Business Today: Wall Street retreats from 4-year highs

Click to View in Browser 03/27/2012 Wall Street retreats from 4-year highs NEW YORK (Reuters) - U.S. stocks retreated from near-four-year peaks on Tuesday, while a number of large-cap shares hit new highs with the help of portfolio managers buying up top performers into the end of the quarter. Consumer confidence wanes, inflation a concern NEW YORK (Reuters) - Americans were more worried about inflation in March than at any time in the last 10 months and consumer confidence waned in the wake of higher gasoline prices. Apple, Sony, 4 others sued by Graphics Properties (Reuters) - Apple Inc, Sony Corp and four other companies were sued by Graphics Properties Holdings Inc, formerly known as Silicon Graphics Inc, for allegedly infringing a patent through their sale of mobile phones and other electronic devices. MF Global executive details scramble for funds WASHINGTON (Reuters) - MF Global's North America chief financial officer plans to tell lawmakers on Wednesday that she desperately sought to transfer funds to cover the customer account shortfall in the final hours before the firm's collapse, but that some banks would not execute them. Gupta loses wiretap ruling, wins on SEC notes (Reuters) - Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence at his upcoming criminal trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam. Enbridge, Enterprise to double Seaway oil pipeline CALGARY, Alberta (Reuters) - Enbridge Inc and Enterprise Products Partners LP will more than double capacity of the Seaway Pipeline and expand another line from Illinois to ship more crude oil out of the glutted U.S. Midwest. PIMCO'S Gross sees lower returns in "repressive" environment NEW YORK (Reuters) - PIMCO co-founder Bill Gross, the manager of the world's biggest bond fund, is lowering expectations. Russia placing blockbuster $7 billion Eurobond deal MOSCOW (Reuters) - Russia will raise $7 billion in Eurobonds in the largest emerging markets sovereign offering since at least 2000, fully covering its foreign borrowing plan for 2012, sources close to the deal said on Tuesday. Fed swap lines in U.S. interest: Dudley WASHINGTON (Reuters) - The central bank's decision to provide dollar swap lines to Europe was made in the United States' best interests and not solely to benefit Europe, a top Federal Reserve official said on Tuesday. Apple CEO in China mission to clear up problems HONG KONG/BEIJING (Reuters) - Apple Inc Chief Executive Tim Cook has jetted into China for talks with government officials as he seeks to clear up a pile of problems in the firm's biggest growth market, from its contested iPad trademark to treatment of local labor. Related Video Trading at Noon: Eyeing health care as debate continues ECONOMY 2012: How EADS will spend its piles of cash Economic News Consumer confidence wanes, inflation a concern Fed has done enough, should do no more: Fisher 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