Business Today: Wall Street climbs as Ukraine worries ease, data improves

	Click to View in Browser 03/17/2014 Wall Street climbs as Ukraine worries ease, data improves NEW YORK (Reuters) - U.S. stocks climbed on Monday, with the S&P 500 bouncing from its worst weekly drop in the past seven, as concerns eased over the situation in Crimea, while economic data indicated the economy was improving after a winter slowdown. GM recalls 1.5 million more vehicles, CEO says 'terrible things happened' DETROIT (Reuters) - General Motors Co announced new recalls of 1.5 million cars on Monday and in a virtually unprecedented public admission by a GM CEO, Mary Barra acknowledged the company fell short in catching faulty ignition switches linked to 12 deaths and last month's recall of 1.6 million cars. U.S. factories flex muscle after severe winter chill WASHINGTON (Reuters) - U.S. manufacturing output recorded its largest increase in six months in February and factory activity in New York state expanded early this month, the latest signs the economy was gaining momentum after being dampened by severe weather. Sony Pictures to announce layoffs across divisions: source LOS ANGELES (Reuters) - Sony Pictures Entertainment on Monday will announce layoffs throughout its studio operations in the United States and abroad, according to a person familiar with the matter. Five months later, jurors face tough task in Madoff aides' trial NEW YORK (Reuters) - Like Bernard Madoff's Ponzi scheme itself, the trial of five of his former aides has been virtually unprecedented in its scope. Vodafone agrees $10 billion deal for Spain's Ono LONDON (Reuters) - Vodafone has agreed to buy Spain's largest cable operator Ono for 7.2 billion euros ($10 billion), the latest hefty deal in a European telecoms sector starting to rebuild as the region recovers from a recession. Men from Ukraine and New York indicted in U.S. cybercrime case (Reuters) - Federal prosecutors on Monday announced the indictment of three men they accuse of being members of an international cybercrime ring that tried to steal at least $15 million by hacking into U.S. customer accounts at 14 financial institutions and the Department of Defense's payroll service. Losses mount as South Africa faces biggest post-apartheid mine strike JOHANNESBURG (Reuters) - With no end in sight, South Africa's platinum strike is set to become the biggest single stoppage to hit the country's mining sector since the end of apartheid in 1994, and now threatens the viability of an industry already in deep trouble. El-Erian starts tweeting, but won't talk about Gross NEW YORK (Reuters) - Mohamed El-Erian, the former chief executive of Pimco, has taken to Twitter to express his views to the world, but he said on Monday he wants to steer clear of the drama surrounding his falling out with co-founder Bill Gross for now. Big banks need point person for money-laundering lapses: regulator HOLLYWOOD, FL/WASHINGTON (Reuters) - Big banks should designate senior managers to oversee efforts to police transactions for criminal activity and take responsibility when lapses occur, a top U.S. financial regulator said on Monday. Related Video Is doing good a good business? Dial Vodafone for revival Economic News U.S. factories flex muscle after severe winter chill Argentina says February inflation rate slows to 3.4 percent 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