Business Today: Futures add losses after unexpected dip in retail sales

		Click to View in Browser 04/12/2013 Futures add losses after unexpected dip in retail sales NEW YORK (Reuters) - Stock index futures extended losses on Friday after data showed U.S. retail sales unexpectedly fell in March. Retail sales unexpectedly fall in March WASHINGTON (Reuters) - Retail sales contracted in March for the second time in three months, a sign the American economy may have stumbled at the end of the first quarter. JPMorgan net up as "Whale" fades, but key units tepid NEW YORK (Reuters) - JPMorgan Chase & Co posted higher first-quarter profit on Friday as it spent less money on litigation, but most of its major businesses turned in tepid performances, and the bank's overall revenue declined. Producer prices post biggest drop in 10 months WASHINGTON (Reuters) - Producer prices recorded their biggest drop in 10 months in March as the cost of gasoline tumbled, according to a government report on Friday that supported the case for the Federal Reserve to maintain its very accommodative monetary policy. Wells Fargo first-quarter profit beats on lower provisions (Reuters) - Wells Fargo & Co reported a higher-than-expected 23 percent rise in first-quarter profit on Friday as the bank set aside less money to cover bad loans and held down costs. Austrians' love of bank secrecy has deep roots VIENNA (Reuters) - Call it the battle for grandma's passbook. Ex-KPMG auditor freed on $150,000 bond in tips-for-cash scheme NEW YORK (Reuters) - As investors Carl Icahn and William Ackman bickered loudly on TV earlier this year about their opposing bets on Herbalife, two other men were discussing the company in a different context: getting non-public information to trade ahead of the stock's next move. Judge denies AMR CEO $20 million severance (Reuters) - A judge has rejected a proposed severance payment of nearly $20 million for Thomas Horton, the chief executive of American Airlines parent AMR Corp , saying the payout is not allowed under federal bankruptcy law. Cyprus mulls early EU structural funds: officials DUBLIN (Reuters) - Cyprus is considering putting EU structural funds to earlier use to help its stricken economy but is not asking for a bigger bailout from the euro zone and the International Monetary Fund than the agreed 10 billion euros, EU officials said on Friday. BOJ's Kuroda: have taken all steps needed for inflation goal TOKYO (Reuters) - The Bank of Japan has taken all necessary steps to meet its 2 percent inflation target in two years and will try to minimize the market disruption from its massive bond buying, Governor Haruhiko Kuroda said on Friday. Related Video Reuters Asks: Can BOJ liquidity prevent Summer equity lull? Nigeria's stock exchange booms Economic News Retail sales unexpectedly fall in March Producer prices post biggest drop in 10 months 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