The Other Side of Life 24/7: Daily Investor Briefing: Wall Street falls in choppy trade...

03/14/2014

Wall Street falls in choppy trade ahead of Crimea vote

NEW YORK (Reuters) - Wall Street ended lower in a volatile session on Friday, with all three major indexes posting a weekly decline, as concerns grew about tensions between Ukraine and Russia ahead of a referendum in Crimea this weekend.

U.S. regulator sues 16 banks for rigging key interest rate

NEW YORK (Reuters) - The Federal Deposit Insurance Corporation sued 16 of the world's largest banks on Friday, accusing them of colluding to suppress interest rates.

IBM says it has not given client data to the U.S. government

NEW YORK (Reuters) - International Business Machines Corp has not relinquished its customers' data to the U.S. government and would challenge any orders to do so, the company said in a blog post on Friday.

U.S. consumer sentiment slips; bad weather eyed

WASHINGTON (Reuters) - U.S. consumer sentiment weakened in early March as an unusually harsh winter appeared to dim views on the economy's prospects.

Mexico telecoms reform could take years to unseat Slim

MEXICO CITY (Reuters) - Tycoon Carlos Slim, under fire from regulators in his home country, has spent the last two years sniffing out deals in Europe to offset an impending regulatory shake-up of Mexican telecoms.

Canada investigating fatal crash for possible link to GM defect

OTTAWA (Reuters) - Canada's transport ministry said on Friday it is investigating a fatal car crash that appears to be related to an ignition defect in cars recalled last month by General Motors Co <GM.N.

Target warns data breach could be worse than reported so far

BOSTON/NEW YORK (Reuters) - Target Corp warned that last year's massive security breach could have been more extensive than reported so far, leading to further losses at the No. 3 U.S. retailer.

Delaware court upholds Perelman-M&F ruling, may alter buyouts

(Reuters) - Ronald Perelman's buyout of a company he controlled was not subject to heightened court review because the billionaire acted as if he were an outside buyer, according to a Delaware Supreme Court ruling that could affect future insider deals.

Western banks cold-shoulder Iran trade finance scheme

LONDON/ANKARA (Reuters) - Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalized under U.S. sanctions, bankers and government officials told Reuters.

Vodafone close to deal to buy Spain's Ono: sources

MADRID/LONDON (Reuters) - Shareholders of telecommunications company Ono are close to agreeing a deal with Britain's Vodafone which has offered to buy the Spanish group for about 7.2 billion euros ($10 billion) including debt, two sources familiar with the matter said.