Business Today: Stock futures little changed as Wall Street set to pause after rally

		Click to View in Browser 04/30/2013 Stock futures little changed as Wall Street set to pause after rally NEW YORK (Reuters) - Stock futures were little changed on Tuesday as investors awaited a batch of economic data for a confirmation that the recent rally that has taken the S&P 500 to an another record close is solid. Labor costs rise modestly, but error could distort data WASHINGTON (Reuters) - Labor costs rose less than expected in the first quarter and pointed to benign wage inflation, a potential sign the Federal Reserve has space to continue its monetary stimulus program. Paul Allen gaining respect with sports, real estate moves SEATTLE (Reuters) - Paul Allen, the lesser known co-founder of Microsoft Corp, has struggled for decades to make his mark as a business mogul beyond the software company he started with Bill Gates. Pfizer results fall short; company trims profit forecast (Reuters) - Pfizer Inc reported lower-than-expected quarterly earnings and revenue, and the largest U.S. drugmaker trimmed its full-year profit outlook, sending its shares down 3 percent. SoftBank digs in on Sprint bid, rules out sweeteners TOKYO (Reuters) - SoftBank Corp President Masayoshi Son came out swinging on Tuesday against a counteroffer for Sprint Nextel Corp, saying rival bidder Dish Network Corp was ill-prepared to run the wireless carrier and refusing to raise his own $20.1 billion bid. GE settles crisis-era shareholder lawsuit for $40 million (Reuters) - General Electric Co agreed to pay $40 million to settle a shareholder lawsuit accusing the company of misleading investors about its health during the 2008 financial crisis, court papers show. Office Depot results disappoint; plans special meeting (Reuters) - Office Depot Inc reported a weaker-than-expected quarterly profit on Tuesday and said it would hold a special meeting with investors to seek approval for its pending merger with rival OfficeMax Inc . Best Buy exits Europe with Carphone sale NEW YORK/LONDON (Reuters) - U.S. retailer Best Buy Co Inc retreated from its ill-fated European expansion on Tuesday by selling its stake in a joint venture to Carphone Warehouse Group for less than half what it paid five years ago. Thomson Reuters profit falls on severance costs (Reuters) - Thomson Reuters Corp reported a 7 percent decline in first-quarter operating profit because of severance costs and a decrease in revenue at its Financial & Risk division, which caters to banking clients. BP hit by wave of new spill lawsuits ahead of April deadline LONDON (Reuters) - BP Plc has been hit by over 2,200 new lawsuits seeking payback for the 2010 Gulf of Mexico oil spill in the past few weeks as individuals, companies and government bodies rushed to stake their claim before their right to do so expired. Related Video Market Pulse: Banks bounce, but not over hump U.S. Morning Call: UBS results beat, shares jump Economic News Labor costs rise modestly, but error could distort data Pending home sales rise in March: NAR 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