Business Today: Wall St. to open lower as China concerns mount

		Click to View in Browser 03/12/2014 Wall St. to open lower as China concerns mount NEW YORK (Reuters) - U.S. stocks were poised to fall at the open, putting the S&P 500 on track for a third straight decline, as concerns grew over the strength of China's economy. Wall St. cash bonus pool up 15 pct to $26.7 billion in 2013: NYS Comptroller NEW YORK (Reuters) - Wall Street's cash bonus pool rose 15 percent to $26.7 billion in 2013 as average cash bonuses hit the third highest on record at $164,530, New York state's comptroller said in an estimate on Wednesday. Candy Crush-maker King sees up to $7.6 billion IPO valuation (Reuters) - King Digital Entertainment Plc, the maker of hit mobile phone game Candy Crush Saga, expects to be worth up to $7.6 billion when it goes public this month as the Irish company looks to take advantage of strong demand for technology investments. Ackman accuses Herbalife of breaking laws in China BOSTON (Reuters) - Hedge fund manager William Ackman renewed his attack on Herbalife on Tuesday and said he has evidence the U.S.-based nutrition and weight loss company is breaking direct-selling laws in China, its fastest growing market. Brazil's economy faces trouble after World Cup, election BRASILIA (Reuters) - With the World Cup in June and July and a presidential election in October, many Brazilians aren't thinking beyond 2014. But next year is likely to be memorable for all the wrong reasons in Latin America's biggest economy. Alibaba's Tsai says will 'never' change partnership structure for Hong Kong IPO HONG KONG (Reuters) - Alibaba Group Holding will not change its partnership structure in order to list on the Hong Kong stock exchange, Executive Vice Chairman Joe Tsai told Reuters in an exclusive interview in Hong Kong on Wednesday. Federal prosecutors open criminal probe of GM recall: source NEW YORK/WASHINGTON/DETROIT (Reuters) - Federal prosecutors are examining whether General Motors is criminally liable for failing to properly disclose problems with some of its vehicles that were linked to 13 deaths and led to a recall last month, according to a source familiar with the investigation. Men's Wearhouse stitches up deal to buy Jos. A. Bank (Reuters) - Men's Wearhouse Inc said it would acquire rival Jos. A. Bank Clothiers Inc for about $1.8 billion, ending a five-month saga that started with Jos. A. Bank offering to buy its larger menswear rival. Tax fight looms large in Energy Future restructuring NEW YORK (Reuters) - As Energy Future Holdings prepares for what could be one of the largest-ever U.S. bankruptcies, some of its private-equity lenders are pushing a breakup of the company that could reap them more than $1 billion in tax savings, two people close to the matter said this week. U.S. courts dismiss two suits against shareholder activist Chevedden BOSTON (Reuters) - Shareholder activist John Chevedden has won favorable rulings in separate federal suits brought by Omnicom Group Inc and EMC Corp, breaking a pattern of legal setbacks for the private investor. Related Video Breakingviews: Should euro zone heed Japan's deflation lessons? Asia Day Ahead: Is China choosing growth over reform? Economic News Brazil's economy faces trouble after World Cup, election Rajoy plans tax reform to revive Spanish economy and jobs 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