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April housing starts, permits up more than forecast
(Reuters)
Reuters - Construction starts on new U.S.
homes rose by a surprisingly strong 8.2 percent in April and
applications for new building permits turned up for the first
time in five months, the Commerce Department said on Friday in
a report showing that the hard-hit housing sector still had
some spring vigor.
Icahn's Yahoo fight puts Microsoft in driver's seat
(Reuters)
 Reuters - Two weeks after Microsoft Corp
abandoned its pursuit of Yahoo Inc , a proxy fight
launched by activist investor Carl Icahn has put Microsoft in
the driver's seat.
Futures add to gains on housing data
(Reuters)
 Reuters - U.S. stock index futures added to
gains on Friday on optimism about the housing market after the
government said construction starts on new U.S. homes rose in
April and applications for new building permits turned up for
the first time in five months.
WTO tells U.S. to cut trade barriers, improve exports
(Reuters)
 Reuters - The United States should cut barriers to
its markets to help it tackle economic turmoil, and boost
exports to deal with its current account deficit, the World
Trade Organisation (WTO) said.
GE says it may sell appliances business
(Reuters)
Reuters - General Electric Co said on
Friday it may sell or spin off its century-old appliances unit
in a bid to lower its exposure to the slumping U.S. housing
market.
Housing posts surprising rebound in April
(AP)
 AP - Construction of new homes posted the biggest increase in more than two years in April, a rare bit of good news in what has been the worst downturn in housing in more than two decades.
Treasury prices dip as stock market rallies
(AP)
AP - Treasury prices traded mixed Wednesday, after investors briefly rallied on a report showing mild April inflation but then gave up gains as stocks advanced.
SMFG posts big rebound, forecasts modest growth
(Reuters)
Reuters - Sumitomo Mitsui Financial Group (8316.T)
reported a threefold increase in fourth-quarter profit,
rebounding from massive losses at its consumer finance unit a
year earlier, and it forecast modest growth ahead.
Abercrombie & Fitch profit tops view
(Reuters)
 Reuters - Teen apparel retailer Abercrombie &
Fitch Co reported higher quarterly profit on Friday,
topping Wall Street estimates, as a lower tax rate and better
gross profit helped offset the impact of lower same-store
sales.
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