Business Today: Wall St ends down as investors book profits

	Click to View in Browser 03/21/2014 Wall St ends down as investors book profits NEW YORK (Reuters) - U.S. stocks dipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the S&P 500 to an intraday record high. U.S. judge OKs JPMorgan $218 million Madoff class-action settlement NEW YORK (Reuters) - A federal judge on Friday gave final approval to JPMorgan Chase & Co's $218 million settlement to resolve class-action litigation accusing the largest U.S. bank of playing a central role in the huge Ponzi scheme of former client Bernard Madoff. Yellen likely repeated market views on rate hike timing: Fed's Bullard WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen was likely just repeating the views of private analysts and investors when she said the central bank could raise interest rates six months after ending a bond-buying program, a top policymaker said on Friday. Fed's Kocherlakota: Don't raise rates to head off possible crisis WASHINGTON (Reuters) - Raising interest rates to head off a potential financial crisis is simply not worth it, a top Federal Reserve official said on Friday. In Washington state, Tesla finds way to share the road with dealers (Reuters) - On President's Day last month, about 40 electric-car advocates gathered under the rotunda of the state capitol in Olympia, Washington, where a lobbyist for Tesla Motors Inc urged them to rally against a bill that would prevent the carmaker from opening new sales offices in the state. Fiat Chrysler plans seven new Alfa models by 2018: magazine FRANKFURT/MILAN (Reuters) - Fiat Chrysler Automobiles (FCA) will unveil seven new Alfa Romeo models and push to increase sales of the sports car brand fivefold, Germany's Auto Bild magazine reported on Friday. Exclusive: Boeing U.S. tanker program seen $1 billion over budget WASHINGTON (Reuters) - The U.S. Air Force on Friday estimated that Boeing Co's development of a new refueling plane will cost nearly $1.1 billion more than initially planned, but the terms of the government's contract mean Boeing must cover the added costs. Credit Suisse to pay $885 million in FHFA mortgage fraud case NEW YORK/ZURICH (Reuters) - Credit Suisse Group AG has agreed to pay $885 million to resolve claims by a U.S. regulator that the Swiss bank misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour. Sprint cuts jobs, closes stores as part of broader plan NEW YORK (Reuters) - Sprint Corp cut 330 jobs and closed 55 stores around the country this week, as part of an ongoing plan to shrink its workforce in 2014, Cnet.com reported. Yellen's 6-month comment parroted market view: senior Fed official WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen was likely just repeating the views of private analysts and investors when she said the central bank could raise interest rates around six months after ending its massive bond-buying program, a top Fed official said on Friday. Related Video Erdogan orders Twitter ban ahead of polls Zuma rocked by house scandal Economic News Fed's Kocherlakota: Don't raise rates to head off possible crisis U.S. housing bill would cut mortgage access for minorities, groups warn 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