Business Today: U.S. producer prices fall for first time in over a year

		Click to View in Browser 10/15/2014 U.S. producer prices fall for first time in over a year WASHINGTON, Oct 15 (Reuters) - Prices received by U.S. producers fell in September for the first time in over a year, a potentially worrisome sign for the economy in that inflation appears to be failing to gain traction. U.S. retail sales give cautionary sign on consumer demand WASHINGTON - U.S. retail sales declined in September even when factoring out weakness at auto dealers and gasoline stations, providing a surprisingly cautionary sign for the strength of consumer demand. Futures drop on global economy concerns, merger doubt NEW YORK (Reuters) - U.S. stock index futures dropped on Wednesday as selling resumed on worries over the health of the world economy, ahead of a slew of data and corporate earnings. AbbVie cools on $55 billion Shire deal after U.S. tax changes LONDON (Reuters) - U.S. pharmaceutical company AbbVie said it was reconsidering its $55 billion takeover of Shire in the wake of U.S. government moves to curb deals designed to cut tax, wiping $13 billion off the London-listed firm's stock price. Bank of America posts loss on mortgage settlement (Reuters) - Bank of America Corp , the No. 2 U.S. bank by assets, reported a small quarterly loss applicable to common shareholders on Wednesday, largely due its record $16.65 billion mortgage settlement with the U.S. government in August. BlackRock sees inflows into fixed income: CNBC (Reuters) - Asset manager BlackRock Inc has had $48 billion in net new flows into its fixed income funds this year, Chief Executive Officer Larry Fink told CNBC on Wednesday morning. HP to resume share repurchase program (Reuters) - Hewlett-Packard Co said it would resume its share repurchase program, a day after sources told Reuters that the company had ended merger talks with EMC Corp . The global business of secondhand clothes thrives in Kenya NAIROBI (Reuters) - Shaded by ragged squares of canvas, amid choking dust and the noise of hawkers, shoppers in Nairobi's Gikomba market can turn up Tommy Hilfiger jeans or a Burberry jacket for a fraction of the price in London's Regent Street or New York's Fifth Avenue. India's IndiGo secures rights to buy 100 more Airbus A320 planes NEW DELHI (Reuters) - Indian low-cost carrier IndiGo has secured the rights to buy a further 100 Airbus A320 planes, in addition to the 250 it agreed to purchase, the airline's President Aditya Ghosh told Reuters on Wednesday. Lockheed says makes breakthrough on fusion energy project WASHINGTON (Reuters) - Lockheed Martin Corp said on Wednesday it had made a technological breakthrough in developing a power source based on nuclear fusion, and the first reactors, small enough to fit on the back of a truck, could be ready in a decade. Related Video Girl power at top Nigerian energy firms Breakingviews: Transatlantic M&A Economic News U.S. producer prices fall for first time in over a year U.S. retail sales give cautionary sign on consumer demand 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