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<title>US Markets News latest RSS headlines - Arizona Herald.com</title>
<description>Provides the latest RSS feeds for US Markets News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page</description>
<copyright>Arizona Herald.com</copyright>
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<pubDate>Sat, 18 May 2013 17:29:15 -0400</pubDate>
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<title>Dow S and P set record highs log 4-week winning streak</title>
<description>Beijing, May 18 (Xinhua-ANI): U.S. stocks bounced back on Friday to end the week for a fourth straight gain, with the Dow Jones Industrial Average and S and P 500 closing at all-time highs. The blue-chip Dow surged 121.18 points, or 0.80 percent, to 15, 354.40 points. The broader S and P 500 soared 15.65 points, or 0.95 percent, to 1,666.12 points. The tech-rich Nasdaq Composite leapt 33.73 ... </description>
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<pubDate>Sat, 18 May 2013 01:20:06 -0400</pubDate>
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<title>US Airways plane makes unusual belly landing at Newark airport</title>
<description>(Fotolia) NEWARK, N.J. - A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane&amp;rsquo;s landing gear failed to deploy, but no one was injured, airline and government officials said.  Piedmont Airlines flight 4560, operating for US Airways from Philadelphia with 34 passengers and three crew members, landed safely at 1 ... </description>
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<pubDate>Sat, 18 May 2013 14:31:21 -0400</pubDate>
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<title>Lundbeck says drug shows improvement in depression symptoms</title>
<description>COPENHAGEN |           Sat May 18, 2013 1:59pm EDT
COPENHAGEN May 18 (Reuters) - Danish pharmaceutical group Lundbeck and Japanese partner Takeda said on Saturday that data from clinical phase III studies with the antidepressant vortioxetine had shown significant improvement in patients&amp;#39; symptoms.
Lundbeck said in a statement that the trial showed safety levels consistent with previously ... </description>
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<pubDate>Sat, 18 May 2013 13:59:37 -0400</pubDate>
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<title>Fitch Affirms Golden Spread Electric Coop Bonds at A Outlook Stable</title>
<description>California&amp;#039;s Fiscally Disciplined Budget Positive  Fitch Ratings views California&amp;#039;s fiscal 2014 budget as continuing the disciplined approach to fiscal management shown by the state in recent years. California&amp;#039;s economic outlook cautiously forecasts that the expiration of the federal payroll tax holiday and federal sequestration cuts will have a modestly negative impact on personal ... </description>
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<pubDate>Sat, 18 May 2013 13:23:42 -0400</pubDate>
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<title>Hey techies BarCamp Orlando is underway at Wall Street Plaza</title>
<description>BarCamp Orlando, an annual technology event, is back in downtown Orlando today.  BarCamp is a series of 20-minute talks mostly focused on technologies like Ruby, PHP, Java and C with additional presentations on graphic design, music, photography and other new media for nondevelopers in the audience.  The daylong event at Wall Street Plaza is free and open to the public and &amp;quot;to bring people ... </description>
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<pubDate>Sat, 18 May 2013 12:26:25 -0400</pubDate>
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<title>Bidding nears for $9-14 bln Congo hydropower plant</title>
<description>Sat May 18, 2013 12:13pm EDT
* Chinese, Korean and Spanish firms to bid by early 2014
* Plant would provide 4,800 MW, S.Africa to buy over half
* Congo needs more electricity to power mining operations
By John Irish
PARIS, May 18 (Reuters) - Chinese, South Korean and Spanish firms are vying to develop a hydropower project likely to cost between $9 billion and $14 billion on the Congo River, ... </description>
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<pubDate>Sat, 18 May 2013 12:13:30 -0400</pubDate>
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<title>Switzerland close to deal in U.S. tax dispute-finance minister</title>
<description>Sat May 18, 2013 11:43am EDT
* U.S. investigators pursuing banks like CS, Baer
* UBS already paid $780 mln fine in 2009
* Swiss can&amp;#39;t resist pressure for more transparency-minister
ZURICH, May 18 (Reuters) - Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the ... </description>
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<pubDate>Sat, 18 May 2013 11:43:56 -0400</pubDate>
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<title>LATAM Airlines to resume Argentina flights later Saturday</title>
<description>SANTIAGO (Reuters) - LATAM Airlines Group SA LAN.SN said on Saturday it will resume flights to, from and within Argentina by 1530 GMT after state company Intercargo unilaterally decided on Friday to stop providing services to the ... </description>
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<pubDate>Sat, 18 May 2013 11:25:31 -0400</pubDate>
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<title>Who owns the US dollar</title>
<description>For the truth of it, neither the people of America nor the government of America owns the US dollar. How&amp;#039;s that, you say? Well, if one was to really dive just a bit deeper, before hitting the rocks just under the US greenback pond, one would quickly discover that the actual US dollar has not existed since 1913, where it was effectively killed. What is now called the US dollar is actually a ... </description>
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<pubDate>Sat, 18 May 2013 11:08:14 -0400</pubDate>
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<title>New Xbox more than a game console for Microsoft</title>
<description>Reuters &amp;copy; Visitors play with Microsoft&amp;#039;s Xbox 360 consoles at the Tokyo Game Show in Chiba, east of Tokyo, September 15, 2011. REUTERS/Kim ... </description>
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<pubDate>Sat, 18 May 2013 10:47:01 -0400</pubDate>
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<title>Stocks Firmly Positive On Upbeat Economic Data - U.S. Commentary</title>
<description>markets have benefited from some upbeat economic data after a disappointing batch of data helped drag stocks lower on Thursday.The major averages have moved roughly sideways in recent trading, hovering firmly in positive territory. The Dow is up 59.65 points or 0.4 percent at 15,292.87, the Nasdaq is up 16.18 points or 0.5 percent at 3,481.42 and the S&amp;amp;P 500 is up 7.87 points or 0.5 percent ... </description>
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<pubDate>Sat, 18 May 2013 10:44:16 -0400</pubDate>
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<title>Googles wearable Glass gadget cool or creepy</title>
<description>Sat May 18, 2013 9:59am EDT
* Google expects Glass etiquette to evolve
* Casino has banned devices while gambling
* &amp;#34;Those things freak me out&amp;#34;
By Alexei Oreskovic
SAN FRANCISCO, May 18 (Reuters) - Google staged four discussions expounding on the finer points of its &amp;#34;Glass&amp;#34; wearable computer during this week&amp;#39;s developer conference. Missing from the agenda, however, was a ... </description>
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<pubDate>Sat, 18 May 2013 09:59:59 -0400</pubDate>
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<title>Making It Big On Wall Street</title>
<description>There&amp;#039;s no doubt that America is enthralled with Wall Street&amp;#039;s big hitters. Many of them lead lives that seem more befitting of rock stars than those of MBAs. Making millions is just one benefit of a career that includes rubbing elbows with the rich and famous. Making it big ... </description>
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<pubDate>Sat, 18 May 2013 09:35:15 -0400</pubDate>
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<title>Germanys Merkel visits Pope urges tougher market controls</title>
<description>Sat May 18, 2013 8:39am EDT
* Pope and Merkel spoke for unusually long 45 minutes
* Merkel flew to Rome just to see pope
* Francis recently issued strong call for financial reform
By James Mackenzie
VATICAN CITY, May 18 (Reuters) - German Chancellor Angela Merkel met Pope Francis on Saturday and, apparently responding to his criticism of a heartless &amp;#34;dictatorship of the economy&amp;#34;, called ... </description>
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<pubDate>Sat, 18 May 2013 08:39:24 -0400</pubDate>
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<title>Facebooks first year on Wall Street</title>
<description>Facebook&amp;#039;s May 18, 2012, IPO, which valued the company at a whopping $104 billion, was more than just a stock offering -- it grew into a cultural and financial phenomenon. But as launches go, this one was a misfire. A software glitch at Nasdaq delayed the IPO by 30 minutes. Worse, investor demand underwhelmed. After pricing at $38, Facebook shares barely got off the ground to close at ... </description>
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<pubDate>Sat, 18 May 2013 08:15:16 -0400</pubDate>
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<title>Wall Street Week Ahead Correction talk gets old as rally sails along</title>
<description>.SPX gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street&amp;#039;s rally inevitably hitting a ceiling is starting to get ... </description>
