In today's FT: US deficit falls faster than expected, Stocks power ...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/9ULF66/HI61X1/P54FKU/QFZDL0/   In today's FT Wednesday May 15 2013 How useful are FT email briefings to you and what can we do to improve them? Take our short survey Financial Times - UK Homepage   US deficit falls faster than expected The brighter US fiscal outlook is the result of a combination of increased tax revenues, due partly to the economic recovery, and deep automatic spending cuts http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/XBY5HJ/ZH/h?a1=2013&a2=5&a3=14   Stocks power to fresh highs US and European equities marched to fresh cyclical highs as uncertainty about the outlook for the US economy were put to one side http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/LSVG9W/ZH/h?a1=2013&a2=5&a3=14   Europe oil groups raided over price setting Probe into oil benchmarks comes in the wake of Libor manipulation scandal. BP, Statoil, Shell and Platts are among the companies being investigated http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/20SD0D/ZH/h?a1=2013&a2=5&a3=14   Financial Times - US homepage   Obama hits out at 'inexcusable' IRS actions FBI opens a criminal investigation into conduct of the IRS staff, as controversies threaten to overwhelm Obama administration's policy agenda http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/DXH3XR/ZH/h?a1=2013&a2=5&a3=14   JPMorgan investors take heat off Dimon People familiar with early voting patterns say investor proposal to strip chief of role as chairman is on track to gather less than 50% of vote http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/FDGUKH/ZH/h?a1=2013&a2=5&a3=14   Activist investor politely urges Sony revamp Founder of hedge fund Third Point urges Japanese group to sell off part of its film and music business, setting up a potential struggle http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/ULXZLB/ZH/h?a1=2013&a2=5&a3=14   Financial Times - Europe homepage   China's corporate debt market set to challenge US Standard & Poor's report says that in terms of outstanding non-financial debt the US will slip into second place in 2014-15 http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/3CJYCZ/ZH/h?a1=2013&a2=5&a3=14   Amazon hit by old-world strike action Online retailer's employment practices and conditions for staff are under scrutiny, after allegations of poor treatment of seasonal workers http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/CWTNWF/ZH/h?a1=2013&a2=5&a3=14   Russia arrests alleged CIA recruiter Russia's security service says US diplomat in a wig was captured trying to recruit an agent, detained overnight and handed over to embassy officials http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/XBY5BT/ZH/h?a1=2013&a2=5&a3=14   Financial Times - Asia homepage   Activist makes his point to Sony Daniel Loeb, Third Point fund manager, says group should float entertainment business and focus on electronics http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/3CJYCW/ZH/h?a1=2013&a2=5&a3=14   Japan investors ask how far rally can go The falling yen has helped the Nikkei and Topix indices to a 40% gain so far this year, far better than other major equity markets http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/CWTN4A/ZH/h?a1=2013&a2=5&a3=14   Apple builds relations beyond Foxconn As recently as a year ago, serious competition to Hon Hai for orders would have been all but unthinkable, but added work has been going to Pegatron http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/B4LF4Y/ZH/h?a1=2013&a2=5&a3=14   World News - latest world news headlines - FT.com   Europe's sea levels could rise by a metre The findings of a four-year study shed new light on the effects of continental ice loss and on how different parts of the world would be affected http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/K9CBQZ/ZH/h?a1=2013&a2=5&a3=14   Arctic Council to rule on China status China, India and Japan are among those seeking to join the main body involved in setting the rules for the future development of the polar region http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/WHDMTW/ZH/h?a1=2013&a2=5&a3=14   OECD warns of rising inequality Poverty and inequality in developed countries is set to increase as governments focus on cutting debt and borrowing, the Paris-based group says http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/K9CBQ0/ZH/h?a1=2013&a2=5&a3=14   Struggling France aims to shake off gloom A 'morosité' among businesses and households is forecast to weigh on quarterly GDP data, which economists expect will contract by at least 0.1% http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/YGI4BI/ZH/h?a1=2013&a2=5&a3=14   Indignados focus on workaday survival With more than 6m unemployed, and 1.9m households without breadwinner, economic struggle is seen as more important than political activism http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/4VRICN/ZH/h?a1=2013&a2=5&a3=14   Companies news and analysis - FT.com   Bloomberg Way is given public focus The Bloomberg Way, which has grown from a 30-page manifesto into a 376-page book, was 'a strategy to prove that we could compete with everybody' http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/3CJYCV/ZH/h?a1=2013&a2=5&a3=14   