Business Today: Wall Street rebounds after three-day drop as tech leads

	Click to View in Browser 04/8/2014 Wall Street rebounds after three-day drop as tech leads NEW YORK (Reuters) - U.S. stocks rose on Tuesday, snapping a three-day losing streak as investors bought beaten-down social media and Internet shares. Post-crisis rule requires big U.S. banks to raise $68 billion WASHINGTON (Reuters) - The eight biggest U.S. banks must raise a total of about $68 billion in capital by 2018 to comply with a new rule designed to prevent another financial crisis, prompting industry complaints that international standards are less restrictive and give their global competitors an advantage. Comcast defends Time Warner Cable deal as U.S. review kicks off WASHINGTON/NEW YORK (Reuters) - Comcast Corp sought to rebut critics of its planned $45.2 billion takeover of Time Warner Cable Inc, arguing that newcomers like Google Inc and Apple Inc would ensure competition in both Internet and video markets. Wall Street watchdog kicks off review of rules to gauge impact, costs The Financial Industry Regulatory Authority, Wall Street's watchdog, on Tuesday launched a review of its rules to determine whether they are effective and their costs and benefits are in line with the securities industry's expectations, according to regulatory notices. Exclusive: GM planning lower-priced version of 2016 Chevy Volt - sources DETROIT (Reuters) - Hoping to boost demand for its slow-selling Volt hybrid, Chevrolet is planning to sell two versions of the redesigned 2016 Volt, including a lower-priced model with a smaller battery pack and shorter driving range, supplier sources told Reuters on Tuesday. Senate panel approves Massad to head CFTC WASHINGTON (Reuters) - A U.S. Senate panel on Tuesday approved Timothy Massad as the next chairman of the Commodity Futures Trading Commission, but a second nominee to the derivatives watchdog hit a snag. Fed could cut rates to combat joblessness: Kocherlakota ROCHESTER, Minnesota (Reuters) - The Federal Reserve should do more to boost both inflation and jobs, a top Fed official said on Tuesday, including possibly pushing its main interest rate even lower or cutting the rate it pays banks on excess reserves kept at the U.S. central bank. Japan drugmaker Takeda to fight $6 billion damages awarded by U.S. jury SAN FRANCISCO/TOKYO (Reuters) - Takeda Pharmaceutical Co Ltd said it would contest $6 billion in punitive damages imposed by a jury in the United States in a case that accused Japan's largest drugmaker of concealing cancer risks associated with its Actos diabetes drug. Simplify U.S. financial reform rules, Fed's Plosser urges PHILADELPHIA (Reuters) - A top U.S. central banker on Tuesday criticized the complexity of a nearly four-year-old financial-reform law, urging simpler and more transparent laws for Wall Street that would rely more on the free market to discipline banks and other firms. Wal-Mart plans 50 more India wholesale outlets, e-commerce launch MUMBAI (Reuters) - Wal-Mart Stores Inc on Tuesday announced plans to open 50 more wholesale outlets in India and start online operations to sell to small shopkeepers, several months after it decided against opening its own retail stores there. Related Video Bionic kangaroo demonstrates big leap in robotics 3D printers headed for the home Economic News U.S. job openings hit six-year high in February Fed could cut rates to combat joblessness: Kocherlakota 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