Business Today: Hiring points to economy still in need of Fed's help

		Click to View in Browser 06/7/2013 Hiring points to economy still in need of Fed's help WASHINGTON (Reuters) - Employers stepped up hiring in May, a sign the economy was growing modestly but not strong enough to convince the Federal Reserve to scale back the amount of cash it is pumping into the banking system. Stock futures add to gains after payrolls NEW YORK (Reuters) - Stock futures added to gains on Friday after data showed the employers added slightly more jobs than expected in May. Exclusive: Forest braces for third bout with Icahn (Reuters) - Forest Laboratories Inc is trying to avert yet another bitter proxy battle with billionaire investor Carl Icahn ahead of its annual investor meeting this summer, according to two sources familiar with the situation. Dimon, other Wall St. titans make time for Ma ahead of Alibaba IPO HONG KONG (Reuters) - The most anticipated IPO since Facebook has attracted lawyers, bankers and potential investors, showering China's Alibaba with attention ahead of a stock offering that some say could exceed $15 billion. Fiat won't take on new debt to buy Chrysler stake: CEO VENICE, Italy (Reuters) - Carmaker Fiat SpA does not need to take on any new debt to buy out the rest of Chrysler, Chief Executive Sergio Marchionne said on Friday, rebuffing concerns about the cost of the looming deal. Reports on surveillance of Americans fuel debate over privacy, security WASHINGTON (Reuters) - The debate over whether the government is violating citizens' privacy rights while trying to protect them from terrorism escalated dramatically on Thursday amid reports that authorities have collected data on millions of phone users and tapped into servers at nine internet companies. Japan says no panic over yen spike; few policy options TOKYO (Reuters) - Japan's government showed little concern on Friday to a spike in the yen, but the calm response masks a lack of solid policy options should the recently floundering currency surge further. Samsung Electronics loses $12 billion market value on smartphone worries SEOUL (Reuters) - Samsung Electronics Co lost $12 billion in market value on Friday, hit by brokerage downgrades that have underscored concerns about slowing sales of its flagship Galaxy S4 smartphone. Royalty Pharma raises bid for Elan to potential $8 billion DUBLIN (Reuters) - Royalty Pharma raised its hostile bid for Irish drug firm Elan to a potential $8 billion on Friday, after just 7.5 percent of the target company's shareholders accepted its previous offer. Bundesbank puts dampener on German trade optimism BERLIN/FRANKFURT (Reuters) - German trade activity rose sharply in April, but a cut in the Bundesbank's growth forecast dampened hopes that Europe's largest economy might be gaining momentum. Related Video U.S. Morning Call: Slow jobs growth won't slow Fed action Reuters Breakingviews: Danger - high yields ahead Economic News Hiring points to economy still in need of Fed's help Five criteria Obama may weigh in seeking Bernanke successor 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