 as it emerges from years of costly restructuring as a viable player in the state-dominated market.
DirecTV profit blows past estimates on LatAm growth
(Reuters) - Satellite TV provider DirecTV easily beat estimates for the first quarter on Tuesday, as better-than-expected growth in Latin America helped offset the negative effects of a currency devaluation in Venezuela.
Commerzbank sees bleak 2013 as it fishes for investors
FRANKFURT (Reuters) - Commerzbank , Germany's No.2 lender, will have to work hard to entice investors to its 2.5 billion euro ($3.3 billion) share call this month after painting a bleak outlook for the rest of this year.
Discovery posts higher first-quarter results, sees revs above view
(Reuters) - Discovery Communications Inc posted higher revenue and profit in the first quarter as its cable television networks grabbed better U.S. and international ratings, and forecast annual revenue above estimates.
HSBC profits nearly double as costs and bad debts fall
LONDON (Reuters) - HSBC aims to keep the pressure on costs after first-quarter earnings nearly doubled due to the bank's three-year efficiency drive and a halving in bad debts charges.
IMF's Lagarde urges all euro members to push for banking union
AMSTERDAM (Reuters) - For European banking union to succeed, all EU member countries need to be in agreement, Christine Lagarde, managing director of the International Monetary Fund, said on Tuesday.
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