Business Today: Wall Street rebounds after data; financials climb

	Click to View in Browser 03/20/2014 Wall Street rebounds after data; financials climb NEW YORK (Reuters) - U.S. stocks rose on Thursday, after a batch of economic data pointed to an improving economy and investors reassessed Fed Chair Janet Yellen's comments that had fueled speculation of an earlier-than-expected rate hike by the central bank. All big U.S. banks but one pass Fed's health test WASHINGTON (Reuters) - U.S. big banks have enough capital buffers to withstand a drastic economic downturn, the Federal Reserve said on Thursday, announcing that 29 out of 30 major banks met the minimum hurdle in its annual health check. With cars, drivers, Google revs up home delivery SAN FRANCISCO (Reuters) - When Google started testing a free same-day shopping delivery service in San Francisco last year, industry observers were surprised by the company's foray into a notoriously tricky and decidedly low-margin real-world business. Nike profit rises; future orders soar 14 percent (Reuters) - Nike Inc on Thursday reported a higher quarterly profit from continuing operations as high margin products made up a bigger proportion of sales, and said global orders for merchandise for delivery by July rose 14 percent. U.S. jobs, factory data show improvement; housing lags WASHINGTON (Reuters) - The number of Americans filing for jobless benefits hovered near three-month lows last week and factory activity in the Mid-Atlantic region rebounded this month, suggesting the economy is regaining strength after being hobbled by severe weather. U.S. judge approves Toyota $1.2 billion settlement over concealing defects NEW YORK (Reuters) - A U.S. judge signed off on Toyota Motor Corp's $1.2 billion settlement of criminal charges that it concealed safety problems in its vehicles, an accord that could serve as a model for a similar probe into General Motors Co . Mosaic CEO has cancer, plans to stay on job (Reuters) - Mosaic Co Chief Executive Jim Prokopanko has been diagnosed with cancer, but plans to continue in his role, the U.S. fertilizer company said on Thursday. Europe strikes deal to complete banking union BRUSSELS (Reuters) - Europe took the final step to complete a banking union on Thursday with an agency to shut failing euro zone banks, but there will be no joint government back-up to pay the costs of closures. J&J gets $1.2 billion Arkansas Risperdal judgment tossed out (Reuters) - Johnson & Johnson on Thursday won a reversal by the Arkansas Supreme Court of a $1.2 billion judgment imposed after a jury concluded that the drugmaker improperly marketed its anti-psychotic drug Risperdal and concealed its risks. Airbnb in funding talks valuing it at about $10 billion: source (Reuters) - Online home-rental marketplace Airbnb Inc is in advanced talks with private equity firms including TPG Capital Management LP to raise funds that would value the company at about $10 billion, a person briefed on the matter said Thursday. Related Video Autonomous drones learn to fly as a flock Where will UK pensions money go? Economic News U.S. jobs, factory data show improvement; housing lags All big U.S. banks but one pass Fed's health test 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