Business Today: Global shares drop, dollar slumps as rout gathers pace

		Click to View in Browser 06/13/2013 Global shares drop, dollar slumps as rout gathers pace LONDON (Reuters) - World shares fell and the dollar slumped on Thursday as a sell-off on global financial markets accelerated on concerns over whether central banks will continue the stimulus they have come to rely on. Stock futures trim losses after data NEW YORK (Reuters) - Stock futures trimmed losses after data showed jobless claims declined last week and retail sales rose more than expected in May. Retail sales beat expectations as automobiles surge WASHINGTON (Reuters) - Retail sales rose more than expected in May as households stepped up purchases of automobiles and bought other goods, suggesting the economy was squeezing out of a recent soft patch. Jobless claims fall; labor market healing ongoing WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits fell last week, nearing its lowest level in five years in a sign of resilience for the U.S. labor market. Exclusive: GE lifts 2014 plane engine production to meet demand NEW YORK (Reuters) - Riding a wave of demand for new airplanes, General Electric Co's aviation unit said it expects to produce 3,800 commercial aircraft engines with its partners next year, up from 3,600 expected in 2013. RBS faces struggle to fill 'poisoned chalice' CEO role LONDON (Reuters) - Royal Bank of Scotland faces an uphill task in finding a new chief executive from a tiny pool of candidates to steer it through privatization, following the ousting of Stephen Hester which sent its shares tumbling on Thursday. Chrysler working on loan refinancing: Fiat CEO FLORENCE, Italy (Reuters) - Italian carmaker Fiat SpA's U.S. unit Chrysler is still working on a $3 billion loan refinancing, Fiat CEO Sergio Marchionne said on Thursday, confirming what sources had earlier told Reuters. Gannett to buy Belo for $1.5 billion (Reuters) - Media company Gannett Co Inc said on Thursday that it agreed to pay $1.5 billion in cash to buy Belo Corp and assume $715 million in debt, giving television company Belo an enterprise value of $2.2 billion. Exclusive: Russia's Lenta picks banks for possible IPO - sources MOSCOW (Reuters) - Russian hypermarket chain Lenta, part-owned by U.S. private equity firm TPG and Russia's VTB Capital , has selected banks for a possible 2014 initial public offering (IPO), two sources familiar with the situation said on Thursday. Analysis: No quick fix for corporate tax take as pressure to act builds BRUSSELS/LONDON (Reuters) - Europe's leaders are talking tough about making companies pay more tax but they are expected to take only baby steps for fear of alienating big business during an economic slump. Related Video U.S. Morning Call: Global shares in tailspin Shares pummelled, dollar slumps Economic News Retail sales beat expectations as automobiles surge Jobless claims fall; labor market healing ongoing 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