Business Today: Wall Street Week Ahead: Pullback possible after S&P's milestone

		Click to View in Browser 03/29/2013 Wall Street Week Ahead: Pullback possible after S&P's milestone NEW YORK (Reuters) - After flirting with an all-time high for three weeks, the S&P 500 posted its best closing level in history. But some strategists say Thursday's record could be a harbinger that the stock market rally is running out of steam. Quarter of U.S. firms in China face data theft: business lobby BEIJING (Reuters) - A quarter of firms that are members of a leading U.S. business lobby in China have been victims of data theft, a report by the group said on Friday, amid growing vitriol between Beijing and Washington over the threat of cyber attacks. Cyprus says threat contained, no plan to leave euro NICOSIA (Reuters) - The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island's fate. SAC Capital portfolio manager Steinberg arrested in NY: FBI (Reuters) - Michael Steinberg, a portfolio manager at Steve Cohen's $15 billion SAC Capital Advisors, was arrested by the Federal Bureau of Investigation at his home in New York City early Friday morning in connection with a long-running insider trading investigation of the hedge fund, a FBI spokesman said. Consumer spending rises, supports sturdy growth picture WASHINGTON (Reuters) - Consumer spending rose in February and income rebounded, further signs economic activity accelerated in the first quarter, even though part of the increase in consumption reflected higher gasoline prices. Sony, Olympus delay medical venture as regulatory approval on hold TOKYO (Reuters) - Japan's Sony Corp and Olympus Corp have again delayed the start of a joint venture to develop medical equipment because they have yet to gain approval from some regulators. Jobless claims rise, but GDP data shows more growth WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, but not enough to suggest the labor market recovery was taking a step back. Commission considers good and bad of British banking LONDON (Reuters) - The Archbishop of Canterbury has spent the run up to Easter contemplating the ethics of the trading floor and ways to curb greed in the City of London. ECB's Knot backs Dijsselbloem comments on bank rescues AMSTERDAM (Reuters) - European Central Bank Governing Council member Klaas Knot said on Friday there was "little wrong" with Eurogroup chair Jeroen Dijsselbloem's recipe for dealing with future euro zone banking crises, a newspaper reported. Exclusive: Indonesia's CT Corp proposes all-cash deal for Bakrie's media unit TANJUNG BENOA, Indonesia (Reuters) - Indonesia's fifth-richest man has proposed to buy a controlling stake in PT Visi Media Asia, valued at up to $1.8 billion, in an all-cash deal that would give him the lion's share of the TV advertising market in Southeast Asia's biggest economy. Related Video S&P 500 says hello to new high U.S. Week Ahead: Jobs report could make or break market mojo Economic News Consumer spending rises, supports sturdy growth picture Jobless claims rise, but GDP data shows more growth 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