Business Today: Wall Street ends flat on late buying, Cyprus woes linger

	Click to View in Browser 03/27/2013 Wall Street ends flat on late buying, Cyprus woes linger NEW YORK (Reuters) - U.S. stocks rebounded from early declines to close little changed on Wednesday, but investors were still worried about the chance of a run on Cypriot banks and its possible implications for other euro-zone lenders. Cyprus to reopen banks, impose capital controls NICOSIA (Reuters) - Cyprus reopens its banks on Thursday while limiting withdrawals, banning cheques and curbing the use of Cypriot credit cards abroad, among measures imposed to avert a bank run after it agreed a tough rescue deal with international lenders. American Airlines-US Airways merger gets court approval NEW YORK (Reuters) - AMR Corp , American Airlines' bankrupt parent, on Wednesday received court approval to merge with US Airways Group Inc and create the world's largest airline. BRICS "Big Five" find it hard to run as a herd DURBAN, South Africa (Reuters) - At a summit in South Africa on Wednesday, Vladimir Putin likened the BRICS nations - Brazil, Russia, India, China and South Africa - to Africa's "Big Five" game beasts of trophy hunting lore - the lion, elephant, buffalo, leopard and rhinoceros. Lean inventories hold back pending home sales WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes fell in February, held back by a shortage of properties, but there is little to suggest that the housing market's recovery is stalling. Fed doves defend bond buys but another says cut back soon CHICAGO/CLEVELAND (Reuters) - Three Federal Reserve doves on Wednesday stoutly defended the central bank's bond buying to spur U.S. growth, but one official normally viewed as a centrist suggested it would not take much more improvement in job creation to warrant scaling it back. EADS shareholders back sweeping ownership change AMSTERDAM (Reuters) - Airbus parent EADS won backing for sweeping changes in its structure, claiming "emancipation" from political interference as shareholders tore up a Franco-German ownership pact in favor of greater management freedom. Deutsche Bank must face shareholder lawsuit: judge NEW YORK (Reuters) - Deutsche Bank AG lost a bid Wednesday to end a shareholder lawsuit accusing it of misrepresenting the risk of packaging home loans into complex financial products. U.S. asks Liechtenstein for data in tax evasion probe ZURICH/WASHINGTON (Reuters) - U.S. prosecutors have asked Liechtenstein to hand over data on foundations and other financial vehicles as part of their investigation into tax evasion by wealthy Americans. Argentina to offer holdouts mix of Par, Discount bonds: report BUENOS AIRES (Reuters) - Argentina, battling to avert a fresh debt crisis, plans to offer suing "holdout" creditors a 25-year bond equal to the face value of their debt when the country defaulted in 2002, local financial daily Ambito Financiero reported on Wednesday. Related Video Techquity: Apple's China challenges and stock's value FACTBOX: Netflix may be top dog for Q1, but beware! Economic News Fed doves defend bond buys but another says cut back soon Fed's Rosengren plays down asset bubble risk, says QE3 working 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