The Other Side of Life 24/7: Daily Investor Briefing: S&P 500 closes down on Cyprus, Dow...

Tuesday, March 19, 2013

Daily Investor Briefing: S&P 500 closes down on Cyprus, Dow...

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03/19/2013

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

S&P 500 closes down on Cyprus, Dow ends flat

NEW YORK (Reuters) - The S&P 500 fell for a third day on Tuesday, but pared losses late in the day after lawmakers in Cyprus rejected a proposed tax on bank deposits.

Cyprus lawmakers reject bank tax; bailout in disarray

NICOSIA (Reuters) - Cyprus's parliament overwhelmingly rejected a proposed levy on savings in banks as a condition for a European bailout on Tuesday, throwing international efforts to rescue the latest casualty of the euro zone debt crisis into disarray.

Microsoft backs review of foreign bribery allegations

SEATTLE (Reuters) - Microsoft Corp said on Tuesday that allegations of potential bribery by employees in China, Romania and Italy should be reviewed by U.S. agencies and its own compliance unit, but declined to address the specifics of any cases.

Ryanair lifts Boeing with $16 billion 737 order

DUBLIN/NEW YORK (Reuters) - Budget Irish airline Ryanair handed Boeing its largest European order ever on Tuesday, a deal for 175 jets worth $16 billion at list prices that boosts the U.S. planemaker's fortunes and strengthens the Irish carrier's domination of Europe's low-cost market.

Exclusive: Roche joins Life Tech auction, KKR and H&F team up - sources

NEW YORK (Reuters) - Roche Holding AG has joined the bidding for Life Technologies Corp and hired bankers to advise on a potential deal, while buyout firms KKR & Co LP and Hellman & Friedman LLC have teamed up to explore a joint bid, people familiar with the matter said.

Judge OKs Hostess's Twinkies, Ding Dongs sale

(Reuters) - Twinkies, Ding Dongs and Wonder Bread may soon be back in stores after a bankruptcy court judge on Tuesday approved sales of several iconic brands that had been owned by the failed Hostess Brands Inc.

Lawmakers worry about fare hikes at airline merger hearing

WASHINGTON (Reuters) - Lawmakers discussing the US Airways Group plan to merge with AMR Corp, parent to American Airlines, asked CEOs from the two companies repeatedly on Tuesday if the deal would mean higher fares or reduced service for the U.S. flying public, and were told it would not.

Starbucks buys first coffee farm, will research devastating leaf rust

(Reuters) - Starbucks Corp , the world's biggest coffee chain, said on Tuesday that it bought its first coffee farm, where it will research the leaf rust that is devastating Central American crops as well as harvest its own beans.

Ford to pay $750 million severance to workers at Belgium plant

DETROIT (Reuters) - Hourly workers at Ford Motor Co's plant in Genk, Belgium, will get $750 million in severance as part of a deal that allows the automaker to close that factory by the end of 2014, the company said on Tuesday.

Nokia wins German patent ruling against HTC

FRANKFURT/HELSINKI (Reuters) - A German court ruled in favor of Finnish mobile phone maker Nokia on Tuesday, saying some devices made by Taiwan's HTC infringed on its power-saving patent.