Business Today: Wall St. slips with Fed still the focus

	Click to View in Browser 12/10/2013 Wall St. slips with Fed still the focus NEW YORK (Reuters) - Stocks fell on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-moving economic data. GM shakes up auto industry men's club, naming Mary Barra next CEO DETROIT (Reuters) - General Motors Co Chief Executive Officer Dan Akerson will step down next month and be replaced by global product development chief Mary Barra, who will become the first woman to lead a global automaker. Regulators seek to curb Wall St. trades with Volcker rule WASHINGTON (Reuters) - U.S. banks will no longer be able to make big trading bets with their own money after regulators on Tuesday finalized the Volcker rule and shut down what was a hugely profitable business for Wall Street before the credit crisis. Twitter shares touch new high, sail past $52 SAN FRANCISCO (Reuters) - Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante. Lululemon aims to move past gaffes with new CEO, chairman TORONTO (Reuters) - Lululemon Athletica Inc named a new chief executive on Tuesday and said founder Chip Wilson will step down as chairman, as the upscale yogawear retailer tries to expand globally and put a series of embarrassing quality issues and other gaffes behind it. Wal-Mart taps insider to head international division (Reuters) - Wal-Mart Stores Inc on Tuesday said the head of its Canadian division would take over the retailer's international unit next year, succeeding Doug McMillon, who was named CEO of the company last month. Madoff workers concerned about 'exit strategy' in 2006: witness NEW YORK (Reuters) - Spooked by three audits in less than two years, several of Bernard Madoff's employees grew concerned in 2006 about their fates if his massive Ponzi scheme came to light, a former Madoff aide testified on Tuesday. Citigroup CFO sees fourth-quarter markets results slipping (Reuters) - Fourth-quarter capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John Gerspach said on Tuesday. U.S. Supreme Court rules for Sprint in fees fight WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday ruled for a Sprint Nextel Corp subsidiary locked in a dispute with the utilities regulator in Iowa. Europe sketches plan to close troubled banks BRUSSELS (Reuters) - Euro zone countries edged closer on Tuesday to agreeing a plan to close ailing banks and sharing the costs, a move that would pave the way for a fundamental reform to underpin the currency and its banks. Related Video Scientists restore functionality in brain-damaged rats Jail for faulty breast implant boss Economic News U.S. Senate vote on confirming Yellen as Fed chief likely next week: aide Factory, services revenue to grow in 2014: ISM 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