  | | | Data signal soft economy but not abrupt slowdown | | WASHINGTON (Reuters) - U.S. consumer spending fell in April for the first time in almost a year and already low inflation declined further, undercutting arguments for a near-term tapering of the Federal Reserve's bond-buying stimulus. | | |  | | | SAC redemptions grow, as Magnitude Capital joins in | | NEW YORK (Reuters) - Investor redemptions from Steven A. Cohen's hedge fund, SAC Capital Advisors, continue, with Magnitude Capital emerging as the latest outside investor asking to get money back from the $15 billion hedge fund. | | | |  | | | Wall Street ends down 1 percent for day, but up for May | | NEW YORK (Reuters) - Stocks ended down 1 percent on Friday, extending losses into the close, but the three major indexes closed out May with gains. The S&P 500 rose 14.34 percent for the first five months of 2013 - its best first five months since 1997. | | | |  | | | China Inc's Smithfield bid expected to pass Washington test | | (Reuters) - Washington may still be digesting news of China Inc's latest bold move into America with the nearly $5 billion takeover of Smithfield Foods Inc , but early indications are the deal will not inflame enough nationalistic opposition to kill it, and success could pave the way for more Chinese purchases. | | | |  | | | Louis Vuitton owner faces maximum fine in luxury row | | PARIS (Reuters) - A battle between French luxury handbag makers spilled out into the public eye on Friday with market regulators seeking the maximum fine for Louis Vuitton owner LVMH for failing to disclose moves to build a stake in rival Hermes . | | | |  | | | Sale of AIG plane lease unit to Chinese group at risk | | (Reuters) - A Chinese group's purchase of ILFC, one of the world's largest airplane leasing companies, could collapse after insurer American International Group Inc said on Friday it did not receive a scheduled deposit payment. | | | |  | | | Record unemployment, low inflation underline Europe's pain | | BRUSSELS/PARIS (Reuters) - Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank's target, stepping up pressure on EU leaders and the ECB for action to revive the bloc's sickly economy. | | | |  | | | Boeing to open design and support sites away from Seattle | | SEATTLE (Reuters) - Boeing Co on Friday began a major move to spread its commercial aircraft engineering talent and aircraft support staff around the U.S., announcing plans for engineering design and airplane-support centers outside of the Seattle area. | | | | |  |  | | | 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 | |
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