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Monday, March 10, 2014

Business Today: S&P dips after record; China data, Boeing weigh

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03/10/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
S&P dips after record; China data, Boeing weigh
NEW YORK (Reuters) - U.S. stocks dipped on Monday, weighed down by soft data out of China and Boeing's latest production setback.
GM ignition-switch recall poses first big test for new CEO
DETROIT (Reuters) - In her first big test as General Motors Co's chief executive, Mary Barra has taken a hands-on approach behind the scenes in directing the automaker's response to ignition-switch problems that have been linked to 13 deaths.
Evans says flatly: Fed will keep trimming bond purchases
COLUMBUS, Georgia (Reuters) - The Federal Reserve will continue to trim its monthly asset purchases at a $10 billion pace, an influential Fed official said on Monday as he also detailed how the U.S. central bank might rewrite its plan for keeping interest rates low.
Fannie, Freddie could send $179.2 billion to taxpayers: White House
WASHINGTON (Reuters) - U.S. government-owned mortgage financiers Fannie Mae and Freddie Mac could send about $179.2 billion in profits to taxpayers over the next 10 years if the terms of their bailout remain intact, the White House budget office said on Monday.
U.S. Justice Department, American Airlines dispute value of slots
WASHINGTON (Reuters) - The U.S. Justice Department said on Monday that American Airlines Group made $425 million by selling takeoff and landing slots at two busy East Coast airports, as required to win approval for the merger that set up the company.
Boeing delays decision on 787-10 production site
NORTH CHARLESTON, South Carolina (Reuters) - Boeing Co has delayed a decision on where it will build the 787-10, the newest version of its 787 Dreamliner, a spokeswoman confirmed on Monday.
EU lawmakers to press Barnier on scope of bonus cap rule
LONDON (Reuters) - European Union rules to cap bankers' bonuses were in doubt on Monday after the bloc's lawmakers agreed to consider a revamp to stop Britain's banks softening their impact.
Mt. Gox files for U.S. bankruptcy to halt class action
(Reuters) - Mt. Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
EBay rejects Icahn board nominees, asks investors to do same
(Reuters) - EBay Inc on Monday rejected activist investor Carl Icahn's two nominees to its board, saying both were unqualified, and urged shareholders to vote against them at its next annual meeting.
Pizza chain Sbarro files for bankruptcy protection
NEW YORK (Reuters) - Pizza chain Sbarro LLC has filed for bankruptcy protection for the second time in three years after struggling with too much debt and fewer customers in malls that house many of its restaurants.
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