Business Today: Wall Street tumbles on jitters over Ukraine, China

	Click to View in Browser 03/13/2014 Wall Street tumbles on jitters over Ukraine, China NEW YORK (Reuters) - U.S. stocks tumbled on Thursday, with the S&P 500 suffering its worst day since early February, on rising tension between Ukraine and Russia and concerns about a slowdown in China. U.S. retail sales rebound from winter chill, jobless claims fall WASHINGTON (Reuters) - U.S. retail sales rebounded in February and new filings for jobless benefits hit a fresh three-month low last week, suggesting the economy was regaining strength after an abrupt slowdown caused by severe weather. McDonald's hit by worker lawsuits claiming it steals wages (Reuters) - McDonald's Corp workers in three U.S. states filed lawsuits this week against the fast-food chain, alleging it is stealing wages by forcing them to work off the clock, by cheating them out of overtime and by denying them rest breaks. Facebook rolls out video ads, aims to capture part of TV-marketing budgets SAN FRANCISCO (Reuters) - Facebook Inc will allow more marketers to run video advertisements on its website, provided the world's No.1 social network deem them to be of high-enough quality. Shell cuts spending in U.S. to lower shale exposure LONDON (Reuters) - Royal Dutch Shell will cut spending by a fifth and lay off staff at its American exploration and production business, the company said on Thursday, in another sign that oil majors are struggling to profit from the booming U.S. shale sector. EBay CEO sees Icahn getting louder, tells employees not to listen SAN FRANCISCO (Reuters) - Carl Icahn's campaign to convince eBay Inc to spin off its PayPal payments service will intensify in the run-up to eBay's shareholders' meeting in May, eBay's chief executive said on Thursday, warning employees to ignore the "noise." Barclays to cut thousands of jobs in its investment banking division: FT (Reuters) - Barclays is planning to axe thousands of jobs in a radical shakeup of its investment banking division and may replace the European and U.S. heads of the unit, the Financial Times reported, citing sources. U.S. transportation chief pledges hard look at GM recall WASHINGTON (Reuters) - U.S. Transportation Secretary Anthony Foxx on Thursday promised an "aggressive investigation" into whether General Motors was slow to report to the federal government problems with ignition switches in its autos, which have led to 12 deaths. Microsoft poised to fight back as iPad generation shuns Office SAN FRANCISCO/SEATTLE (Reuters) - It may be one of Microsoft Corp's biggest squandered opportunities. Anti-union workers sue Volkswagen, UAW over Tennessee plant (Reuters) - Three anti-union Volkswagen workers have sued the German automaker and the United Auto Workers in U.S. court, alleging that they improperly colluded in the run-up to a union election in Tennessee that the UAW lost. Related Video Soccer boss jailed for tax evasion Dividend lift-off at restructured Lufthansa Economic News U.S. retail sales rebound from winter chill, jobless claims fall U.S. budget deficit smaller than expected in February 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