Business Today: Wall Street slips as banks, techs drag; S&P flat for 2014

	Click to View in Browser 03/27/2014 Wall Street slips as banks, techs drag; S&P flat for 2014 NEW YORK (Reuters) - U.S. stocks fell on Thursday, erasing most of the S&P 500's year-to-date gain, as banking and technology stocks led the selloff. Microsoft CEO signals new course with Office for iPad SAN FRANCISCO (Reuters) - Microsoft Corp's new CEO Satya Nadella finally unveiled Office for Apple Inc's iPad in a polished debut that set him apart from his energetic predecessor while signaling his plans to make mobile apps the top priority at the world's largest software company. U.S. senator urges GM to tell owners of recalled cars not to drive them WASHINGTON (Reuters) - General Motors should promptly warn consumers not to drive GM cars recalled because of faulty ignition switches that can unexpectedly turn off engines and air bags as the vehicles are running, U.S. Senator Richard Blumenthal said on Thursday. U.S. economy shows some muscle, housing still weak WASHINGTON (Reuters) - The U.S. economy grew a bit faster than previously estimated in the fourth quarter and new claims for jobless aid dropped to a near four-month low last week, suggesting the economy has plenty of momentum to break out of its winter chill. Comcast's Cohen to testify on Time Warner Cable merger WASHINGTON (Reuters) - Comcast Corp's Executive Vice President David Cohen will testify at a hearing in the U.S. Senate on April 9 about his company's plans to buy Time Warner Cable Inc, a Comcast spokeswoman said on Thursday. SEC's Gallagher seeks reforms to stop activist shareholder proposals WASHINGTON (Reuters) - U.S. corporate governance rules make it too easy for activist investors to get politically driven shareholder proposals onto public company ballots and should be overhauled, a top U.S. Securities and Exchange Commission official said Thursday. Alstom shares sink on risk of fine in U.S. bribery probe PARIS/WASHINGTON (Reuters) - Alstom shares fell sharply on investors' fears that the French engineering firm could face a heavy fine from the U.S. Justice Department as a result of a bribery investigation that has spread across Asia. Ex-Dewey finance director admits accounting was false NEW YORK (Reuters) - Dewey & LeBoeuf's ex-finance director pleaded guilty to grand larceny last month and admitted he knew false financial statements were being provided to the firm's lenders, according to court documents unsealed on Thursday. Vivendi to examine Bouygues SFR offer: sources PARIS (Reuters) - Vivendi will examine the latest Bouygues offer for its SFR telecoms subsidiary while respecting a three-week exclusivity period for talks with a rival bidder, two sources familiar with the matter said. Qatar buys helicopters, missiles in $23 billion arms deals DOHA (Reuters) - Qatar announced contracts worth about $23 billion on Thursday to buy attack helicopters, guided missiles, tankers and other weapons from Boeing Co , Airbus and other arms makers as the Gulf state accelerates its military build-up. Related Video Breakingviews: Activists stir M&A gumbo Lululemon sees flat sales ahead Economic News U.S. economy shows some muscle, housing still weak Fed should start rate hikes in first quarter 2015, Bullard says 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