Business Today: Import prices fall; lower oil prices to help households

		Click to View in Browser 05/14/2013 Import prices fall; lower oil prices to help households WASHINGTON (Reuters) - Import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures. U.S. oil boom leaves OPEC sidelined from demand growth LONDON (Reuters) - Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West's energy agency said. U.S. hedge fund calls for Sony Entertainment spin-off TOKYO (Reuters) - Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony Corp to spin off its lucrative entertainment arm, setting the stage for a clash between his activist Wall Street fund and management at the Japanese electronics maker. Stock futures edge up as investors search for catalysts NEW YORK (Reuters) - Stock index futures edged higher on Tuesday as investors looked for reasons to push stocks further after a rally that repeatedly took the Dow and S&P 500 to record highs. Big U.S. data dominates market but new favorites emerging LONDON (Reuters) - Central bank intervention, the euro zone crisis and China's rise have expanded the list of data that moves markets, but surprises in measures such as PMIs and U.S. jobs numbers still pack the biggest punch. ECB clashes with Germany over euro zone bank resolution BRUSSELS (Reuters) - The European Central Bank clashed with Germany on Tuesday over how quickly the euro zone should set up a full banking union, calling for it to be ready by mid-2014 after Berlin declared it wanted a slower pace. In Bangladesh rubble, the prices of profit MADRID (Reuters) - Order dockets found in the rubble of a Dhaka garment factory where over 1,100 workers died show just why it pays foreign stores to buy from Bangladesh - clothes made for as little as a tenth of what they sell for in the West. Small business optimism rises to six-month high WASHINGTON (Reuters) - A gauge of confidence for small businesses rose in April to its highest in six months, a sign of resilience in an economy beset by Washington's austerity drive. Rivals warn of boost to Google dominance from antitrust offer BRUSSELS (Reuters) - Rivals say Google could reinforce its dominance unless EU regulators win more concessions from the Internet search giant over accusations it restricts consumer choice and competition. Hedge fund proposes revamped Hess board to end proxy fight (Reuters) - The activist investor engaged in a proxy battle with Hess Corp has proposed a new board for the oil producer that would include all nominees put forward by both sides ahead of a vote on Thursday. Related Video Mosh pit physics sheds light on strategies for crowd control Reuters Breakingviews: Loeb's plan deserves Sony's ear Economic News Import prices fall; lower oil prices to help households Big U.S. data dominates market but new favorites emerging 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