The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends lower on renewed...

Monday, March 25, 2013

Daily Investor Briefing: Wall Street ends lower on renewed...

Click to View in Browser

03/25/2013

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

Wall Street ends lower on renewed Cyprus worries

NEW YORK (Reuters) - Stocks fell on Monday on renewed concerns about the developments in Cyprus and the euro zone, which wiped away earlier gains that drove the S&P 500 index to less than a point away from its record close.

Cyprus imposes "temporary" capital controls after bailout

NICOSIA (Reuters) - Cyprus is introducing "very temporary" restrictions on capital flows when banks reopen this week, the island's president said on Monday, seeking to reassure panicked Cypriots that a bailout deal struck overnight was in their best interests.

Best Buy founder Schulze rejoins as chairman emeritus

(Reuters) - Best Buy Co Inc founder Richard Schulze, who left the board last year and later failed in his effort to take the company private, will rejoin the retailer as chairman emeritus and add two of his former colleagues to the board.

Insight: Money fled Cyprus as president fumbled bailout

BRUSSELS/NICOSIA (Reuters) - As new President Nicos Anastasiades hesitated over an EU bailout that has wrecked Cyprus's offshore financial haven status, money was oozing out of his country's closed banks.

Exclusive: Hulu's board has reached out to potential buyers to gauge interest

LOS ANGELES/NEW YORK (Reuters) - Hulu's board has approached potential buyers to gauge their interest in buying the online video service, three sources close to the company told Reuters, as owners News Corp and Walt Disney weigh what to do with their interests in the five-year-old company.

Boeing 787 takes to sky in first flight check

NEW YORK (Reuters) - A Boeing Co 787 Dreamliner took to the sky on Monday in the first of two flights aimed at showing that the plane's new lithium-ion battery system meets regulatory safety standards, a key step toward ending a two-month, worldwide grounding of the high-tech jet.

Rajaratnam's brother pleads not guilty to insider charges

NEW YORK (Reuters) - Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, pleaded not guilty on Monday to insider trading charges.

Macondo rig fire too big to fight: Transocean officer

NEW ORLEANS (Reuters) - The Transocean Ltd officer in charge of safety on the Deepwater Horizon drilling rig, destroyed in a BP well accident that caused the worst U.S. offshore oil spill, said the post-blowout fire was too big to fight and that evacuation saved lives.

Dell suitors talk tie-ups as board lets in Icahn, Blackstone

(Reuters) - A frenzy of backroom negotiations was poised to begin on Monday after Dell Inc invited billionaire investor Carl Icahn and Blackstone Group to make firm takeover offers, potentially turning an existing $24.4 billion take-private deal into a starting bid for the No. 3 PC maker.

Wal-Mart sues grocery union, others over trespassing in Florida

(Reuters) - Wal-Mart Stores Inc has sued a major grocery workers union and others who have protested at its Florida stores, the latest salvo in its legal fight to stop "disruptive" rallies in and around its stores by groups seeking better pay and working conditions.