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Monday, March 24, 2014

Business Today: Tech leads Wall Street lower as Ukraine casts a shadow

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03/24/2014
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
Tech leads Wall Street lower as Ukraine casts a shadow
NEW YORK (Reuters) - U.S. stocks fell on Monday, with some of the market's recent best performers like technology and biotech shares leading the way down.
U.S. March factory activity growth slows slightly: Markit
NEW YORK (Reuters) - U.S. manufacturing activity slowed in March after nearing a four-year high last month, but the rate of growth and the pace of hiring remained strong, an industry report showed on Monday.
Former Madoff associates found guilty of fraud
NEW YORK (Reuters) - Five former aides to investment manager Bernard Madoff were convicted on Monday of charges that they helped their boss conceal his massive Ponzi scheme for years.
Herbalife gives Icahn more seats, small NU Skin fine lifts stock
(Reuters) - Herbalife Ltd said it is giving three more board seats to Carl Icahn, its biggest shareholder, at a time short sellers are attacking the nutrition and weight loss company's business practices and a U.S. regulator is probing the business.
GM sued over fatal crash tied to ignition defect
NEW YORK (Reuters) - General Motors Co has been hit with what is believed to be the first wrongful death lawsuit over ignition switch problems since it recalled 1.6 million vehicles in February.
Mexico telecoms bill gives regulator powers to curb Slim, Televisa
MEXICO CITY (Reuters) - Mexico's government on Monday proposed giving new telecommunications regulator IFT sweeping powers to police the operations of dominant telecoms companies and TV broadcasters, right down to their prices and discounts.
Aviva could pay CEO up to $8.7 million for first year of turnaround
LONDON (Reuters) - British insurer Aviva could pay its chief executive Mark Wilson up to 5.3 million pounds ($8.7 million) for his first year in the job he took on after a shareholder rebellion led to the departure of his predecessor.
UK retailers Dixons and Carphone get extension to merger talks
LONDON (Reuters) - Britain's Takeover Panel has granted Dixons Retail and Carphone Warehouse an eight-week extension to their negotiations for a possible 4 billion-pound ($6.6 billion) merger.
Tera Exchange announces first Bitcoin derivative
WASHINGTON (Reuters) - TeraExchange said on Monday it had constructed a swap based on the bitcoin virtual currency, a step that would bring the emerging payment system under the oversight of U.S. regulators for the first time.
Morgan Stanley pays fine after index hedge topped soymeal limits
WASHINGTON/CHICAGO (Reuters) - Morgan Stanley has agreed to pay $200,000 to settle civil charges it exceeded speculative position limits in soybean meal futures for two days while attempting to hedge a commodity index investment, U.S. regulators said on Monday.
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