Business Today: U.S. jobless claims rise marginally, jobs market recovery intact

		Click to View in Browser 06/12/2014 U.S. jobless claims rise marginally, jobs market recovery intact WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but not enough to change views the labor market was strengthening. U.S. retail sales rise less than expected in May WASHINGTON (Reuters) - U.S. retail sales rose less than expected in May, but that probably will do little to change expectations of an acceleration in growth this quarter as data for the prior months was revised higher. Intel loses court challenge against $1.4 billion EU fine LUXEMBOURG (Reuters) - U.S. chipmaker Intel lost on Thursday its challenge against a record 1.06 billion euro ($1.44 billion) European Union fine handed down five years ago, as Europe's second highest court said regulators did not act too harshly. U.S. futures edge lower after soft economic data NEW YORK (Reuters) - U.S. stock index futures edged lower on Thursday after data showed retail sales rose less than expected and weekly initial jobless claims increased in the latest week. Siemens, Mitsubishi hatch Alstom plan as French ministers meet PARIS (Reuters) - French ministers met on Thursday to discuss the fate of cash-strapped engineering group Alstom as Siemens and Mitsubishi Heavy Industries hatched a plan to beat an offer by U.S. conglomerate General Electric. Merck, Pfizer, HSBC could be big winners from shareholder case NEW YORK (Reuters) - Within the next two weeks, the U.S. Supreme Court is expected to rule in a major case that could make it much harder for shareholders to band together against public companies in securities fraud class actions. Top BNP executive to go amid sanctions-busting investigation PARIS (Reuters) - The chief operating officer of BNP Paribas is to step down at the end of June and retire completely on Sept. 30, France's biggest bank announced on Thursday as it wrestles with U.S. authorities over a potential $10 billion fine. Euro zone robust April output boosts second-quarter GDP growth hopes BRUSSELS (Reuters) - Euro zone industrial output rebounded with a twice-as-strong as expected monthly rise in April thanks to energy and non-durable goods production, official data showed on Thursday, pointing to an acceleration of economic growth in the second quarter. Mitsubishi Motors recalls 920,000 vehicles over light switch glitch TOKYO (Reuters) - Mitsubishi Motors Corp is recalling about 920,000 vehicles globally for a glitch in the light switch that could prevent headlights and blinkers from working, the car maker said on Thursday. Judge considers dismissing U.S. fraud case against Bank of America ASHEVILLE N.C. (Reuters) - A federal judge on Wednesday said he would consider dismissing a U.S. Department of Justice lawsuit accusing Bank of America Corp of civil fraud in the sale of mortgage securities that soured during the global financial crisis. Related Video Breakingviews: BNP's COO leaves with no mea culpa ECB easing to benefit Ukraine, Russia corporate bonds –Ratto Economic News U.S. jobless claims rise marginally, jobs market recovery intact U.S. retail sales rise less than expected in May 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