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<pubDate>Sat, 18 May 2013 05:12:10 -0400</pubDate>
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<title>Australian dollar drops below parity with US dollar mainly due to US positive gains</title>
<description>The Australian dollar fell below parity with the US dollar and stayed down during the whole week, which is widely attributed to positive indicators in the US economy.On Friday, the Australian dollar took another step lower, falling as low as 97.33 US cents, a level not seen since June 2012.The Australian dollar tumbled to 98.3 cents late on Thursday, breaking through its 11-month low of 98.5 ... </description>
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<pubDate>Sat, 18 May 2013 04:24:01 -0400</pubDate>
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<title>Hopes fade for those still trapped in Freeport Indonesia mine</title>
<description>This handout photograph received from Freeport Indonesia shows rescue personnel at the collapse section of a tunnel as they continue rescue operations for trapped mine workers in the tunnel of Big Gossan area at the Grasberg complex on May 17, 2013. Five workers were killed as search teams battled to reach 23 others still trapped in the US-owned mine Freeport-McMoRan, one of the world&amp;#039;s ... </description>
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<pubDate>Sat, 18 May 2013 03:27:06 -0400</pubDate>
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<title>China to issue 20 billion in 50-year T-bonds</title>
<description>Finance (MOF) announced Friday that it will issue 20 billion yuan ($3.23 billion) in 50-year book-entry treasury bonds.  The issuance marks the ministry&amp;#039;s tenth issuance of book-entry treasury bonds this year, according to a statement posted on the MOF website.  The interest rate for the bonds is fixed at 4.24 percent.  Interest will be paid every half year on May 20 and November 20 ... </description>
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<pubDate>Sat, 18 May 2013 03:17:10 -0400</pubDate>
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<title>Northeast Japan jolted by magnitude 5.9 quake no tsunami warning</title>
<description>Tokyo Electric Power Co&amp;#039;s two nuclear plants in Fukushima reported no new irregularities after the quake, Kyodo news agency said. Onagawa nuclear plant in Miyagi prefecture further north also detected no irregularities, ... </description>
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<pubDate>Sat, 18 May 2013 03:13:09 -0400</pubDate>
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<title>Open thread for night owls Stephen Lerner on breaking Wall Streets grip</title>
<description>[T]o build a new anti-poverty movement will require the kind of organizing and actions that are as creative, visible and gripping as the Occupy Wall Street movement.  Enter Stephen Lerner.  Lerner is a labor and community organizer who has spent more than three decades organizing hundreds of thousands of janitors, farm workers, garment workers and other low-wage workers into unions. These efforts ... </description>
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<pubDate>Fri, 17 May 2013 23:45:19 -0400</pubDate>
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<title>Obama seeks to cut Afghan war spending by 10 percent</title>
<description>WASHINGTON (Reuters) - President Barack Obama on Friday trimmed his funding request for the war in Afghanistan and other overseas operations by 10 percent, reflecting his plans to wind down the U.S. presence in that ... </description>
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<pubDate>Fri, 17 May 2013 22:42:35 -0400</pubDate>
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<title>NYSE cancels irregular trades in Anadarko stock Bloomberg</title>
<description>Trading in the shares of the $45.15 billion company plunged to trade at 1 cent per share shortly before markets closed on Friday. The stock gained back its losses and closed up 2.5 pct $90.03 on the New York Stock ... </description>
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<pubDate>Fri, 17 May 2013 21:33:54 -0400</pubDate>
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<title>UPDATE 1-Americas Cup team calls for changes to make regatta safer</title>
<description>Fri May 17, 2013 9:32pm EDT
By Noel Randewich and Ronnie Cohen
ALAMEDA, California May 17 (Reuters) - The head of the Italian sailing team in the America&amp;#39;s Cup called on Friday for lowering limits on wind speeds and other safety measures to make the regatta less dangerous following a deadly accident last week.
Prada fashion house co-founder Patrizio Bertelli said if the other three ... </description>
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<pubDate>Fri, 17 May 2013 21:32:10 -0400</pubDate>
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<title>CORRECTED-UPDATE 2-Investor group calls on SEC to review change in JPMorgan voting</title>
<description>Fri May 17, 2013 9:08pm EDT
(Changes &amp;#34;letter&amp;#34; to &amp;#34;call&amp;#34; in eighth paragraph)
By David Henry
NEW YORK May 17 (Reuters) - Pension and endowment managers on Friday called on U.S. regulators to review the rules for shareholder voting after a firm collecting ballots for JPMorgan Chase and Co cut off the bank&amp;#39;s opponents from polling information.
The Council of Institutional ... </description>
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<pubDate>Fri, 17 May 2013 21:08:16 -0400</pubDate>
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<title>Yahoo to vote on $1.1 bln Tumblr buy -AllThingsD</title>
<description>SAN FRANCISCO |           Fri May 17, 2013 9:06pm EDT
SAN FRANCISCO May 17 (Reuters) - Yahoo Inc&amp;#39;s board will meet on Sunday to vote on whether to offer $1.1 billion in cash for New York-based blogging service Tumblr, tech blog AllThingsD cited sources close to the situation as saying on Friday.
Such an acquisition would be CEO Marissa Mayer&amp;#39;s largest deal since taking the helm of the ... </description>
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<pubDate>Fri, 17 May 2013 21:06:42 -0400</pubDate>
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<title>STXNEWS LATAM-CSN still considering purchase of Thyssens Steel America unit</title>
<description>RIO DE JANEIRO |          Fri May 17, 2013 9:04pm EDT
RIO DE JANEIRO May 17 (Reuters) - Brazilian steelmaker CSN, or Cia Siderrgica Nacional SA, is still evaluating the possible purchase of the Steel Americas unit of ThyssenKrupp AG, the company said in a regulatory filing late Friday.
CSN has made no binding bids or agreements regarding the possible purchase, the company added. Earlier this ... </description>
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<pubDate>Fri, 17 May 2013 21:04:22 -0400</pubDate>
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<title>Tech labor brandish dueling studies in U.S. immigration fight</title>
<description>WASHINGTON (Reuters) - The technology industry and organized labor are locked in a fight that threatens to complicate the U.S. Senate&amp;#039;s immigration ... </description>
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<pubDate>Fri, 17 May 2013 20:21:57 -0400</pubDate>
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<title>UPDATE 1-LATAM Airlines Argentina unit halts ops until Saturday on provider woes</title>
<description>Fri May 17, 2013 7:36pm EDT
SANTIAGO May 17 (Reuters) - LATAM Airlines Group SA  said its Argentina unit was  halting all of its flights in the country until 1330 GMT on Saturday after a state company unilaterally decided to stop providing services to the airline.
Intercargo provides Latin America&amp;#39;s biggest carrier with ramps at Argentine airports, loads suitcases and manages passenger buses ... </description>
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<pubDate>Fri, 17 May 2013 19:36:47 -0400</pubDate>
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<title>Seattles Tableau goes from bedroom startup to Wall Street darling</title>
<description>The data-visualization company burst onto the public markets Friday with a steller public offering, jumping 64 percent to close at $50.75, up from its initial $31 price.  Nearly 100 employees were in New York to celebrate while parties were held at its offices, including its headquarters in Fremont.  Ten years earlier the future wasn&amp;#039;t so clear, though Chief Executive Christian Chabot always ... </description>
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<pubDate>Fri, 17 May 2013 19:36:15 -0400</pubDate>
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<title>This Week on Wall Street 517</title>
<description>BOSTON (CBS) &amp;ndash; How high can the markets go? Dave Caruso from Coastal Capital in Danvers looks into that question as he reviews the Week on Wall Street, with WBZ&amp;#039;s Anthony ... </description>
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<pubDate>Fri, 17 May 2013 19:25:44 -0400</pubDate>
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<title>The scandal beneath the fold the need for reform on Wall Street</title>
<description>Sen. Sherrod Brown, D-Ohio, joins The Cycle to talk about one of the issues that&amp;#039;s been held in captivity in D.C. for much longer than other scandals: Wall Street ... </description>
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<pubDate>Fri, 17 May 2013 19:23:13 -0400</pubDate>
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<title>Target goes hunting in Silicon Valley following Wal-Mart</title>
<description>By Alistair Barr
SAN FRANCISCO |          Fri May 17, 2013 7:13pm EDT
SAN FRANCISCO May 17 (Reuters) - Target Corp said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. retailer grow its online commerce business.
