In trading on Thursday, shipping shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of Excel Maritime Carriers (EXM), up about 14.9% and shares of Genco Shipping & Trading Limited (GNK) up about 10.2% on the day
Thursday Sector Laggards: Apparel Stores, Computer Peripherals
In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 1.5%. Helping drag down the group were shares of Pacific Sunwear of CA (PSUN), off about 9.8% and shares of Tillys (TLYS) down about 9.7% on the day
Lufthansa flights hit by strike
Lufthansa cancels almost 700 flights as workers strike in an attempt to put pressure on the German airline ahead of a new round of wage talks on Friday. Rough Cut (no reporter narration)
Deadline looms for troubled Cyprus
Cypriot politicians are searching for a "Plan B" to find billions of euros to clinch a EU bailout and avert a financial meltdown. They now have five days before banks are due to reopen. Kirsty Basset reports
Recession stalks France
Recession looms for France after business activity shrank in March at the fastest pace in four years, defying expectations for an improvement. Edward Baran looks at the problems being faced by the euro zone's second largest economy
Movado, Lululemon Announce Earnings
Watch maker Movado Group (MOV) announced that profit in the fourth quarter fell by 26 percent due to a charge it took took as it repositioned the Coach watch brand. The company earned $7.9 million, or 31 cents per share, down from $10.7 million, or 42 cents per share, in the same period last year
Business News – United States, J.C. Penney, Lululemon Athletica Inc., Commerzbank
Stock market falls, hurt by technology companies. J.C. Penney cut 27% workers in 2012. Lululemon's Yoga Pants Miscue to Hurt 2013 Results. Commerzbank hires Citi banker as equity capital markets head
Ruckus in Himachal assembly over state budget
Shimla, March 21 (IANS) The BJP Thursday created a ruckus in the Himachal Pradesh assembly, expressing dissatisfaction over the chief minister's reply to a discussion on the 2013-14 state budget. The opposition party accused the government of being anti-poor and betraying the unemployed youth
Upgradation index on slum conditions
New Delhi, March 21 (IANS) The central government will monitor the periodical up-gradation of slums in the country by making a "slum upgradation index", a union minister said Thursday. "We will frame a slum upgradation index city-wise and state-wise for monitoring periodically the upgradation of slums
Reuters News – Eric Schmidt, Department of Labor, FRANKFURT, Denis Pinchuk
Google's Schmidt Says Chrome & Android Will Remain Separate - But Don't Be Fooled: Two Years Ago He Confirmed They Will Merge. Jobless claims point to improving labor market. Pay strike grounds 40 percent of Lufthansa flights. Rosneft deal to put China top of Russia's oil customers
