Career News 24/7: Business Today: Wall St ends down, led by cyclicals, on growth worries

Thursday, March 22, 2012

Business Today: Wall St ends down, led by cyclicals, on growth worries

Reuters » Business Today

03/22/2012

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall St ends down, led by cyclicals, on growth worries

NEW YORK (Reuters) - Cyclical sectors led stocks lower on Thursday, setting the S&P 500 up for its first negative week in six, after factory data showed a slowdown in both the euro zone and China.

Jobless claims at 4-yr low, lift recovery hopes

WASHINGTON (Reuters) - The number of Americans claiming new unemployment benefits dropped to a four-year low last week, bolstering hopes a recent pick-up in job growth will prove lasting.

Brazil oil regulator: Chevron leak not "negligence"

BRASILIA (Reuters) - An oil spill off the Brazilian coast in November was not the result of negligence by Chevron or drill-rig operator Transocean, Brazil's oil regulator said on Thursday, providing a boost to the companies and their executives as they face criminal charges.

AIG repays government $1.5 billion: Treasury

WASHINGTON (Reuters) - American International Group has repaid the U.S. government its remaining $1.5 billion preferred equity investment as the Obama administration unwinds unpopular bail-out programs used during the financial crisis, the Treasury department said on Thursday.

Fed's Fisher sees no need for more monetary easing

CHICAGO (Reuters) - The economy is in much better shape and does not need further help from the central bank, a top Federal Reserve official known for his hawkish policy views said on Thursday.

Morgan Stanley directors win pay lawsuit dismissal

(Reuters) - Twelve directors of Morgan Stanley have won dismissal of a shareholder lawsuit accusing them of letting the Wall Street bank overpay its employees even while accepting taxpayer-funded federal bailouts.

FedEx settles hiring probe for $3 million

(Reuters) - FedEx Corp will pay back wages and interest to more than 21,000 people rejected for jobs in a $3 million settlement of a bias case brought against two of the company's units by the U.S. Department of Labor.

Wall Street's face in Washington to step down

WASHINGTON (Reuters) - The chief lobbyist for the largest U.S. financial institutions will step down at the end of 2012, after more than a decade of waging regulatory battles, a trade group said on Thursday.

Analysis: U.S. job gains hint at more spending and hiring

WASHINGTON (Reuters) - It's not quite Easy Street, but more money is starting to flow along Main Street.

Monster CEO open to selling all or part of company

NEW YORK (Reuters) - Monster Worldwide Inc is open to selling all or part of itself and expects to have data ready for potential buyers fairly soon, Chief Executive Sal Iannuzzi said in an interview.