Target&amp;#39;s Technology Innovation Center is run by David Newman, an executive who spent six years at the online ... </description>
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<pubDate>Fri, 17 May 2013 19:13:50 -0400</pubDate>
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<title>Wall Streets Record-Breaking Week</title>
<description>The S&amp;amp;P 500 also closed the week at an all-time high. Like the Dow, the S&amp;amp;P is up just about 17 percent this year. &amp;nbsp;The S&amp;amp;P has also been up 17 of the last 21 ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214592809/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 19:09:30 -0400</pubDate>
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<title>Former Hialeah Mayor Julio Robaina Bonds Out Of Jail</title>
<description>MIAMI (CBSMiami) &amp;ndash;Former Hialeah Mayor Julio Robaina and his wife Raiza have bonded out of jail after they surrendered to federal authorities Friday and made their first court appearance.  The Robainas are charged with fraud, conspiracy and falsifying documents and made their first court appearance shackled at the hands and feet.  Julio, 48, received a $250,000 surety bond and Raiza, 39, ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214593571/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 19:08:29 -0400</pubDate>
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<title>US STOCKS-Dow SP end at records stocks mark 4th week of gains</title>
<description>* JPMorgan lifts S&amp;amp;P 500 year-end target to 1,715  * Nasdaq closes at highest since October 2000  * JCPenney shares drop after earnings  * Tableau Software surges in first day of trade  * Dow up 0.8 percent, S&amp;amp;P 500 up 1 percent, Nasdaq up 1  percent  ... </description>
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<pubDate>Fri, 17 May 2013 19:00:19 -0400</pubDate>
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<title>US stocks blaze to new record highs</title>
<description>US stocks closed out another week of new record highs on Friday as investors focused on the positive side of mixed economic news and corporate earnings.
Retail sales barely budged higher in April and jobless claims rose, but permits to build housing soared and consumer inflation remained tame, data showed.
A pair of better-than-expected reports on Friday - on consumer confidence and the economic ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214592805/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:47:15 -0400</pubDate>
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<title>China deal ends distraction but not questions for Caterpillar</title>
<description>Reuters &amp;copy; The company logo is seen on top of a building, where Caterpillar (China) Investment Co., Ltd. is located, in Beijing, January 22, 2013. REUTERS/Jason ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591646/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:31:24 -0400</pubDate>
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<title>Amazon kills Zombieland TV project backs Alpha House</title>
<description>By Alistair Barr
SAN FRANCISCO |           Fri May 17, 2013 6:22pm EDT
SAN FRANCISCO May 17 (Reuters) - Amazon.com Inc  decided not to turn pilot project &amp;#34;Zombieland&amp;#34; into a full TV series, but is going ahead with  &amp;#34;Alpha House,&amp;#34; as the world&amp;#39;s largest online retailer enters the next stage of its foray into original video creation.
&amp;#34;Zombieland&amp;#34; writer and producer ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214593668/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:22:53 -0400</pubDate>
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<title>Wall Street Beat Market stokes tech IPOs as Tableau and Marketo debut</title>
<description>IDG News Service - A strong stock market could open the floodgates for more tech IPOs in the wake of Friday&amp;#039;s solid debut of Marketo and Tableau, but not all segments of IT may be able to ride the wave.  Marketo, which sells cloud-based marketing software, jumped 78 percent to close at US$23.10, up $10.10 from its opening on the Nasdaq. Tableau, a business intelligence and data visualization ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591650/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:19:47 -0400</pubDate>
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<title>Strong economic data pushes US stocks to new records</title>
<description>Stocks closed higher for a fourth straight week. Indexes are at record levels after surging this year on optimism about the economy and record corporate ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591652/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:16:06 -0400</pubDate>
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<title>Passengers in Wall Street ferry crash file 37 lawsuits</title>
<description>1 of 2. New York City emergency responders investigate a commuter ferry crash that occurred during the morning rush in New York, in this January 9, 2013 file photo.Passengers aboard the high-speed commuter ferry, which crashed while docking near Wall Street have filed 37 lawsuits against boat owner Seastreak LLC, seeking as much as $45 million ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591656/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:08:12 -0400</pubDate>
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<title>UPDATE 3-Obama budget cuts deficit $1.1 trillion over decade -CBO</title>
<description>Fri May 17, 2013 6:07pm EDT
* Deficits rise slightly through 2015 under Obama&amp;#39;s plan
* White House budget savings claims reduced in CBO estimate
By David Lawder
WASHINGTON, May 17 (Reuters) - Near-term U.S. deficits under President Barack Obama&amp;#39;s 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but $1.1 trillion lower than what it estimates ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214593667/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:07:26 -0400</pubDate>
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<title>US stocks rise on hopeful signs for the US economy market rises for a fourth week straight</title>
<description>NEW YORK, N.Y. - Encouraging news about the U.S. economy is extending the stock market&amp;#039;s rally.  U.S. stock indexes rose for the fourth week in a row and are at record levels.  A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence.  The Dow Jones industrial average rose 121 points to close at 15,354 Friday, an increase of 0.8 per ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591660/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:03:13 -0400</pubDate>
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<title>UPDATE 3-SAC Capital wont fully cooperate with govt -letter</title>
<description>Fri May 17, 2013 6:02pm EDT
By Emily Flitter and Katya Wachtel
NEW YORK May 17 (Reuters) - Steven A. Cohen&amp;#39;s hedge fund SAC Capital Advisors told investors on Friday it would no longer cooperate &amp;#34;unconditionally&amp;#34; with the U.S. government&amp;#39;s insider trading investigation.
In a brief letter to investors, the $15 billion hedge fund did not elaborate but said it believes the next few ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214593666/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:02:53 -0400</pubDate>
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<title>Treasury Secretary Told of IRS Probe in March Learned Details Last Week</title>
<description>May 17, 2013 5:52pm Treasury Secretary Jack Lew was first informed in March that there was an investigation into the IRS&amp;rsquo; screening of nonprofit groups, but did not learn the details of that probe until last week, he said today.  &amp;#039;;In mid March, I had had a conversation, just a getting-to-know-you conversation, with the inspector general right after I started, and he went through a ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591719/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 18:00:45 -0400</pubDate>
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<title>CORRECTED-Bechtel revenue grows 15 pct in 2012 backlog shrinks</title>
<description>Fri May 17, 2013 5:58pm EDT
(Corrects contract award figure in 2nd paragraph to $23.9 bln, not $23 bln)
May 17 (Reuters) - Bechtel, the largest U.S. engineering company, said on Friday that its revenue grew by 15 percent in 2012, though its backlog of projects declined by 12 percent to $92 billion.
