Business Today: Wall Street ends down on concerns about Russia

	Click to View in Browser 03/26/2014 Wall Street ends down on concerns about Russia NEW YORK (Reuters) - U.S. stocks fell on Wednesday, led by losses in materials and technology sectors, as geopolitical concerns rose after the U.S. and European Union agreed to work together on tougher sanctions on Russia. Bank of America to pay $9.3 billion to settle mortgage bond claims WASHINGTON (Reuters) - Bank of America will pay $9.3 billion to Fannie Mae and Freddie Mac to settle claims that it sold them faulty mortgage-backed securities during the housing bubble, a U.S. regulator said on Wednesday. Fed bars shareholder payout plans from Citi, four other banks WASHINGTON/NEW YORK (Reuters) - The Federal Reserve said Citigroup Inc's ability to plan to cope with stressful scenarios is still not sufficient, and it nixed the bank's plans to return more capital to shareholders, dealing a blow to a bank still fixing itself after the financial crisis. Exclusive: Bank of America, ex-CEO Lewis settle NY lawsuit over Merrill NEW YORK (Reuters) - Kenneth Lewis, who turned Bank of America Corp into the nation's largest bank but also saddled it with enormous losses tied to mortgages, has settled a lawsuit accusing him of deceiving investors about one of his biggest acquisitions: Merrill Lynch & Co. Exclusive: GM's new recall risk - the spare parts market DETROIT/WASHINGTON (Reuters) - As General Motors Co recalls 1.6 million vehicles that have defective ignition switches linked to at least 12 deaths, it faces another potential risk - this time in the spare parts market. Candy Crush maker King Digital shares sour in market debut (Reuters) - Shares in King Digital Entertainment Plc fell as much as 16 percent in their Wednesday debut, underscoring investor concern about the company's reliance on "Candy Crush Saga" and dampening hopes that its coming-out party could revive investor interest in the mobile gaming industry. Murdoch sets up sons to take over media empire LONDON/NEW YORK (Reuters) - Rupert Murdoch has returned eldest son Lachlan to the leadership of his media empire and promoted younger son James, setting them up to succeed the 83-year-old tycoon. U.S. over-counter trading tightens reporting, other standards NEW YORK (Reuters) - OTC Markets, the operator of three U.S. over-the-counter equity markets, is rolling out tighter reporting standards and eligibility requirements for its venture-stage market to crack down on stock scams and bolster transparency, the company said on Wednesday. Fed has not discussed when to end QE, Bullard says: Bloomberg TV (Reuters) - Federal Reserve policymakers have not discussed the exact timing for wrapping up their bond-buying stimulus, a top Fed official said on Wednesday in comments that suggested quantitative easing could end any time from October to January. Facebook takes page out of Google playbook with Oculus deal SAN FRANCISCO (Reuters) - Does Facebook Inc have Google envy? Related Video EU, Obama talk sharing energy supplies Inside the future of U.S. energy exports Economic News Durable goods orders rise, but capex looks weak Fed has not discussed when to end QE, Bullard says: Bloomberg TV 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