Wednesday Papers: Fed chairman still cautious on financial markets -- other news

* Dow falls 44 points but Nasdaq hardens four points

* US April retail sales down 0.2% vs 0.1% expected

* US April import prices rise 1.8% vs 1.7% increase expected

* Chancellor Alistair Darling attempts to borrow his way out of the government's 10p tax nightmare as he announces a £2.7 billion cash handout to poorer and middle-income households

* Bank of England to reduce size of three months repo auctions in June and July to £5 billion

* US Federal Reserve chairman Ben Bernanke says financial turmoil in markets is easing, but still far from normal

* Crude price hits $126.98 a barrel in New York

* The International Energy Agency slashes its oil demand forecasts

* US Federal Reserve is reconsidering the way it deals with asset price bubbles in the wake of the housing and credit bust, in a move that could see the central bank using extra regulation to fight unjustified increase

* UK consumer price inflation rose to 3% in April

* Former CBI chief Adair Turner is frontrunner to be chairman of the Financial Services Authority

* Confidence among European service sector companies has fallen as fears grow that tighter credit conditions will hit profits

* West Sussex County Council gives permission for exploration by Northern Petroleum to drill on the South Downs

* Saudis blame Iran for Hizbollah coup in Lebanon

* The snap-back in share prices could be short-lived as markets face renewed weakness, according to investment manager Anthony Bolton

* Barclays poaches five investment managers from ABN Amro

* Heathrow's managing director Mark Bullock quits after fiasco at T5

* Lonmin becomes the first blue chip company to offload its final salary pension scheme

* BP revises down first-quarter net profit by $168 million due to stock valuation error

* Wal-Mart profit rises 6.9% but outlook cautious

* Thales confirms full-year sales and earnings targets; first-quarter security sales hit by difficulties on complex contracts; sees security contract problems hitting division's second-quarter sales and first-half margins

* A&J Mucklow remains upbeat on future prospects

* Accor has no plans to split up group; warns against creeping takeover

* Carrefour first-quarter sales up 10% as food and growth countries offset non-food weakness

* Ferrovial first-quarter net falls to 77.5 million from 450 million, in line with forecasts