Google's Page discloses voice damage The disclosure follows a period of leave that Google's chief executive took in the middle of last year to deal with his voice problems http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/6ANQ2L/ZH/h?a1=2013&a2=5&a3=14   Lockheed says budget cuts will raise F35 costs The chief executive of the company said the cuts could delay cost improvements in the programme and push up the future price tag of the $382bn project http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/52FE20/ZH/h?a1=2013&a2=5&a3=14   Severn Trent rejects offer from consortium FTSE 100 water provider says conditional proposal from Kuwaiti and Canadian funds 'fails to recognise existing and potential value' of company http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/GY81YL/ZH/h?a1=2013&a2=5&a3=14   M&S to cut supply base by 10% CEO, under pressure from some institutional investors to show a better performance, insisted he should not be judged on one collection alone http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/B4LF5O/ZH/h?a1=2013&a2=5&a3=14   Markets   Wealth funds charge into property assets Insurance and pension investors focus on perceived havens – especially London – with Norges Bank Investment Management joining in http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/EKBPXZ/ZH/h?a1=2013&a2=5&a3=14   Close ratings relationships under fire SEC roundtable on post-crisis reform told that regulators should break up 'clubby relationships' between agencies and ABS issuers http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/7Z39ZZ/ZH/h?a1=2013&a2=5&a3=14   Market cultures clash in Istanbul Western regulatory prescriptions, such as requiring more collateral in financial trades and bigger capital cushions at banks, do not suit all http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/XBY5HW/ZH/h?a1=2013&a2=5&a3=14   Hedge funds target new sources Traditional asset managers look for high-margin products as a response to competition from ETFs, while hedgies seek new sources of capital http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/B4LF5B/ZH/h?a1=2013&a2=5&a3=14   Top banks hit by lower forex revenues Fierce competition on prices and faster electronic trading contribute to 3% fall among 10 largest sector participants by volume http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/ULXZ1N/ZH/h?a1=2013&a2=5&a3=14   Financial Times - Comment   Why the world faces climate chaos The more one thinks about it, the more impossible it is to envisage effective action. We will watch the rise in greenhouse gases until it is too late http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/DXH3XS/ZH/h?a1=2013&a2=5&a3=14   Iceland's election is a signal to Europe Taking tough measures to save the economy does not always win votes. So can any politician meet voters' expectations? Steingrímur Sigfússon asks http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/HI6LIY/ZH/h?a1=2013&a2=5&a3=14   Business finds capital markets capital The paradox between business and finance is that companies have never had so little need for capital nor so much engagement with capital markets http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/ULXZL2/ZH/h?a1=2013&a2=5&a3=14   UK could reshape EU if it would only try The country's political leaders need to show leadership and emphasise that they want Britain to stay in the EU, Charles Grant says http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/PN70NT/ZH/h?a1=2013&a2=5&a3=14   Chinese lessons for Yahoo's boss Although working from home is out of fashion at the US group, it is getting its first tentative trials in China – but it's not a wholly appealing prospect http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/4VRICF/ZH/h?a1=2013&a2=5&a3=14   Financial Times - Management   How India's buses got connected When Phanindra Sama couldn't buy a bus ticket he and two flatmates started RedBus, which links the country's disparate travel agents and bus companies http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/4VRICH/ZH/h?a1=2013&a2=5&a3=14   Walking away is often the best option Whether it's selling or shutting a business, leaving a job or ending a relationship, deciding when and if to let go makes all the difference http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/A51R5I/ZH/h?a1=2013&a2=5&a3=14   Can a brand be built on a news story? McDonald's tweeted in support of a customer who helped free three women, raising questions about how to get the balance right on a sensitive story http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/RP5V3R/ZH/h?a1=2013&a2=5&a3=14   Auctions to upgrade economy seats An increasing number of airlines will now give customers the opportunity to bid their way out of economy class if upper-class seats are free http://link.ft.com/r/9ULF66/4VY6DY/FXHVQP/4CGLM2/A51R5W/ZH/h?a1=2013&a2=5&a3=14   Special Reports - FT.com Energy in the Americas Executive Education Innovation and the Economy Video Lex Vodafone's $3bn windfall Vodafone is to receive $3.2bn in dividends from its 45 per cent stake in Verizon Wireless. Lex's Oliver Ralph and Nikki Tait discuss what Vodafone would do if Verizon buys out its stake. Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..