Business Today: Wall Street ends higher in sync with energy, materials

Click to View in Browser 03/23/2012 Wall Street ends higher in sync with energy, materials NEW YORK (Reuters) - Stocks rose in light volume on Friday, boosted by rising energy and basic materials shares, and the S&P 500 continued to show resilience even as it posted its second negative week so far this year. Morgan Stanley wants all of Citi venture: sources (Reuters) - Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal, said people familiar with Morgan Stanley management's thinking. BATS Global withdraws IPO (Reuters) - Exchange operator BATS Global Markets Inc , whose shares traded briefly on Friday before being halted due to technical glitches, said it is withdrawing its initial public offering. SEC demands Wells Fargo comply with subpoenas (Reuters) - Securities regulators accused Wells Fargo on Friday of failing to turn over documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities during the financial crisis. New home sales slip, prices at 8-month high WASHINGTON (Reuters) - New single-family home sales fell in February while prices jumped to their highest level in eight months, according to a government report on Friday that was the latest to paint a mixed picture of the housing market. Fed's Lockhart:Despite risks, economy looks firmer WASHINGTON (Reuters) - The economic recovery is gaining momentum, though there are risks to the outlook including a weak job market and soft consumption, Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday. China's ZTE to "curtail" business in Iran (Reuters) - ZTE Corp, China's second-largest telecommunications equipment maker, said it will "curtail" its business in Iran following a report that it had sold Iran's largest telecom firm a powerful surveillance system capable of monitoring telephone and Internet communications. Apple's devoted shareholders get rich, and hang on NEW YORK (Reuters) - When Anton Marinovich turned 18, his grandmother gave him $1,000 with strict instructions to invest in the stock market. He chose Apple Inc. Fed grappling with supervisory role: Bernanke WASHINGTON (Reuters) - The Federal Reserve is still working out how best to supervise large financial institutions whose failure could cause domino effects across the financial system, Federal Reserve Chairman Ben Bernanke said on Friday. Exclusive: UBS brokerage unit shakes up management: memo NEW YORK (Reuters) - The U.S. brokerage arm of UBS AG shook up its leadership ranks on Friday, removing a layer of management under Chief Executive Officer Robert McCann and giving private wealth management head Jason Chandler a bigger role. Related Video Breakingviews: Justifying Facebook's IPO valuation New home price hits 8-month high Economic News Fed's Lockhart:Despite risks, economy looks firmer Fed should not over-commit to easy policy: Bullard 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