The company&amp;#39;s $37.9 billion in 2012 revenue came alongside contract awards of $23.9 billion, or ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214593665/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:58:35 -0400</pubDate>
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<title>Divided Europe veers between urgent growth and bleak austerity</title>
<description>Angela Merkel &amp;#039;s pro-austerity policies soon after becoming president in May last year, blamed the tough cutbacks regime imposed on troubled economies for much of Europe&amp;#039;s economic problems.  &amp;quot;What is hitting Europe is a recession ... provoked by the austerity policy,&amp;quot; Hollande said at a Paris news conference.  The president was especially keen to pin the blame on European ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591887/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:56:03 -0400</pubDate>
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<title>Energy Dept. approves natural gas export catalyst</title>
<description>The U.S. Department of Energy has approved a $10 billion natural gas exporting facility in Texas that has significant economic implications, manufacturers say.  The project called the Freeport LNG facility was &amp;quot;not inconsistent with the public interest,&amp;quot; said the Energy Department, which studied the facility&amp;#039;s &amp;quot;economic, energy security, and environmental impacts.&amp;quot;  The ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591819/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:55:57 -0400</pubDate>
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<title>US Midwest gasoline pump prices surge on tight refinery supplies</title>
<description>By Brendan O&amp;#39;Brien
MILWAUKEE |          Fri May 17, 2013 5:55pm EDT
MILWAUKEE Wis. May 17 (Reuters) - Retail gasoline prices hit all-time highs on Friday in several U.S. Midwestern cities due to maintenance and outages at refineries in the region resulting in a tightening of supplies, according to industry analysts.
The price of a gallon of gasoline hit a record $4.32 in Minneapolis; $4.02 in ... </description>
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<pubDate>Fri, 17 May 2013 17:55:38 -0400</pubDate>
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<title>UPDATE 1-US judge revives Dexias mortgage lawsuit vs JPMorgan</title>
<description>Fri May 17, 2013 5:44pm EDT
* Judge says lacked jurisdiction to hear case
* 99 pct of potential $774 mln damages had been tossed
* Dexia lawsuit returned to NY state court where it began
By Jonathan Stempel
May 17 (Reuters) - A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase and Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion of troubled ... </description>
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<pubDate>Fri, 17 May 2013 17:44:08 -0400</pubDate>
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<title>UPDATE 1-California budget watchdog says governors outlook too dim</title>
<description>Fri May 17, 2013 5:34pm EDT
By Jim Christie
SAN FRANCISCO May 17 (Reuters) - California&amp;#39;s budget watchdog criticized Governor Jerry Brown&amp;#39;s outlook for the state&amp;#39;s revenues as &amp;#34;too pessimistic&amp;#34; in a report on Friday, saying his revised budget plan fails to account for tax revenues to be reaped from the stronger stock market.
&amp;#34;We do not agree with the administration&amp;#39;s ... </description>
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<pubDate>Fri, 17 May 2013 17:34:14 -0400</pubDate>
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<title>Americas Cup sailing suspended for review of boats and dangers</title>
<description>By Ronnie Cohen and Noel Randewich
SAN FRANCISCO |           Fri May 17, 2013 5:31pm EDT
SAN FRANCISCO May 17 (Reuters) - Clouds hung over the America&amp;#39;s Cup sailing regatta on Friday  after investigators asked the teams to temporarily halt practicing on blustery San Francisco bay following a deadly accident last week.
Organizers have said races will go ahead in July, despite growing public ... </description>
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<pubDate>Fri, 17 May 2013 17:31:50 -0400</pubDate>
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<title>Puerto Rico to cut govt bank loan portfolio to bolster finances</title>
<description>SAN JUAN |           Fri May 17, 2013 5:22pm EDT
SAN JUAN May 17 (Reuters) - Puerto Rico plans to cut by as much as a third the $9.1 billion loan portfolio at its Government Development Bank as a way to bolster finances of the key lender to local governments and authorities on the Caribbean island, officials said Friday.
The reduction in the commonwealth-owned GDB&amp;#39;s loan assets would include ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591912/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:22:35 -0400</pubDate>
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<title>Plaintiffs in Mexico Yahoo case say will appeal court ruling</title>
<description>Reuters &amp;copy; The Yahoo logo is shown at the company&amp;#039;s headquarters in Sunnyvale, California April 16, 2013. The company will release its quarterly results on Tuesday. REUTERS/Robert ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590706/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:22:19 -0400</pubDate>
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<title>Top Ten MarketWatch’s top 10 stories May 13 - 17</title>
<description>terms of use . Historical and current end-of-day data provided by SIX Financial Information. Intraday data delayed per exchange requirements. S&amp;amp;P/Dow Jones Indices (SM) from Dow Jones &amp;amp; Company, Inc. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More information ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591365/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:15:50 -0400</pubDate>
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<title>How the Dow Jones industrial average fared Friday</title>
<description>Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday.The news on the U.S. economy gave investors little to get excited about. Applications for unemployment benefits rose last week and manufacturing slowed in the mid-Atlantic region. Wal-Mart Stores sank after warning of weaker earnings ahead.The Dow Jones industrial average ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591247/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:14:55 -0400</pubDate>
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<title>UPDATE 1-High-yield bond funds see lower demand after record rally</title>
<description>Fri May 17, 2013 5:10pm EDT
By Sam Forgione
NEW YORK May 17 (Reuters) - Investors worldwide cut back on commitments to high-yield &amp;#34;junk&amp;#34; bond funds in the latest week, giving just $100 million to the funds globally after committing over $1 billion the prior week, according to Bank of America Merrill Lynch.
The sharp drop in demand in the week ended May 15 came amid record-high prices on ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214592514/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:10:41 -0400</pubDate>
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<title>China to issue 20b yuan in 50-yr T-bonds</title>
<description>/enpproperty--&amp;gt; BEIJING - The Ministry of Finance (MOF) announced Friday that it will issue 20 billion yuan ($3.23 billion) in 50-year book-entry treasury bonds.  The issuance marks the ministry&amp;#039;s tenth issuance of book-entry treasury bonds this year, according to a statement posted on the MOF website.  The interest rate for the bonds is fixed at 4.24 percent.  Interest will be paid every ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590678/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:10:16 -0400</pubDate>
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<title>UPDATE 2-Sacramento Kings owners reach deal to sell team to local investors</title>
<description>Fri May 17, 2013 5:05pm EDT
By Eric M. Johnson
May 17 (Reuters) - The owners of the Sacramento Kings basketball franchise have struck a tentative deal to sell the California team to local investors after the National Basketball Association denied a proposal to move the team to Seattle, Sacramento Mayor Kevin Johnson said on Friday.
The deal by an investor group led by tech developer and ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591768/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:05:46 -0400</pubDate>
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<title>DirecTV interested in buying video website Hulu -source</title>
<description>By Liana B. Baker
Fri May 17, 2013 5:05pm EDT
May 17 (Reuters) - The largest U.S. satellite video provider, DirecTV, is one of the companies considering a bid for online video website Hulu, according to a source familiar with the situation.
