Business Today: Nasdaq posts biggest drop since November 2011

	Click to View in Browser 04/10/2014 Nasdaq posts biggest drop since November 2011 NEW YORK (Reuters) - U.S. stocks plunged on Thursday, with the Nasdaq suffering its worst day since November 2011 as investors again sold high-flying names in the technology and biotech sectors. GM places two engineers on leave in deadly ignition switch probe (Reuters) - General Motors Co said on Thursday it had placed two engineers on paid leave as part of an internal investigation into defective ignition switches linked to 13 deaths and the global recall this year of 2.6 million cars. Facebook says WhatsApp deal cleared by FTC SAN FRANCISCO (Reuters) - Facebook Inc said U.S. regulators have cleared its $19 billion acquisition of mobile messaging service WhatsApp, even as the Federal Trade Commission warned the two Internet companies on Thursday that they must not backtrack on commitments to user privacy. Italian Prime Minister meets Etihad CEO to discuss Alitalia: source ROME (Reuters) - Italian Prime Minister Matteo Renzi met Etihad Airways Chief Executive James Hogan on Thursday to discuss a potential investment in national carrier Alitalia , a source in the premier's office said. Icahn backs down from demand that eBay spin off PayPal SAN FRANCISCO/NEW YORK (Reuters) - Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company's major shareholders. Judge accepts SAC guilty plea, approves $1.2 billion settlement NEW YORK (Reuters) - SAC Capital Advisors' $1.2 billion criminal settlement for insider trading received final court approval on Thursday, as a U.S. judge accepted a guilty plea from the hedge fund firm run by billionaire Steven A. Cohen. Biggest U.S. airlines among worst in customer service: study (Reuters) - Bigger isn't necessarily better when it comes to airlines. Big credit card issuers defeat collusion lawsuit in U.S. NEW YORK (Reuters) - Consumers suffered a setback on Thursday as three big credit card issuers won the dismissal of U.S. lawsuits accusing them of colluding to require that disputes be settled in arbitration rather than class action lawsuits. Proposed changes to union rules divide U.S. business, labor WASHINGTON (Reuters) - U.S. union organizers squared off against powerful business interests on Thursday over whether proposed federal rule changes for union organizing are an overdue procedural update or a radical step that would put employers at a disadvantage. Renault considers cutting shift at Flins plant: Les Echos PARIS (Reuters) - French automaker Renault is considering cutting one of the two shifts at its Flins plant, a move that would eventually cut annual production to a maximum 110,000 cars from 145,000 now, the French business daily Les Echos said on Thursday. Related Video Flu drug row not to be sneezed at BoE faces UK growth dilemna Economic News Jobless claims at seven-year low, signal firming economy U.S. March budget shrinks more than expected 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