Business Today: Wall Street ends lower on angst about Cyprus bailout plan

	Click to View in Browser 03/18/2013 Wall Street ends lower on angst about Cyprus bailout plan NEW YORK (Reuters) - U.S. stocks fell on Monday after a plan to tax bank accounts in Cyprus to help pay for the country's bailout stoked worries that it could threaten the stability of financial institutions in the euro zone. Cyprus reworks divisive bank tax, delays vote NICOSIA (Reuters) - Cypriot ministers scrambled to revise a plan to seize money from bank deposits before a parliamentary vote on Tuesday that will either secure the island's financial rescue or threaten its default. Insight: How Europe stumbled into scheme to punish Cyprus savers BERLIN/BRUSSELS (Reuters) - Just three weeks after being elected president of Cyprus, Nicos Anastasiades traveled to Brussels for his European debut last Thursday. His fellow leaders were all friendly enough. Federal grand jury indicts former Calpers CEO in fraud scheme SAN FRANCISCO (Reuters) - A federal grand jury has indicted former California Public Employees' Retirement System Chief Executive Officer Federico Buenrostro on conspiracy charges in connection with a scheme to commit fraud, the U.S. Department of Justice said on Monday. Electronic Arts CEO to step down SAN FRANCISCO (Reuters) - Electronic Arts' Chief Executive Officer John Riccitiello has resigned, saying he was "accountable" for the company's missing operational targets. Avenue hedge fund names CIO as Lasry seen getting ambassadorship NEW YORK (Reuters) - As speculation mounts that Avenue Capital hedge fund co-founder Marc Lasry will be nominated as the next U.S. ambassador to France, his $12 billion firm has told investors it is naming its first chief investment officer, according to a memo reviewed by Reuters. Goldman mortgage appeal rejected by Supreme Court WASHINGTON (Reuters) - Goldman Sachs Group Inc suffered a defeat on Monday as the U.S. Supreme Court let stand a decision forcing it to defend against claims it misled investors about mortgage securities that lost value during the 2008 financial crisis. Rusdi Kirana, typewriter salesman to airline supremo PARIS/JAKARTA (Reuters) - Rusdi Kirana, who placed a $24 billion Airbus order watched by French President Francois Hollande, has blazed a trail from teenage typewriter salesman to airline boss courted by leaders on both sides of the Atlantic. HSBC cuts gold forecast, sees recovery later in 2013 LONDON (Reuters) - HSBC cut its gold forecast for this year and next on Monday after the metal's weak start to the year, but said ultra-loose monetary policy in the United States and elsewhere meant it remains positive on prices overall. AstraZeneca to axe 1,600 jobs in overhaul of drug R&D LONDON (Reuters) - AstraZeneca is to cut around 1,600 jobs as it overhauls research operations and consolidates drug development work in three major centers in Britain, the United States and Sweden. Related Video Techquity: Cash king is Apple, cash is king for HP Qatar denial fails to dampen M&S shares Economic News Republicans differ on flexibility on taxes with Obama Fed to hold course on stimulus despite debate over risks 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