The person acknowledged that other parties were involved, adding that DirecTV was &amp;#34;one of many&amp;#34; suitors. Media reports have previously identified Time ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214592512/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:05:05 -0400</pubDate>
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<title>COMMODITIES-Up broadly on strong US economic data gold slumps</title>
<description>* Oil, copper up on strong US consumer sentiment, stock market
* Corn up too on less sales by farmers focused on planting
* Gold at 1-month low as Fed pressured to end US stimulus
By Barani Krishnan
NEW YORK, May 17 (Reuters) - Oil and copper prices ended up on Friday after stronger U.S. economic data and a stock market rally while corn rose on less crop sales by farmers, pushing commodities ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591654/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 17:02:39 -0400</pubDate>
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<title>UPDATE 2-U.S. Treasury gears up to buy time under reimposed debt cap</title>
<description>Fri May 17, 2013 4:59pm EDT
* Treasury set to halt federal pension fund investments
* May also tap exchange rate fund to avoid default
* Treasury says will be able to pay bills into September
By Margaret Chadbourn
WASHINGTON, May 17 (Reuters) - The Obama administration on Friday notified Congress it was prepared to take a series of steps to free up about $260 billion so it can keep paying the ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591714/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:59:53 -0400</pubDate>
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<title>CANADA FX DEBT-C$ ends near 2-month low on weak inflation data</title>
<description>* C$ ends at C$1.0291 vs US$, or 97.17 U.S. cents  * Weak Canadian inflation means no rate hike on horizon  * US$ strengthens near 10-mth high on Fed QE debate  * Bond prices mixed  By Andrea Hopkins  TORONTO, May 17 (Reuters) - The Canadian dollar closed  weaker against its U.S. counterpart on Friday after touching its  softest level in more than two months on inflation data that was  both far ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591379/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:57:23 -0400</pubDate>
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<title>UPDATE 3-Syria government supporters hack Financial Times</title>
<description>Fri May 17, 2013 4:53pm EDT
* Headlines sabotaged, link posted to execution video
* Latest in series of hacker attacks on news media
By Jim Finkle and Jennifer Saba
May 17 (Reuters) - The Financial Times&amp;#39; website and Twitter feeds were hacked on Friday, renewing questions about whether the popular social media service has done enough to tighten security as cyber-attacks on the news media ... </description>
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<pubDate>Fri, 17 May 2013 16:53:07 -0400</pubDate>
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<title>The Office finale draws season high of 5.7 million viewers</title>
<description>LOS ANGELES |          Fri May 17, 2013 5:47pm EDT
LOS ANGELES (Reuters) - The finale of NBC&amp;#39;s &amp;#34;The Office&amp;#34; drew a season high of 5.7 million viewers, as fans tuned in to see the show&amp;#39;s biggest star Steve Carell return for a wedding and nostalgic farewell.
The 75-minute finale episode, which aired from 9 p.m. to 10:15 p.m EDT after an hour-long retrospective featuring cast members ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591767/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:52:57 -0400</pubDate>
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<title>CANADA STOCKS-TSX rises as gold miners lone sore spot</title>
<description>* TSX rises 105.45 points, or 0.84 percent, at 12,613.05
* Nine of 10 main sectors advance; materials lag
* Decent U.S. data, possible end to easing aids confidence
* RBC biggest positive influence, up almost 2 percent
* Fed warns BMO on anti-money laundering; stock up
By Alastair Sharp
TORONTO, May 17 (Reuters) - Canada&amp;#39;s main stock index rose on Friday as robust economic data helped drive ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591949/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:48:26 -0400</pubDate>
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<title>Russia to test drones to monitor wildlife and track poachers</title>
<description>Officials say they&amp;#039;ll test unmanned aerial vehicles at a nature reserve on Russia&amp;#039;s Pacific coast this summer to monitor wildlife and crack down on poachers.  &amp;quot;UAVs are silent and can fly at a very low altitude to produce high-resolution imagery and detect poachers, their boats and vehicles,&amp;quot; Alexandra Filatkina, deputy director for development at the Kronotsky nature reserve ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590696/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:44:36 -0400</pubDate>
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<title>Long USD bets rise to 11-month high in latest week-CFTC</title>
<description>NEW YORK, May 17 (Reuters) - Currency speculators increased  their bets in favor of the U.S. dollar to the highest in 11  months in the latest week, according to data from the Commodity  Futures Trading Commission released on Friday.  The value of ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591362/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:40:19 -0400</pubDate>
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<title>UPDATE 2-Transocean chairman voted out $2.24shr dividend backed</title>
<description>By Alice Baghdjian  ZUG, Switzerland, May 17 (Reuters) - Transocean Ltd  said shareholders voted out Chairman Michael Talbert at the  annual meeting on Friday and backed a nominee of activist  investor Carl Icahn to replace him on the board of ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591361/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:40:19 -0400</pubDate>
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<title>GLOBAL MARKETS-US dollar soars stocks set new highs on Fed QE exit talk</title>
<description>* Fed&amp;#39;s Williams says stimulus reduction could start this summer
* U.S. consumer sentiment rises to nearly six-year high
* U.S. dollar index hits nearly three-year high
* Dow, S&amp;P 500 surge to record closing highs
By Herbert Lash
NEW YORK, May 17 (Reuters) - The U.S. dollar soared against major currencies on Friday on growing speculation that the Federal Reserve could soon begin to rein in ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590366/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:26:31 -0400</pubDate>
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<title>UPDATE 1-Speculators turn bearish on U.S. 10-year notes-CFTC</title>
<description>Fri May 17, 2013 4:19pm EDT
NEW YORK May 17 (Reuters) - Speculators turned bearish on U.S. 10-year Treasury note futures in the latest week after an unexpected rise in April retail sales suggested underlying strength in the U.S. economy, according to Commodity Futures Trading Commission data released on Friday.
The amount of bearish, or short, positions in 10-year Treasury futures from ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591377/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:19:17 -0400</pubDate>
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<title>UPDATE 3-U.S. natgas futures end up sharply on late buying spree</title>
<description>* Futures end higher, nearly erasing Thursday&amp;#39;s steep slide
* Moderate weather not seen stirring much demand
By Joe Silha
NEW YORK, May 17 (Reuters) - U.S. natural gas futures ended up sharply on Friday, backed by a late flood of buying ahead of the weekend despite fairly neutral weather forecasts that are not likely to stir up much demand.
Gas prices sold off sharply on Thursday, sinking ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591376/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:16:30 -0400</pubDate>
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<title>UPDATE 1-US FCC nominee Wheeler will divest holdings if confirmed</title>
<description>Fri May 17, 2013 4:07pm EDT
WASHINGTON May 17 (Reuters) - Tom Wheeler, nominated to become the new chairman of the Federal Communications Commission, pledged to divest stakes in AT&amp;T Inc, Dish Network Corp, Google Inc and dozens of other tech and telecoms companies if he is confirmed.
Divestments are common for nominees to avoid conflicts of interest. Wheeler&amp;#39;s plan was disclosed in an ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590486/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:07:55 -0400</pubDate>
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<title>CANADA STOCKS-TSX ends week on high note as banks energy stocks sing</title>
<description>TORONTO, May 17 (Reuters) - The main Canadian stock index ended higher on Friday as strong performances from some heavyweight banking and energy stocks minimized the damage from gold miners stung by bullion&amp;#39;s continued decline.
The Toronto Stock Exchange&amp;#39;s S&amp;P/TSX composite index  unofficially closed up 105.45 points, or 0.84 percent, at 12,613.05. It gained 0.2 percent for the ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590455/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 16:06:53 -0400</pubDate>
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<title>TECO GreTai and HSBC to issue yuan-denominated Bao Dao Bonds</title>
<description>TAIPEI, Taiwan -- TECO Electric and Machinery (TECO,????) is set to issue Taiwan&amp;#039;s second renminbi-denominated bond from corporate issuer GreTai (over the counter market, ????) next Monday with the help of HSBC ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214589144/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:57:48 -0400</pubDate>
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<title>TREASURIES-Prices fall on improved consumer sentiment</title>
<description>Fri May 17, 2013 3:54pm EDT
* Early May U.S. consumer sentiment highest in almost six years
* April leading indicators point to growth
* Treasuries could stay range bound in coming sessions
By Ellen Freilich
NEW YORK, May 17 (Reuters) - Prices for U.S. Treasuries fell on Friday after data showed consumers grew more optimistic in May and an index of leading indicators pointed to economic growth ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591373/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:54:47 -0400</pubDate>
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<title>FOREX-Dollar tops 103 yen a 4-12-year high on robust U.S. data</title>
<description>Fri May 17, 2013 3:52pm EDT
* U.S. consumer sentiment buoys dollar
* Dollar gains for third week vs the yen
* Rise in Treasury yields also boosts dollar
NEW YORK, May 17 (Reuters) - The dollar rallied across the board on Friday, topping the 103-yen level as it hit a 4-1/2-year high against the Japanese currency, after data showing a robust rebound in U.S. consumer sentiment prompted investors to ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591372/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:52:15 -0400</pubDate>
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<title>UPDATE 2-After tough week Obama tries to change the subject to jobs</title>
<description>Fri May 17, 2013 3:51pm EDT
* Strategist Lehane: trip gets Obama &amp;#34;out of the bunker&amp;#34;
* Obama wants to cut red tape for big construction projects
* Trip could draw attention to Keystone XL pipeline delay
By Roberta Rampton and Mark Felsenthal
BALTIMORE, May 17 (Reuters) - President Barack Obama on Friday sought to turn the spotlight from controversies threatening to swamp his agenda back ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590725/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:51:46 -0400</pubDate>
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<title>Deals of the day -- mergers and acquisitions</title>
<description>Fri May 17, 2013 3:47pm EDT
May 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
** Private equity firm Sun Capital Partners is exploring the sale of Emerald Performance Materials, a specialty chemicals company that could be worth more than $700 million, according to four sources familiar with the matter.
