Business Today: Wall Street ends higher on Cyprus relief, Nike jumps

	Click to View in Browser 03/22/2013 Wall Street ends higher on Cyprus relief, Nike jumps NEW YORK (Reuters) - Stocks rose on Friday on optimism that a deal to bail out Cyprus could be reached and as Nike shares rallied after stronger-than-expected results. Cyprus eyes bailout deal, U-turn on levy NICOSIA (Reuters) - Cyprus was poised for a dramatic U-turn on taxing big savers in its stricken banks on Friday as it raced to clinch a bailout from the European Union to avert financial meltdown. Exclusive: Fed pushes banks to ignore rivals when setting bonuses NEW YORK (Reuters) - The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own profitability, according to pay consultants and other people familiar with the matter. Japan agency: prep for 787 test flight not yet complete TOKYO/SEATTLE (Reuters) - Japan's Civil Aviation Bureau said on Friday that preparations are not yet complete for any test flight of Boeing Co's grounded 787 Dreamliner this week. Exclusive: Europeans lobby Fed's Tarullo over bank curbs PARIS/FRANKFURT (Reuters) - European bankers are lobbying U.S. Federal Reserve board member Dan Tarullo in an attempt to dilute curbs that would tighten oversight of foreign banks in the United States and squeeze their profits in the world's biggest financial market. Fitch poised to cut UK's AAA rating soon LONDON/NEW YORK (Reuters) - Britain looked poised to lose its AAA rating from a second ratings agency after Fitch Ratings warned on Friday it was likely to downgrade the country in the coming weeks, citing high government debt levels and weak growth. Airfares soared in 2012, June priciest month: report NEW YORK (Reuters) - Airfares to some of the most popular U.S. and international destinations rose by 25 percent or more last year, and June was the most expensive month to travel, according to the website Kayak.com. JPMorgan board "strongly endorses" dual role for Dimon (Reuters) - The board of directors of JPMorgan Chase & Co said on Friday it "strongly endorses" keeping Jamie Dimon as both their chairman and as chief executive of the company. U.S. to hold bankers responsible for sanctions violations ST. LOUIS, March 22 (Thomson Reuters Accelus) - The U.S. Treasury Department plans to hold bankers personally responsible and subject them to fines when their banks help countries such as Iran evade economic sanctions. Total approves $10 billion Congo project, sees 2015 startup PARIS/SAN FRANCISCO (Reuters) - Total and its partners have committed $10 billion to a development off the coast of Congo, expected to produce 140,000 barrels of oil equivalent per day by the time full output is reached in 2017, the French oil company said on Friday. Related Video Power Player: Nelson Peltz has the munchies? MuniLand: Big returns in higher ed, healthcare munis--Nuveen Economic News Fed's Raskin says economy too reliant on low-wage jobs Easy Fed softens fiscal policy punch on economy 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