Daily Investor Briefing: Wall Street retreats after rally, but...

Click to View in Browser 03/14/2012 Wall Street retreats after rally, but Apple up again NEW YORK (Reuters) - The S&P 500 broke a five-day streak of gains on Wednesday as investors found little reason to extend a rally that took the benchmark index to four-year highs. Bernanke says Fed to make bank rules clearer WASHINGTON (Reuters) - The Federal Reserve will try to make it clearer whether new banking rules apply to small lenders, Federal Reserve Chairman Ben Bernanke said in remarks on Wednesday. A little extra inflation would backfire: Volcker WASHINGTON (Reuters) - The U.S. economy is recovering "pretty well" and trying to juice it up by allowing a little extra inflation would be disastrous, Paul Volcker, the former Federal Reserve chairman known for successfully reining in double-digit inflation, said on Wednesday. Crude stocks rise, oil products fall: EIA NEW YORK (Reuters) - Crude inventories rose last week, with stocks at the trading hub in Cushing, Oklahoma increasing to an nine-month high, while oil products fell, data from the U.S. Energy Information Administration showed on Wednesday. Developed economies to pick up steam in 2012: Reuters poll LONDON (Reuters) - Developed economies will pick up steam this year thanks to an array of ultra-loose monetary policies from major central banks and amid new signs of progress in the euro zone's debt crisis, Reuters polls found. Departing Goldman banker slams 'rip-off' culture LONDON/NEW YORK (Reuters) - Goldman Sachs faced an unprecedented assault from one of its own after a banker published a withering resignation letter in the New York Times, calling the Wall Street titan a "toxic" place where managing directors referred to their own clients as "muppets." Petrochina-Ineos to let Morgan Stanley deal expire BEIJING/LONDON (Reuters) - PetroChina Co Ltd will ramp up oil trading in Europe via a joint venture with Ineos in April, letting a five year supply and marketing contract with Morgan Stanley expire at end-March, a source with the venture said on Wednesday. James Murdoch pleads innocence ahead of UK report LONDON (Reuters) - James Murdoch made a last ditch appeal to a parliamentary committee investigating phone-hacking at his company, ahead of a report expected from the committee in coming weeks that could determine whether he has a future in Britain. New York City to be paid $500 million in SAIC fraud case NEW YORK (Reuters) - New York City will be paid more than $500 million by computer contractor SAIC in a fraud case related to the company's work for the city, officials said on Wednesday. Greek cabinet formally approves bailout deal ATHENS (Reuters) - Greece's cabinet unanimously approved the terms of its international bailout on Wednesday, hours after euro zone countries formally approved the 130 billion euro ($169 billion) financial package that Athens needs to stay afloat. Related Video Reinventing the race car Cheltenham Festival is good bet for Britain Related News Why investors still fear stocks Using two plans helps U.S. workers save: study A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend