Business Today: Wall Street falls as Oracle sinks, Cyprus worries escalate

	Click to View in Browser 03/21/2013 Wall Street falls as Oracle sinks, Cyprus worries escalate NEW YORK (Reuters) - U.S. stocks fell on Thursday as Oracle's revenue fell far short of expectations and worries intensified about the effect of Cyprus' troubles on the euro zone. Data points to growing economic momentum WASHINGTON (Reuters) - A clutch of data pointed to growing momentum in the economy during the first quarter, with jobless claims trending lower and factory activity and homes sales both on the rise. Raj Rajaratnam brother charged with insider trading NEW YORK (Reuters) - A younger brother of Raj Rajaratnam was charged with insider trading on Thursday, nearly two years after the founder of the Galleon Group hedge fund was convicted of that crime. Oracle shares dive after severe third-quarter miss; analysts cut views SAN FRANCISCO (Reuters) - Oracle Corp's shares sank more than 8 percent on Thursday a day after the company reported sharply disappointing third-quarter new software revenue, which it blamed on poor sales execution EU gives Cyprus bailout ultimatum, risks euro exit NICOSIA (Reuters) - The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro currency zone. StanChart told to say sorry over U.S. sanctions comments LONDON/WASHINGTON (Reuters) - Standard Chartered bowed to pressure from U.S. authorities and apologized on Thursday for comments by the bank's chairman denying the bank had intentionally breached U.S. sanctions on Iran. Smith Barney fund investors win ruling to sue as group over fees (Reuters) - A federal judge on Thursday granted class certification to mutual fund shareholders in a lawsuit accusing a former executive of brokerage Smith Barney of defrauding them out of fee discounts. Beechcraft seeks to block work on contested Afghan plane order WASHINGTON (Reuters) - Beechcraft Corp said on Thursday it was suing the U.S. Air Force to halt work on a contested aircraft contract won by Brazilian planemaker Embraer and its U.S. partner while federal auditors review Beechcraft's protest against the contract. Exclusive: Looming divorce could threaten U.S. oil baron's empire ATLANTA/NEW YORK (Reuters) - Continental Resources chief executive Harold Hamm, one of America's wealthiest and most influential businessmen, is embroiled in a contentious divorce that could lead to a record financial settlement and threaten his control of America's fastest-growing oil company. Unfazed by hawks, Bernanke refreshes easy-money message SAN FRANCISCO/NEW YORK (Reuters) - A crescendo of public warnings from hawkish Federal Reserve officials about the dangers of having a $3 trillion-plus balance sheet appears to have done little to sway the Fed's top ranks. Related Video Daily Digit: 4.98 million home resales Lufthansa flights hit by strike Economic News Data points to growing economic momentum Unfazed by hawks, Bernanke refreshes easy-money message 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