** U.S.-insurer New York Life is ... </description>
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<pubDate>Fri, 17 May 2013 15:47:47 -0400</pubDate>
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<title>Two states say 2014 Obamacare insurance costs on low side</title>
<description>(Reuters) - In a boost for President Barack Obama&amp;#039;s healthcare reform law, two states in the Northwest said on Friday that insurance companies submitted applications to sell policies on the states&amp;#039; health insurance exchanges at rates well below what some insurance executives had ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214589195/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:45:42 -0400</pubDate>
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<title>MOVES-BMO Capital Markets</title>
<description>Fri May 17, 2013 3:44pm EDT
May 17 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email to moves@thomsonreuters.com.
BMO CAPITAL MARKETS
The investment and corporate banking arm Of Canada&amp;#39;s BMO Financial Group appointed Gregory Anderson as the global head of FX Strategy. Anderson will be based in New York. The ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591370/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:44:55 -0400</pubDate>
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<title>UPDATE 1-Argentina economy grew 2.6 pct in March vs year ago</title>
<description>Fri May 17, 2013 3:44pm EDT
BUENOS AIRES May 17 (Reuters) - Argentina&amp;#39;s economic activity grew 2.6 percent in March from a year earlier and expanded 0.7 percent versus February, the national statistics institute said on Friday.
The official year-on-year rate beat the 2.3 percent median growth forecast in a Reuters poll of 10 analysts, whose estimates ranged from 0.6 percent to 3.1 ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591369/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:44:22 -0400</pubDate>
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<title>UPDATE 3-Oil price probe widens US senator wants Justice Dept help</title>
<description>Fri May 17, 2013 3:42pm EDT
* Source says Dutch trader Argos Energies being investigated
* Sen. Wyden calls for Justice Dept to look at US price impact
* Finnish refiner Neste Oil says asked for information
* Oil market liquidity not affected -Platts
By Simon Falush and Timothy Gardner
LONDON/WASHINGTON, May 17 (Reuters) - A European probe into possible oil price manipulation expanded with the ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590485/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:42:54 -0400</pubDate>
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<title>UPDATE 2-US House votes for more scrutiny of economic impact of SEC rules</title>
<description>Fri May 17, 2013 3:42pm EDT
By Sarah N. Lynch
WASHINGTON May 17 (Reuters) - A divided U.S. House of Representatives on Friday passed a Republican-sponsored bill that would force federal securities regulators to conduct more economic analysis before adopting rules for Wall Street.
The bill, which is not expected to make it to the Democrat-controlled U.S. Senate floor for a vote, passed largely ... </description>
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<pubDate>Fri, 17 May 2013 15:42:37 -0400</pubDate>
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<title>US STOCKS SNAPSHOT-SP up 1 pct as rally pushes forward</title>
<description>NEW YORK |          Fri May 17, 2013 3:40pm EDT
NEW YORK May 17 (Reuters) - U.S. stocks extended gains in late trading on Friday, with the S&amp;P 500 up 1 percent and at a fresh record high, led by growth sectors after upbeat data encouraged investors.
The Dow Jones industrial average rose 122.67 points or 0.81 percent, to 15,355.89, the S&amp;P 500 gained 16.67 points or 1.01 percent, to 1,667.14 and ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590343/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:40:38 -0400</pubDate>
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<title>Dollar climbs 1 percent vs yen to fresh 4-12 year peak</title>
<description>NEW YORK |          Fri May 17, 2013 3:37pm EDT
NEW YORK May 17 (Reuters) - The dollar climbed to a fresh 4-1/2 year peak against the yen in late afternoon New York trade on Friday after a robust rebound in U.S. consumer sentiment prompted more investors to add to bullish bets.
The dollar was last up 1 percent at 103.27 yen after going as high as 103.29 yen, its highest since October 6, 2008, ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214591366/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:37:45 -0400</pubDate>
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<title>UPDATE 1-Ex-financial adviser gets probation in muni bond case</title>
<description>Fri May 17, 2013 3:35pm EDT
By Nate Raymond
NEW YORK May 17 (Reuters) - A former chief executive of a financial firm who pleaded guilty to charges stemming from a probe into bid-rigging in the municipal bond market was sentenced to two years probation on Friday by a judge who cited his cooperation with U.S. investigators.
Martin Kanefsky, who was the chief of the now-defunct Kane Capital ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590418/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:35:21 -0400</pubDate>
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<title>Mexican homebuilder Geo says Scotiabank suing it over debt</title>
<description>MEXICO CITY |          Fri May 17, 2013 3:29pm EDT
MEXICO CITY May 17 (Reuters) - Mexican homebuilder Geo  said on Friday the Mexican branch of Canadian lender Bank of Nova Scotia has begun legal proceedings to seek payments it is owed.
Geo, which is struggling with weak home sales, said the payments to Scotiabank were worth less than 0.5 percent of the debt the company is trying to restructure, ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590688/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:29:00 -0400</pubDate>
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<title>Investors dump Double B names as rates spike higher</title>
<description>By Danielle Robinson and Joy Ferguson
Fri May 17, 2013 3:10pm EDT
NEW YORK, May 17 (IFR) - If anyone needed evidence that parts of the high-yield bond market no longer offer protection against rising interest rates, then they received it this week, when the highest quality, longest dated new issues suffered losses of as much as two points in dollar price.
Ball Corp&amp;#39;s recently issued US$1bn ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590081/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:10:28 -0400</pubDate>
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<title>California approves Tesoros buy of BP refinery</title>
<description>WASHINGTON |          Fri May 17, 2013 3:04pm EDT
WASHINGTON May 17 (Reuters) - U.S. refiner Tesoro Corp  has received formal approval from California&amp;#39;s attorney general to buy a BP Plc refinery for more than $2 billion.
Attorney General Kamala Harris said her office and the California Energy Commission would monitor gas prices, volume and refinery capacity. A deal with the company also ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214589798/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:04:48 -0400</pubDate>
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<title>UPDATE 3-US ends freeze on new natural gas exports approves Texas terminal</title>
<description>Fri May 17, 2013 7:02pm EDT
* Freeport first project approved since 2011
* Manufacturers concerned about unlimited gas exports
* Still unclear when DOE will act on other projects
* DOE says applications decided on case-by-case basis
* Lawmaker says more debate needed on gas exports
By Ayesha Rascoe
WASHINGTON, May 17 (Reuters) - The Obama administration opened the door to a new era of U.S. energy ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214592933/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 15:04:29 -0400</pubDate>
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<title>A</title>
<description>Fri May 17, 2013 2:57pm ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590078/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:57:09 -0400</pubDate>
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<title>Treasury Secretary Lew says administration will start procedures to avoid defaulting on debt</title>
<description>WASHINGTON  - Treasury Secretary Jacob Lew is telling Congress that the administration will begin taking steps next week to avoid a default on the nation&amp;#039;s debt until Congress votes to raise the government&amp;#039;s borrowing limit.  Lew said those measures should provide enough maneuvering room to let the government keep borrowing until after Labor Day. Private economists have estimated that ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587676/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:56:44 -0400</pubDate>
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<title>Marketo jumps in 1st day trading on Nasdaq</title>
<description>NEW YORK --  Shares of Marketo, a provider of cloud-based marketing software, leaped in their trading debut on Friday.The stock rose $7.70, or 59.2 percent, to $20.70 in afternoon trading. The shares were priced at $13, at the high end of the expected range of $11 to $13 per share. The broader markets rose just under 1 percent.Marketo raised about $79.3 million in the offering.    The initial ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587744/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:52:25 -0400</pubDate>
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<title>UPDATE 1-CME Group sees first trade for RIN futures</title>
<description>Fri May 17, 2013 2:51pm EDT
* First trade was for 50,000 ethanol RINs
* Trade cleared at 80 cents per RIN
* Trade brokered by StarFuels Inc
NEW YORK, May 17 (Reuters) - The CME Group&amp;#39;s  newly-launched renewable identification number (RIN) futures contracts saw their first trade on Wednesday, according to a spokesman for the exchange operator.
