(Reuters) - CBS Corp (CBS.N) and its chief executive, Leslie Moonves, are not liable to shareholders for failing to more quickly disclose that the company would take a writedown of $14 billion at the height of the 2008 financial crisis, a federal appeals court ruled on Thursday. The 2nd U.S. Circuit Court of Appeals in New York said shareholders led by the City of Omaha and two Nebraska pension funds did not properly show that CBS committed securities fraud by ignoring accounting standards for valuing goodwill.

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(Reuters) - Dubai's flagship carrier Emirates EMIRA.UL has urged Boeing (BA.N) to make up its mind quickly on plans for an enhanced version of the wide-body 777, predicting it would be a success in the market. Emirates' President Tim Clark also warned Boeing rival Airbus (EAD.PA) not to let the A350 jet program run up three years of development delays, similar to those seen on Boeing's 787 Dreamliner.

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(Reuters) - A subsidiary of commodities trader Glencore (GLEN.L) has been accused of paying an EU official's bumper phone bills and laying on a French holiday to secure market-sensitive information, according to court documents relating to a Brussels corruption case. Glencore, the world's largest diversified commodities trader, said last year ahead of its listing that its subsidiary Glencore Grain Rotterdam, a former employee and a current employee had been charged as part of the criminal case.

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(Reuters) - Stocks rose at the open on Tuesday, with the Dow industrials climbing as much as 1 percent, as investors welcomed a slew of corporate results and a decline in borrowing costs for Spain. A better-than-expected Spanish bill sale boosted confidence as yields on Spain's 10-year bond dipped below 6 percent before a longer-term debt auction later in the week. Spanish debt yields have jumped recently on concerns about the nation's fiscal stability in the latest flare-up of the euro-zone debt crisis.

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(Reuters) - Global growth is slowly improving as the U.S. recovery gains traction and dangers from Europe recede, but risks remain elevated and the situation is very fragile, the International Monetary Fund said on Tuesday. Another flare-up of the euro-zone sovereign debt crisis or sharp escalation in oil prices on geopolitical uncertainty could disrupt the world economy finding its feet now tensions in the euro zone have subsided, the IMF said.

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(Reuters) - Goldman Sachs Group Inc surprised Wall Street on Tuesday, reporting better-than-expected profit and dialing back risk-taking in ways that are uncharacteristic for the traditionally aggressive investment bank. In fixed income, currency and commodities trading (FICC) -- where Goldman has been known for lucrative, if risky, bets -- the bank highlighted interest-rate products as a bright spot and said other major businesses reported lower revenue.

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(Reuters) - American manufacturing output slipped in March and groundbreaking on homes fell, casting a shadow over the economic outlook. The Federal Reserve said on Tuesday factory production slipped 0.2 percent last month, dragging on overall industrial output which was unchanged from a month earlier.

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(Reuters) - Groundbreaking on homes fell unexpectedly in March but permits for future construction rose to their highest level in 3-1/2 years, giving a mixed message for one of the economy's weaker sectors. Housing starts slipped 5.8 percent to a seasonally adjusted annual rate of 654,000 units, the Commerce Department said on Tuesday.

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(Reuters) - Coca-Cola Co (KO.N) posted higher-than-expected quarterly results after the world's largest soft drink maker sold more beverages, even in developed markets with economic challenges, fueling hopes that conditions are improving. The maker of Sprite, Minute Maid orange juice and vitaminwater, which does business in more than 200 countries, saw volume rise 3 percent in Germany and Japan, 6 percent in Spain and 1 percent in the United States, in a sign that consumers may be opening their wallets again after economic uncertainty curbed demand.

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(Reuters) - Better-than-expected retail sales in March were unable to sustain an early rally on Wall Street as stocks struggled to come off their worst two-week period in more than four months, with a march higher in Spanish bond yields continuing to undermine confidence. The Nasdaq fell sharply, weighed down by a near 3-percent drop in Apple Inc (AAPL.O). A fall in sales at Mattel Inc (MAT.O) and a decline in Google Inc (GOOG.O) shares ahead of a high stakes legal battle with Oracle Corp also hurt the Nasdaq.

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