Business Today: Nasdaq ends below 4,000 for first time since early February

	Click to View in Browser 04/11/2014 Nasdaq ends below 4,000 for first time since early February NEW YORK (Reuters) - U.S. stocks slid in a volatile session on Friday, with the Nasdaq closing below the 4,000 mark for the first time since early February. U.S. House panel chairman cites 'failures' related to GM recalls WASHINGTON (Reuters) - A U.S. congressional committee on Friday said there were "failures within the system" over the handling of flawed ignition switches in General Motors Co vehicles, which have been linked to 13 deaths. JPMorgan profit weaker than expected as trading revenue falls (Reuters) - JPMorgan Chase & Co posted far weaker-than-expected quarterly profit as uncertainty about the U.S. economy weighed on investor trading volumes and consumer borrowing. U.S. government says hackers trying to exploit 'Heartbleed' bug BOSTON (Reuters) - The U.S. government warned banks and other businesses on Friday to be on alert for hackers seeking to steal data exposed by the "Heartbleed" bug, as a German programmer took responsibility for the widespread security crisis. As Internet shares break down, investors see value in old tech NEW YORK (Reuters) - The last six weeks have been terrible for many technology shares, but not for the four horsemen that sat atop the last tech boom. Petrobras HQ raided by Brazil police in money-laundering probe RIO DE JANEIRO (Reuters) - Brazil's Federal Police raided the headquarters of state-run oil company Petroleo Brasileiro SA in Rio de Janeiro on Friday as part of a money-laundering probe, two sources with direct knowledge of the operation told Reuters. Individuals targeted as San Francisco tech money protests intensify SAN FRANCISCO (Reuters) - Demonstrations against the grip on San Francisco held by wealthy technology workers took a personal turn on Friday with protesters taking aim at a Google lawyer they say personifies the tensions being stirred by abundant tech money. Nestle says chairman has curable illness, will stay on in role ZURICH (Reuters) - The chairman of Nestle , the world's largest food group, will undergo treatment for a curable illness but this will not affect his ability to carry out his job, the company said. Producer inflation accelerates in March WASHINGTON (Reuters) - U.S. producer prices recorded their largest increase in nine months in March, but that jump will probably not ignite inflation pressures as economic growth remains moderate. Wells Fargo profit beats estimates, helped by one-time gains (Reuters) - Wells Fargo & Co, the biggest U.S. mortgage lender, reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of cost cuts and one-time gains helped the bank offset the lowest volume of home loans it made in five-and-a-half years. Related Video Bank earnings will be lower going forward-Fitch's Lee Breakingviews: Dimon subdued Economic News Producer inflation accelerates in March G20 gives U.S. year-end deadline for IMF reforms 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