The futures contract allows buyers to hedge their ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590077/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:51:11 -0400</pubDate>
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<title>Treasury To Begin Enacting Extraordinary Budget Measures Treasury Secretary</title>
<description>The Obama administration on Friday notified Congress it was prepared to take extraordinary steps to allow it to keep paying the nation&amp;#039;s bills once a temporary suspension in the government&amp;#039;s debt ceiling lapses this weekend. To preserve its borrowing capacity, the Treasury Department said it would use the same measures that have been used in previous debt limit impasses to continue ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587754/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:46:13 -0400</pubDate>
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<title>BRIEF-UniPixel shares down 21 pct in heavy volume</title>
<description>NEW YORK |          Fri May 17, 2013 2:44pm EDT
NEW YORK May 17 (Reuters) - UniPixel Inc :  * Shares down 21 percent in heavy ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590076/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:44:41 -0400</pubDate>
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<title>Elizabeth Warren Slams ‘Dangerous’ Legislation That Would Weaken Wall Street Reform</title>
<description>overwhelmingly approved a rollback of certain financial reforms contained in the Dodd-Frank Wall Street Reform Act, one of the Senate&amp;rsquo;s biggest consumer advocates is pushing back.  Massachusetts Sen. Elizabeth Warren (D) came out swinging against the repeal of new rules meant to regulate derivatives, the complex financial instruments that were at &amp;#039;;the center of the storm&amp;#039;; that ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587688/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:42:25 -0400</pubDate>
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<title>Unemployment rates drop in most U.S. states Illinois climbs</title>
<description>WASHINGTON |          Fri May 17, 2013 2:41pm EDT
WASHINGTON May 17 (Reuters) - Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday.
A handful of states, including Illinois, Delaware, Indiana, Wisconsin, Mississippi and New Hampshire saw their jobless rates rise over the year. ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214589976/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:41:50 -0400</pubDate>
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<title>UPDATE 4-Mexico annual growth slows sharply govt cuts forecast</title>
<description>* GDP growth 0.45 percent in 1st qtr vs 4th qtr 2012, beating forecast
* Annual growth slows to 0.8 percent, weakest since 2009
* Government lowers 2013 GDP forecast to 3.1 percent
* Economists looking for interest rate cut later
By Krista Hughes and Alexandra Alper
MEXICO CITY, May 17 (Reuters) - Mexico&amp;#39;s annual economic growth slumped in early 2013 to its weakest in three years, prompting ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590073/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:41:27 -0400</pubDate>
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<title>Feds Kocherlakota-Keep rates low until U.S. jobless rate normalizes</title>
<description>CHICAGO |          Fri May 17, 2013 2:36pm EDT
CHICAGO May 17 (Reuters) - Minneapolis Federal Reserve President Narayana Kocherlakota on Friday repeated his call for the U.S. central bank to commit to keeping short-term interest rates low until the unemployment rate &amp;#34;normalizes.&amp;#34;
The Fed has said it will keep rates near zero until unemployment falls to at least 6.5 percent, as long as ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214590074/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:36:25 -0400</pubDate>
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<title>Fed has not lowered interest rates enough Kocherlakota</title>
<description>Minneapolis Federal Reserve Bank President Narayana Kocherlakota speaks at a macro-finance conference hosted by the Boston Federal Reserve Bank and Boston University in Boston, Massachusetts November 30, ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587695/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:33:18 -0400</pubDate>
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<title>Bloomberg appoints former IBM chief to advise on data issues</title>
<description>NEW YORK (Reuters) - Bloomberg LP appointed former IBM Chairman and CEO Samuel Palmisano as an independent adviser on security and data issues, as the company seeks to address customers&amp;#039; concerns about possible breaches in the confidentiality of their usage ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587696/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:33:17 -0400</pubDate>
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<title>Wall Street rally growth stocks in command</title>
<description>Growth sectors led Wall Street&amp;#039;s advance as encouraging economic data put major US stock indexes on track to close their fourth straight week of ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587708/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:24:36 -0400</pubDate>
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<title>Yahoo Japan suspects 22 million user IDs leaked-Kyodo</title>
<description>Fri May 17, 2013 2:19pm EDT
May 17 (Reuters) - Yahoo Japan Corp said on Friday night it suspected that up to 22 million of its user IDs may have been &amp;#34;leaked&amp;#34; and it detected an unauthorized attempt to access the administrative system of its web portal Yahoo Japan, the Kyodo news agency reported.
The leaked information does not include passwords and data necessary for identity ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214588804/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:19:18 -0400</pubDate>
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<title>RPT-IPOVIEW-Tableau Marketo software IPOs soar to the cloud</title>
<description>Fri May 17, 2013 2:14pm EDT
By Sarah McBride and Olivia Oran
SAN FRANCISCO May 17 (Reuters) - Strong debuts in the initial public offerings of two business software companies on Friday underscored a pattern in the market: While consumer companies like Facebook Inc get the buzz, enterprise companies are racking up most of the market gains.
IPOs Tableau Software Inc and Marketo Inc  both soared ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214588803/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:14:56 -0400</pubDate>
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<title>UPDATE 1-Divided US House passes SEC cost-benefit analysis bill</title>
<description>Fri May 17, 2013 2:06pm EDT
By Sarah N. Lynch
WASHINGTON May 17 (Reuters) - A divided U.S. House of Representatives on Friday passed a Republican-sponsored bill that would force federal securities regulators to conduct more economic analysis before adopting rules for Wall Street.
The bill, which is not expected to make it to the Democrat-controlled U.S. Senate floor for a vote, passed largely ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214588802/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 14:06:13 -0400</pubDate>
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<title>CORRECTED-U.S. judge blocks $13 million arbitration against SunTrust</title>
<description>Fri May 17, 2013 1:52pm EDT
(Removes &amp;#34;award&amp;#34; from headline)
* Judge finds fund not a customer under FINRA rules
* Turnberry sought at least $13 mln in arbitration
* Case focused on mortgage-backed securities
By Nate Raymond
NEW YORK, May 17 (Reuters) - SunTrust Banks Inc won a court order on Friday preventing a Connecticut-based hedge fund from moving forward with a $13 million ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587792/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:52:27 -0400</pubDate>
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<title>U.S. senator seeks probe into impact of alleged EU oil price manipulation</title>
<description>WASHINGTON |          Fri May 17, 2013 1:44pm EDT
WASHINGTON May 16 (Reuters) - The chairman of the U.S. Senate&amp;#39;s energy committee asked the Justice Department on Friday to investigate whether alleged price manipulation by three oil companies in Europe has boosted fuel prices for U.S. consumers.
