Business Today: Stock futures turn positive after retail sales data

		Click to View in Browser 03/13/2013 Stock futures turn positive after retail sales data NEW YORK (Reuters) - Stock futures erased earlier declines to turn positive after data showed retail sales rose more than expected in February. February retail sales post largest gain in five months WASHINGTON (Reuters) - Retail sales rose more than expected in February as Americans bought motor vehicles and a range of other goods even as they paid more for gasoline, suggesting consumer spending this quarter will hold up despite higher taxes. BHP Billiton faces corruption probe over Beijing Olympics MELBOURNE/BEIJING (Reuters) - The U.S. government is investigating top global miner BHP Billiton Ltd for possible corrupt practices, the company confirmed, after media reports said it was being probed for its sponsorship of the 2008 Beijing Olympics. No sense in speculating on a euro exit: ECB's Weidmann COLOGNE, Germany (Reuters) - It makes no sense to speculate about the possibility of countries leaving the euro zone, European Central Bank policymaker Jens Weidmann said on Wednesday. UBS CEO says no plans to sell U.S. wealth management arm ZURICH (Reuters) - UBS has no plans to sell its U.S.-based wealth management arm, the former Paine Webber brokerage, Chief Executive Sergio Ermotti said on Wednesday. Import prices rise more than expected in February WASHINGTON (Reuters) - Import prices rose more than expected in February, driven by the biggest increase in fuel prices since August, a U.S. Labor Department report showed on Wednesday. Carlyle Group cuts minimum investment to $50,000 in new buyout fund (Reuters) - Carlyle Group LP will now allow people to invest as little as $50,000 in its new buyout fund, a regulatory filing showed, as private equity firms look to widen their customer base in search of new sources of funding. Former prosecutor Stolper starts litigation finance firm (Reuters) - High-profile former federal prosecutor Andrew Stolper said Tuesday he had teamed up with an ex-FBI agent to form a private equity firm specializing in litigation finance, a growing business in the legal industry. Boeing gets nod to test new 787 battery, wins big 737 order SEATTLE (Reuters) - Boeing Co won approval from U.S. transport regulators on Tuesday to start testing a redesigned battery for the 787 Dreamliner, putting it one step closer to getting the troubled airplane back into regular service. Stanford receivers reach settlement with Antigua in fraud case (Reuters) - U.S. and Antiguan officials liquidating Allen Stanford's offshore bank said they have reached a settlement that would return a substantial portion of $300 million in frozen assets to the victims of Stanford's fraud, a court filing showed. Related Video Russia's new central banker U.S. Morning Call: Boeing can test Dreamliner batteries Economic News February retail sales post largest gain in five months Dueling budget plans debut in Congress 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