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Wednesday, March 27, 2013

Daily Investor Briefing: Dow, S&P 500 end down slightly on...

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03/27/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Dow, S&P 500 end down slightly on Cyprus
NEW YORK (Reuters) - The Dow and the S&P 500 ended slightly lower on Wednesday after early losses spurred by worries about the possible implications of Cyprus's bailout for other euro zone lenders.
Cyprus to reopen banks, impose capital controls
NICOSIA (Reuters) - Cyprus reopens its banks on Thursday while limiting withdrawals, banning cheques and curbing the use of Cypriot credit cards abroad, among measures imposed to avert a bank run after it agreed a tough rescue deal with international lenders.
American Airlines-US Airways merger gets court approval
NEW YORK (Reuters) - AMR Corp , American Airlines' bankrupt parent, on Wednesday received court approval to merge with US Airways Group Inc and create the world's largest airline.
BRICS "Big Five" find it hard to run as a herd
DURBAN, South Africa (Reuters) - At a summit in South Africa on Wednesday, Vladimir Putin likened the BRICS nations - Brazil, Russia, India, China and South Africa - to Africa's "Big Five" game beasts of trophy hunting lore - the lion, elephant, buffalo, leopard and rhinoceros.
Lean inventories hold back pending home sales
WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes fell in February, held back by a shortage of properties, but there is little to suggest that the housing market's recovery is stalling.
Fed doves defend bond buys but another says cut back soon
CHICAGO/CLEVELAND (Reuters) - Three Federal Reserve doves on Wednesday stoutly defended the central bank's bond buying to spur U.S. growth, but one official normally viewed as a centrist suggested it would not take much more improvement in job creation to warrant scaling it back.
EADS shareholders back sweeping ownership change
AMSTERDAM (Reuters) - Airbus parent EADS won backing for sweeping changes in its structure, claiming "emancipation" from political interference as shareholders tore up a Franco-German ownership pact in favor of greater management freedom.
Deutsche Bank must face shareholder lawsuit: judge
NEW YORK (Reuters) - Deutsche Bank AG lost a bid Wednesday to end a shareholder lawsuit accusing it of misrepresenting the risk of packaging home loans into complex financial products.
U.S. asks Liechtenstein for data in tax evasion probe
ZURICH/WASHINGTON (Reuters) - U.S. prosecutors have asked Liechtenstein to hand over data on foundations and other financial vehicles as part of their investigation into tax evasion by wealthy Americans.
Argentina to offer holdouts mix of Par, Discount bonds: report
BUENOS AIRES (Reuters) - Argentina, battling to avert a fresh debt crisis, plans to offer suing "holdout" creditors a 25-year bond equal to the face value of their debt when the country defaulted in 2002, local financial daily Ambito Financiero reported on Wednesday.
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