Business Today: UK lawmakers find Google misleading on tax

		Click to View in Browser 05/16/2013 UK lawmakers find Google misleading on tax LONDON (Reuters) - Google Inc faced angry questions on Thursday from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year. CPI falls on gasoline; biggest drop in four years WASHINGTON (Reuters) - A sharp drop in gasoline costs led consumer prices to tumble in April by the most in over four years, while a gauge of underlying inflation was so weak it could worry the Federal Reserve. Dow, S&P futures turn lower after data NEW YORK (Reuters) - Dow and S&P 500 index futures turned lower on Thursday after U.S. weekly jobless claims unexpectedly rose in the latest week and housing starts fell sharply. Jobless claims jump in warning sign for labor market WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity. April housing starts plummet from almost five-year high WASHINGTON (Reuters) - Ground-breaking for new homes plummeted more than expected in April from an almost five-year high, but applications to build new homes shows the housing sector could still contribute to the strengthening economic recovery. Wal-Mart profit misses Street as U.S. sales weak (Reuters) - Wal-Mart Stores Inc's quarterly profit just missed Wall Street expectations on Thursday, with sales down 1.4 percent at its Walmart U.S. stores open at least a year. Glencore brings in ousted BP boss as interim chairman LONDON/ZUG, Switzerland (Reuters) - Glencore Xstrata has appointed Tony Hayward as its interim chairman, a source with knowledge of the matter said, propelling the once "vilified" former BP chief executive into the limelight after an unexpected boardroom coup. Hess offers three board seats to Elliott, ends proxy fight (Reuters) - Activist investor Elliott Management will settle for three seats on the board of Hess Corp and support the oil producer's five director nominees to end a proxy fight. Kohl's profit beats Street, shares jump 7 percent (Reuters) - Department store chain Kohl's Corp reported a quarterly profit well ahead of analysts' expectations after cost cuts boosted margins, sending its shares up 7 percent in trading before the bell. Analysis: UK trade may struggle to stand still after EU exit GENEVA (Reuters) - As British Prime Minister David Cameron struggles to accommodate euroskeptics in his own party, trade experts warn that quitting the European Union would force Britain not just to rework trade relations with the EU, but also with the EU's trade partners and probably the World Trade Organization. Related Video U.S. Morning Call: Wal-Mart profit up despite sales weakness Market Pulse: Are gold bugs nervous yet? They should be... Economic News Jobless claims jump in warning sign for labor market April housing starts plummet from almost five-year high 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