Business Today: Wall Street scores best day this year as banks soar

Click to View in Browser 03/13/2012 Wall Street scores best day this year as banks soar NEW YORK (Reuters) - The stock market posted its best day this year, with Tuesday's late spark coming from JPMorgan Chase & Co after the bank announced it had boosted its dividend. Fed says top banks fared well in stress tests WASHINGTON (Reuters) - The majority of the largest banks will continue to have enough capital to satisfy regulators, even if they suffer a financial shock that includes unemployment hitting 13 percent and a 21 percent drop in housing prices, the Federal Reserve said on Tuesday. Fed holds steady course, offers few clues on future WASHINGTON (Reuters) - The Federal Reserve on Tuesday provided few clues on the prospects for further monetary easing, offering just a slight upgrade to its economic outlook while restating concerns about the high level of unemployment. JPMorgan passes stress test; dividend rise, buybacks okayed (Reuters) - JPMorgan Chase & Co became the first bank on Tuesday to say regulators have completed stress tests of its balance sheet and approved a dividend increase and stock buybacks. Watchdog says banks impeded foreclosure inquiry WASHINGTON (Reuters) - Top banks impeded a federal inquiry into their foreclosure processes, according to a report released Tuesday, dragging their feet on turning over documents and blocking investigators' attempts to interview bank employees. Intel's supply chain chief says ready for mobile SANTA CLARA, California (Reuters) - Intel's manufacturing whiz and new chief operating officer, Brian Krzanich, says he has fine-tuned his supply chain to meet expected demand for chips for smartphones and tablets. German, French finance ministers say worst of euro crisis over PARIS (Reuters) - German Finance Minister Wolfgang Schaeuble and his French counterpart Francois Baroin said on Tuesday that the worst of the euro zone crisis appeared to be over, but warned member states that was no excuse to skimp on difficult reforms. Savings low, worry high among workers: report WASHINGTON (Reuters) - Workers are saving less, worrying more and may be unrealistic about their ability to work as long as they think necessary to afford retirement, according to a major national survey released on Tuesday. Cruise line chiefs defensive, optimistic after accident MIAMI (Reuters) - In their first major industry gathering since the deadly Costa Concordia accident, cruise line chief executives defended their overall safety record on Tuesday and said they were confident of better days ahead. Rise in retail sales points to healthy consumer WASHINGTON (Reuters) - U.S. retail sales posted their largest gain in five months in February, with Americans feeling confident enough to buy more cars and other goods even as they paid more for gasoline. Related Video Trading at Noon: Stocks up on Greece, retail sales Inside the Fed lockup: Fed says market strains have eased Economic News Fed holds steady course, offers few clues on future Savings low, worry high among workers: report 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