U.S. Market:
AIG - 55.135 +0.155 0.282% Apple - 115.60 +0.97 0.846% Bank of America - 17.201 +0.101 0.591% Cisco - 27.695 -0.125 -0.449% Citigroup - 54.695 +0.335 0.616% Coca-Cola - 43.89 -0.65 -1.459% Facebook - 75.0984 -0.3616 -0.479% Ford - 16.105 +0.205 1.289% GE - 26.38 +0.33 1.267% Hewlett-Packard - 38.891 -0.059 -0.151% Intel - 37.71 +0.11 0.293% JPMorgan - 61.13 +0.05 0.082% McDonald's - 95.2335 +0.1235 0.13% Microsoft - 48.135 -0.325 -0.671% Pfizer - 31.37 -0.20 -0.634% Starbucks - 80.28 -0.09 -0.112%

Japan stocks spooked to six-month lows by Wall Street retreat

Men are reflected in a screen displaying a graph showing the movements of recent share averages outside a brokerage in TokyoBy Wayne Cole SYDNEY (Reuters) – Japanese shares staggered to six-month lows on Friday as an escalating selloff on Wall Street spread to Asia and slugged markets that had been fairly resilient up to now. European bourses were destined to share the pain with the DAX predicted to open down as much as 1.1 percent and the FTSE 0.8 percent, according to spread betters. What was increasingly looking like a major portfolio shift from momentum plays in U.S. technology and biotechnology stocks was having a knock-on effect across all regions and sectors, pressuring even defensive shares. Japan, in particular, was vulnerable both to the dive in tech stocks and to the strength of the yen, which crimps exports and corporate profits.

Tech sell-off sends Asian stock markets lower

People are reflected on the electronic board of a securities firm in Tokyo, Friday, April 11, 2014. Tokyo's Nikkei 225 stock average fell more than 400 points at one point in morning trading. (AP Photo/Koji Sasahara)SEOUL, South Korea (AP) ‒ Asian stock markets were lower Friday as investors dumped technology stocks and a drop in U.S. jobless claims failed to boost investor confidence.

Safety advocates alarmed by fatal accidents in recalled GM cars

File photo of General Motors logo outside its headquarters at the Renaissance Center in DetroitBy Julia Edwards WASHINGTON (Reuters) – Safety advocates say two recent fatal accidents involving recalled General Motors Co cars provide evidence that the automaker should advise owners to take vehicles off the road until they are repaired. In both incidents airbags failed to deploy, which is one sign of an accident related to the faulty ignition switch behind GM's 2.6 million vehicle recall. It is not known whether in either accident the key slipped from "run" to "accessory" position, which could indicate a faulty ignition switch. The National Highway Transportation Safety Administration, which is probing GM's slow response in recalling the vehicles, said it is aware of these accidents but would not say whether it plans to launch a formal investigation into whether they were caused by ignition switch malfunctions.

Ailing Puerto Rico open to radical economic fixes

FILE - In this Jan. 15, 2014 file photo, demonstrators touch a giant Puerto Rican flag from underneath as they protest at the labor department during a teachers strike in San Juan, Puerto Rico. From the intriguing to the impossible, there is no shortage of ideas for fixing Puerto Rico’s ailing economy as the government tries to dig out from a whopping $70 billion in public debt and bring back economic growth. (AP Photo/Ricardo Arduengo, File)SAN JUAN, Puerto Rico (AP) ‒ Slash the number of public holidays by two-thirds. Eliminate dozens of government agencies. Legalize marijuana and prostitution.

DoJ probes Citigroup unit over suspicious transactions: WSJ

A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange(Reuters) – The Justice Department is investigating whether a Citigroup Inc unit in California failed to alert the government about suspicious banking transactions along the U.S.-Mexico border, the Wall Street Journal reported, citing people familiar with the matter. U.S. prosecutors want to know why Citigroup did not submit so-called suspicious-activity reports flagging the questionable transactions that in some cases involved suspected drug-cartel members, the newspaper said. (http://r.reuters. …

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