&amp;#34;Efforts to manipulate the European oil indices, if proven, may have already impacted U.S. ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214588800/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:44:03 -0400</pubDate>
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<title>UPDATE 1-US natgas rig count edges up from 18-yr low -Baker Hughes</title>
<description>* Gas-directed rig count climbs slightly from 18-year low
* Horizontal rigs fall for first time in three weeks
* Oil rig count drops after three straight weekly gains
NEW YORK, May 17 (Reuters) - The number of rigs drilling for natural gas in the United States rose this week by four after posting an 18-year low the previous week, stirring concerns that some producers were wading in to dry gas ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214588476/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:39:56 -0400</pubDate>
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<title>Energy Stocks Energy stocks rebound look set for weekly gain</title>
<description>SAN FRANCISCO (MarketWatch) -- Energy stocks rose Friday, shaking off recent weakness and looking set to end the week with a gain of more than ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214586151/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:38:33 -0400</pubDate>
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<title>U.S. Treasury tells Congress it has more time under debt ceiling</title>
<description>WASHINGTON |          Fri May 17, 2013 1:30pm EDT
WASHINGTON May 17 (Reuters) - The Obama administration on Friday notified Congress it was prepared to take extraordinary steps to allow it to keep paying the nation&amp;#39;s bills once a temporary suspension in the government&amp;#39;s debt ceiling lapses this weekend.
To preserve its borrowing capacity, the Treasury Department said it would use the same ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587793/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:30:35 -0400</pubDate>
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<title>UPDATE 1-Tesla Motors raises more than $1 billion from debt equity</title>
<description>Fri May 17, 2013 1:30pm EDT
By Stephen Lacey
May 17 (IFR) - Tesla Motors has upsized its debt and equity offerings, as the electric car maker capitalizes on surging investor demand to raise more than $1 billion in cash.
The US company late Thursday increased the size of the convertible bond offering to $600 million, after increasing it earlier that day to $525 million from an initial $450 ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214588796/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:30:31 -0400</pubDate>
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<title>U.S. lifts sanctions on Iraq bank that had links to Iran</title>
<description>WASHINGTON |          Fri May 17, 2013 1:19pm EDT
WASHINGTON May 17 (Reuters) - The United States said on Friday it had allowed an Iraqi bank to again conduct business with the U.S. financial system after the bank showed it was no longer helping Iran evade financial sanctions.
Iraq&amp;#39;s Elaf Islamic Bank was first blacklisted by the United States last year for knowingly doing business with the ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214588035/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:19:53 -0400</pubDate>
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<title>New Jersey moves toward online gambling with proposed regulations</title>
<description>initial Internet gaming permit fee of $400,000, and an annual fee of $250,000 for resources for problem gambling.   The Division of Gaming Enforcement said publication of the regulations will be followed by a 60-day comment period through August 2.   Final adoption will follow a review and response to comments. The date for the start of online wagering will be announced at least 45 days prior to ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214586331/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:17:47 -0400</pubDate>
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<title>Fitch Takes Various Rating Actions on Enhanced Municipal Bonds and TOBs</title>
<description>NEW YORK--(BUSINESS WIRE)--      Fitch Ratings has taken various conforming rating actions on enhanced  municipal bonds and tender option bonds (TOBs) corresponding to actions  taken on their associated enhancement providers or underlying bonds.      Long-term ratings on enhanced municipal bonds may be higher than those  of their enhancement providers as discussed in Fitch&amp;#039;s &amp;#039;Dual-Party ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587382/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:17:39 -0400</pubDate>
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<title>U.S. FTC OKs Tesoro purchase of BP Calif. refinery assets</title>
<description>Fri May 17, 2013 1:17pm EDT
May 17 (Reuters) - The U.S. Federal Trade Commission on Friday said it approved Tesoro Corp&amp;#39;s purchase of BP Plc&amp;#39;s 240,000 barrel per day Los Angles area refinery and other assets in a 3-0 vote.
The commission found the deal would not substantially lessen competition among seven refiners for gasoline in California, the nation&amp;#39;s largest gasoline ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214588646/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:17:21 -0400</pubDate>
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<title>Moodys raises St. Louis Missouri airport rev bonds to A3</title>
<description>Fri May 17, 2013 1:16pm EDT
May 17 (Reuters) - Moody&amp;#39;s Investors Service said on Friday it raised St. Louis, Missouri&amp;#39;s airport revenue bonds to A3 from Baa1, affecting $803 million of debt.
The upgrade reflects the airports improved credit strength which includes improved debt-service coverage, the credit ratings agency said in a ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214588795/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:16:32 -0400</pubDate>
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<title>U.S. authorities seize accounts of major Bitcoin operator</title>
<description>By Brett Wolf  ST. LOUIS, May 17 (Thomson Reuters Accelus) - U.S. authorities have seized two accounts linked to a major operator in the booming Bitcoin digital currency market, Tokyo-based exchange Mt. Gox. The move may prevent the firm ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214586221/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:14:16 -0400</pubDate>
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<title>MarketWatch First Take The endangered Wall Street bonus system</title>
<description>SAN FRANCISCO (MarketWatch) -- The pay crunchers over at Johnson &amp;amp; Associates are out with their latest forecast for year-end bonuses on Wall ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214586163/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 13:11:24 -0400</pubDate>
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<title>Foxs American Idol brings in record low TV audience</title>
<description>LOS ANGELES |           Fri May 17, 2013 12:47pm EDT
LOS ANGELES May 17 (Reuters) - The number of Americans who watched vocal powerhouse Candice Glover win the &amp;#34;American Idol&amp;#34; title sank to 14.2 million, a decline of 31 percent from last year&amp;#39;s record low, according to ratings data on Friday.
The singing competition, now in Season 12, was once a TV industry juggernaut for Fox that ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214586543/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 12:47:45 -0400</pubDate>
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<title>UPDATE 1-Investment grade Turkey hopes for and fears more investment</title>
<description>Fri May 17, 2013 12:43pm EDT
By Sujata Rao
LONDON May 17 (Reuters) - The coveted investment grade rating has arrived in Turkey and foreign capital may follow - possibly a lot of it. But here&amp;#39;s the multi-million lira question: What kind of cash will it be?
What Turkey desperately wants is long-term bricks-and-mortar investment into factories and infrastructure.
What it is more likely to get ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214586336/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 12:43:59 -0400</pubDate>
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<title>Fitch cuts Slovenian sovereign rating to BBB-plus</title>
<description>NEW YORK |           Fri May 17, 2013 12:41pm EDT
NEW YORK May 17 (Reuters) - Fitch on Friday cut Slovenia&amp;#39;s long-term foreign currency rating to BBB-plus from A-minus and warned more cuts could be on the way as worries remain over whether the country&amp;#39;s shaky banking sector could help prompt a bailout request.
The outlook remains negative, Fitch said in a statement.
&amp;#34;There remains a ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587379/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 12:41:09 -0400</pubDate>
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<title>Auto stocks lead European shares to 4th straight weekly gain</title>
<description>Fri May 17, 2013 12:39pm EDT
* FTSEurofirst 300 up 0.2 pct, Euro STOXX 50 up 0.4
* Indexes up for 4th consecutive week
* U.S. data pushes FTSEurofirst 300 to new 5-yr high
* Auto stocks lead cyclical rally after sales increase
By Francesco Canepa
LONDON, May 17 (Reuters) - A rally in auto stocks and strong U.S. data helped European shares set a 5-year high on Friday and record their fourth ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214586271/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 12:39:14 -0400</pubDate>
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<title>UPDATE 2-Chiles finance minister says economy in mild slowdown</title>
<description>Fri May 17, 2013 12:31pm EDT
* Domestic demand moderating, inflation below target
* Central bank held rate at 5 pct Thursday, flagged slowdown
* Some analysts now see rate cuts this year
SANTIAGO, May 17 (Reuters) - Chile&amp;#39;s relatively small, export-dependent economy is in a mild slowdown phase, Finance Minister Felipe Larrain told reporters on Friday.
The central bank on Thursday held its key ... </description>
<link>http://www.arizonaherald.com/index.php/sid/214587376/scat/fc5c97f166b8dbb5</link>
<pubDate>Fri, 17 May 2013 12:31:34 -0400</pubDate>
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