Business Today: Dow, S&P 500 dip; momentum shares hit Nasdaq

	Click to View in Browser 04/3/2014 Dow, S&P 500 dip; momentum shares hit Nasdaq NEW YORK (Reuters) - U.S. stocks slipped on Thursday, with a sharp drop in biotech and momentum stocks pushing the Nasdaq Composite down nearly 1 percent. Anadarko Petroleum settles pollution clean-up claims for $5.15 billion (Reuters) - Global energy company Anadarko Petroleum Corp will pay $5.15 billion to end years of litigation over cancer and other health problems across the United States caused by pollution from uranium deposits, wood creosote and rocket fuel processing. Mozilla CEO resigns, opposition to gay marriage drew fire SAN FRANCISCO (Reuters) - Mozilla Chief Executive Brendan Eich has stepped down, the company said on Thursday, after an online dating service urged a boycott of the company's web browser because of a donation Eich made to opponents of gay marriage. U.S. futures regulator CFTC probing speed traders WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission is investigating high-frequency traders to see if they were breaching the derivatives regulator's rules, its chief said on Thursday. Bank of America in settlement talks over credit card practices: WSJ (Reuters) - Bank of America Corp is in talks to may pay more than $800 million to settle allegations by the Consumer Financial Protection Bureau that it forced customers to sign up for extra credit-card products, the Wall Street Journal reported, citing people familiar with the matter. TD Bank CEO wants U.S. to curb high frequency trading (Reuters) - Toronto-Dominion Bank Chief Executive Ed Clark said on Thursday he believes high frequency trading (HFT) gives an unfair advantage to some market participants and wants curbs by U.S. regulators. Wider U.S. trade deficit to weigh on first-quarter GDP WASHINGTON (Reuters) - The U.S. trade deficit unexpectedly widened in February as exports hit a five-month low, suggesting first-quarter growth could be much weaker than initially anticipated. Micron posts second-quarter profit, shares rise SAN FRANCISCO (Reuters) - Memory chip maker Micron Technology Inc posted a larger-than-expected fiscal second-quarter net profit, helped by a strong recovery in chip prices and sending its stock higher. Texas tycoons hid $550 million in profits offshore, U.S. tells jury NEW YORK (Reuters) - Texas tycoons Sam and Charles Wyly employed a labyrinthine system of offshore trusts to conceal stock trades in four companies on whose boards they sat, netting themselves more than $550 million in undisclosed profits, a U.S. government lawyer told a federal jury on Thursday. Tesco finance director set to resign: report LONDON (Reuters) - Tesco finance director Laurie McIlwee is set to resign as early as next week, days before Britain's biggest retailer is expected to announce another sharp decline in profitability, the Financial Times reported. Related Video Breakingviews: Michael Lewis unplugged "Lowflation" fails to sway ECB yet Economic News Wider U.S. trade deficit to weigh on first-quarter GDP Stein to step down from depleted Fed board 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