Business Today: Producer prices rise, could signal stronger economy

		Click to View in Browser 07/12/2013 Producer prices rise, could signal stronger economy WASHINGTON (Reuters) - Producer prices rose more than expected in June, pointing to an apparent increase in inflationary pressures that could make the U.S. Federal Reserve more comfortable about reducing its monetary stimulus. S&P 500 futures turn slightly lower NEW YORK (Reuters) - S&P 500 stock index futures turned slightly lower Friday after United Parcel Service said it was trimming its full-year outlook. Analysis: Fed mulls adjusting its tune to quell jittery markets (Reuters) - Federal Reserve officials are considering moving the goal posts on U.S. monetary policy with a promise to keep interest rates low for longer in the hopes of heading off a troubling rise in market-set borrowing costs. Wells Fargo profit rises 20 percent, sets aside less for bad loans (Reuters) - Wells Fargo & Co , the biggest U.S. mortgage lender, reported a higher-than-expected 20 percent rise in quarterly profit on Friday as it set aside less money to cover bad loans. JPMorgan reports 31 percent rise in profit as trading rebounds (Reuters) - JPMorgan Chase & Co reported a 31 percent rise in quarterly profit on Friday as trading revenue rebounded and the biggest U.S. bank by assets set aside less money to cover bad loans. UPS expects second-quarter profit below estimates (Reuters) - United Parcel Service Inc , the world's No.1 package delivery company, estimated second-quarter profit below analysts' expectations, hurt by overcapacity in the global air freight market and a slowing U.S. industrial economy. Tsinghua Holdings to buy chipmaker Spreadtrum for $1.78 billion (Reuters) - Chinese cellphone chip designer Spreadtrum Communications Inc will be acquired by a unit of government-owned Tsinghua Holdings Co Ltd for a raised offer price of about $1.78 billion. Schneider offer fuels talk of $5 billion Invensys bid battle LONDON/PARIS (Reuters) - Hopes of a bid battle powered Invensys shares to a ten-year high on Friday, after the British engineer said it had received a 3.3 billion pound ($5 billion) takeover proposal from France's Schneider Electric . Portugal's PM says committed to reaching cross-party deal LISBON (Reuters) - Portuguese Prime Minister Pedro Passos Coelho said on Friday he is ready to overcome differences with his coalition partner and the opposition Socialists to resolve a political crisis as requested by the country's president. For Icahn, $10.7 million profit from Dell is not enough (Reuters) - Michael Dell and private equity firm Silver Lake are looking increasingly likely to get shareholder approval to take Dell Inc private in a $24.4 billion deal. But agitator Carl Icahn still sees room to gamble. Related Video U.S. Morning Call: JPMorgan's Dimon swims ahead of the Whale Market Pulse: Ben puts fizz into gold, but beware the fizzle Economic News Producer prices rise, could signal stronger economy Analysis: Fed mulls adjusting its tune to quell jittery markets 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