Daily Investor Briefing: U.S. retail sales pause, seen...

	Click to View in Browser 08/13/2014 U.S. retail sales pause, seen rebounding in months ahead WASHINGTON (Reuters) - U.S. retail sales unexpectedly stalled in July, pointing to some loss of momentum in the economy early in the third quarter. Wall Street closes higher as biotechs soar NEW YORK (Reuters) - U.S. stocks ended higher on Wednesday, with the Dow returning to positive territory for the year as surging biotech shares helped the market shrug off weak earnings reports and soft retail data. Argentina slams U.S. judge in debt case; peso hits record low BUENOS AIRES (Reuters) - Argentina came out swinging on Wednesday against the U.S. judge overseeing its debt default case, defying a threatened contempt order and dashing market hopes it might soon restart talks with the hedge funds suing the country. Cisco posts smaller-than-expected drop in fiscal fourth quarter revenue (Reuters) - Network equipment maker Cisco Systems Inc posted a smaller-than-expected 0.5 percent dip in quarterly revenue, as the company makes a transition through a new cycle of high-end switches and routers. Macy's cuts same-store sales forecast, shares drop (Reuters) - Macy's Inc cut its full-year same-store sales forecast, after second-quarter sales failed to make up for weakness in the first quarter when harsh winter weather kept shoppers away. Boeing breaks ground on wing factory for new 777X EVERETT Wa. (Reuters) - - Boeing executives and state political leaders took sledgehammers to a 1960s office block on Wednesday to help clear the way for a factory that will make composite wings for the company's newest jet, the 777X. Atlantic City aims to counter bad publicity with ad campaign (Reuters) - Atlantic City's supporters have launched an ad campaign to reverse what they see as an onslaught of bad publicity about the New Jersey seaside resort, where four of 12 casinos have recently announced plans to close. Deere posts lower quarterly profit, cuts full-year outlook (Reuters) - Deere & Co posted a lower quarterly profit on Wednesday and cut its full-year outlook as declining grain prices discouraged farmers from purchasing its tractors, harvesters and other agricultural machinery. Virgin America airline flight attendants vote to approve union SEATTLE (Reuters) - Flight attendants at Virgin America airlines approved representation by the Transport Workers of America union, with 58 percent voting in favor, the union said on Wednesday, citing a National Mediation Board tally. Falling U.S. used-car prices will drive up new-car incentives DETROIT (Reuters) - The U.S. auto industry will have to offer more discounts to maintain demand as prices for used cars decline. Related Video Breakingviews: Emerging market standouts What next in Russia Ukraine crisis? Related News U.S. benefits enrollment season to bring more cost cutting: study Ackman says he remains committed to Valeant's bid for Allergan 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