Business Today: Wall St. ends mostly lower; Nasdaq down for third session

	Click to View in Browser 05/8/2014 Wall St. ends mostly lower; Nasdaq down for third session NEW YORK (Reuters) - U.S. stocks mostly fell on Thursday with the S&P 500 and the Nasdaq closing lower, led by losses in the energy and utility sectors. Could take 5-8 years to shrink Fed portfolio: Yellen NEW YORK/WASHINGTON (Reuters) - The U.S. Federal Reserve is in no rush to decide the appropriate size of its balance sheet, but if it ultimately shrinks it to a pre-crisis size, the process could take the better part of a decade, Fed Chair Janet Yellen said on Thursday. Asia success still long shot for ambitious Fiat Chrysler DETROIT (Reuters) - If Fiat Chrysler Automobiles wants to become a significant force in Asia, it needs to succeed in China. But its track record so far in the world's largest automobile market raises doubts about its ability to deliver on growth promises, analysts say. Venture firm Atomico sues ex-employee, consultant for double-dipping SAN FRANCISCO (Reuters) - Atomico Partners, a London-based venture firm founded by Skype co-founder Niklas Zennstrom, is suing a former employee and consultant for secretly diverting potential Atomico investments to a venture firm that the two were building. U.S. retailers benefit from warmer April as sales bounce back NEW YORK (Reuters) - Spring was in full swing for some U.S. retailers, with shoppers spending again in April after the weather warmed up. U.S. lawmakers air concerns over Comcast-Time Warner Cable deal WASHINGTON (Reuters) - Lawmakers expressed concern about combining the top two U.S. cable operators at a congressional hearing Thursday to discuss Comcast's plan to merge with Time Warner Cable Inc. Exclusive: U.S. banking regulators hire math geeks of their own (Reuters) - A few years ago, famed financial engineer Andrew Lo built a computer model that allowed one of the biggest U.S. banks to figure out which customers were most likely to fall behind on credit-card payments. GM recalls about 8,500 Buick, Chevy cars for brake problem DETROIT (Reuters) - General Motors Co said on Thursday it has recalled 8,590 Buick and Chevrolet sedans in North America to address a potential braking problem. Glencore Xstrata names ex-BP boss Hayward as chairman LONDON (Reuters) - Glencore Xstrata confirmed Tony Hayward as permanent chairman of the mining and commodities trading group, sealing the former BP chief executive's comeback from the worst offshore oil spill in U.S. history. Barclays axes 19,000 jobs, reins in Wall Street ambitions LONDON (Reuters) - Britain's Barclays reined in its ambitions to be a Wall Street powerhouse on Thursday and signaled a return to its retail roots with a plan to hive off much of its investment bank and axe one in four jobs at the division. Related Video Lightweight 'Upsee' harness allows severely disabled children to walk Virtual universe revealed in unprecedented detail Economic News Could take 5-8 years to shrink Fed portfolio: Yellen Drop in jobless claims signals firmer labor market 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