Business Today: Stock futures tick up, all eyes on Fed

		Click to View in Browser 06/18/2013 Stock futures tick up, all eyes on Fed NEW YORK (Reuters) - U.S. stock index futures edged higher on Tuesday, trading in a tight range ahead of the start of a highly anticipated Federal Reserve meeting and before inflation and housing market data. Housing starts miss expectations, but overall tone upbeat WASHINGTON (Reuters) - Housing starts rose less than expected in May, likely reflecting labor and material constraints, but the overall trend remained consistent with strength in the housing market. Consumer prices rise, core prices bode well for demand WASHINGTON (Reuters) - Consumer prices rose in May and a gauge of underlying price pressures showed signs of stabilizing after a long decline, a potential comfort to Federal Reserve policymakers who would like to see stronger inflation. Royalty drops hostile bid for Ireland's Elan DUBLIN (Reuters) - U.S.-based Royalty Pharma has dropped a hostile bid worth up to $8 billion for Elan , leaving the Irish drug maker free to seek other suitors having put itself up for sale last week. UK charges ex-UBS trader Hayes in Libor investigation LONDON (Reuters) - Britain's fraud prosecutor on Tuesday charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud, as part of a global investigation into the manipulation of benchmark interest rates. Boeing's new Dreamliner steps up big jet battle PARIS (Reuters) - Boeing launched a larger version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday, sharpening the battle with rival Airbus in the booming market for fuel-efficient, long-distance jets. Obama says Bernanke has 'stayed a lot longer' than he wanted at Fed WASHINGTON (Reuters) - President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying Ben Bernanke has stayed a lot longer than the current chairman had originally planned. ECB rates becoming more effective again: Draghi JERUSALEM (Reuters) - The European Central Bank is ready to act to aid the euro zone economy if needed, while signs of market stabilization mean interest rates are becoming a more effective tool again, ECB chief Mario Draghi said on Tuesday. Lloyds says no political pressure for branches sale to Co-op LONDON (Reuters) - British bank Lloyds has denied being subject to political pressure to sell hundreds of branches to the Co-operative Group , rebutting suggestions of ministerial interference in the controversial sale. Investors back away from emerging markets on China fears: BofA survey LONDON (Reuters) - Emerging markets are suffering a sharp pullback by investors fearful of a shock from China just as confidence in the world economy, and the euro zone in particular, rises, according to a survey of fund managers. Related Video U.S. Morning Call: Loeb increases pressure on Sony Breakingviews: G8 should preach on tax Economic News Consumer prices rise, core prices bode well for demand Housing starts miss expectations, but overall tone upbeat 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