Market News
Nikkei turns positive as yen retreats, exporters rise
TOKYO, May 12 (Reuters) - Japan's Nikkei stock average climbed 0.7 percent on Monday, turning positive as the yen retreated against the dollar and exporters such as Sony Corp gained in thin trade. Among notable gainers was Konica Minolta Holdings , which soared 12.2 percent after brokerage Mizuho Securities raised its rating on the company to "2" from "3", citing the company's relatively good outlook for the first half of the financial year in comparison to its peer Full Article
US April retail sales barely budged-SpendingPulse
NEW YORK, May 12 (Reuters) - U.S. retail sales barely rose in April, as a relentless surge in gasoline prices made consumers cut back other types of spending, according to a report released on Monday. Full Article
Dispatches magazine prefers print over Internet
NEW YORK, May 12 (Reuters) - A pall hangs over the word "print" these days, but the editors of a new magazine bet that discerning readers want news analysis on paper and don't mind getting it just four times a year. Full Article
Citigroup unveils turnaround plan
May 9 - Citigroup's new CEO Vikram Pandit said the company will shed $400 billion in assets as he moves to lead America's largest bank back to profitability. Play Video
