Business Today: Stock futures fall further after data

Click to View in Browser 06/13/2012 Stock futures fall further after data NEW YORK (Reuters) - Stock futures extended declines after data showed retail sales dropped for the second straight month and U.S. producer prices fell sharply in May. Retail sales ex-autos post biggest fall in two years WASHINGTON (Reuters) - Retail sales fell for a second straight month in May as demand for building materials tumbled and declining gasoline prices weighed down on receipts at service stations, a government report showed on Wednesday. Germany warns Italy over euro zone crisis MILAN/BRUSSELS (Reuters) - Germany told Italians on Wednesday they must accept Prime Minister Mario Monti's tough economic measures to avoid becoming the next victim of the euro zone debt crisis after a bailout for Spain's banks failed to calm markets. Exclusive: Fidelity pushes stock fund managers on performance BOSTON (Reuters) - Top portfolio managers at Fidelity Investments are getting more scrutiny than ever of their investment decisions as the Boston-based mutual fund company works to reverse a pattern of inconsistent performance. Celgene approves buyback of up to $2.5 billion in stock (Reuters) - Celgene Corp said on Wednesday it authorized the additional repurchase of up to $2.5 billion in common stock, effective immediately. Euro zone weighs on shares, euro and even German debt LONDON (Reuters) - European shares edged lower and the euro flatlined but yields on safe-haven German bonds rose on Wednesday as worries about contagion from Spain's banking crisis and this weekend's critical Greek elections kept investors on the defensive. Honda recalls about 50,000 Civic cars in U.S. (Reuters) - Honda Motor Co Ltd said on Wednesday it will recall about 50,000 Civic small cars in the United States from the 2012 model year for a potential driveshaft assembly issue that could lead to loss of engine power. Greeks withdraw cash ahead of cliffhanger vote ATHENS (Reuters) - Greeks pulled their cash out of the banks and stocked up with food ahead of a cliffhanger election on Sunday that many fear will result in the country being forced out of the euro. China government adviser predicts second-quarter growth below 7 percent BEIJING (Reuters) - China's annual economic growth could drop below 7 percent in the second quarter, an influential government adviser said in published remarks on Wednesday, the most pessimistic forecast of any government or private-sector economist. Smart meter firm Echelon eyes Russia MOSCOW (Reuters) - U.S. energy-saving group Echelon expects to double sales of its smart meters in Russia in 2013 as it seeks to offset stagnant Western markets by responding to a growing Russian political will to cut energy waste. Related Video Market Pulse: As Europe burns, buy dollars, sell financials U.S. Morning Call: It's all about Dimon's billion $$ apology Economic News Mortgage applications rose last week: MBA Like they did last summer: Fed may Twist again 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