TOP STORIES APPEALS COURT REVIVES FED RULE ON DEBIT CARDS A federal appeals court revived a 2011 Federal Reserve rule limiting fees banks can charge merchants when customers use their debit cards, a setback for retailers who argued the Fed didn't do enough to limit the levies. U.S. STOCKS FINISH LOWER Stocks ended lower, dragged by a selloff in the health-care sector, though major indexes remained on track for strong weekly gains. The Dow Jones Industrial Average shed 28 points to 16303. KOCHERLAKOTA SAYS FED NOT TAKING HAWKISH STANCE The Fed wasn't trying to signal a shift toward more restrictive interest-rate policies in communications after its latest policy meeting, Minneapolis Fed President Narayana Kocherlakota said in an interview. CREDIT SUISSE SETTLES MORTGAGE LITIGATION Credit Suisse became the latest bank to settle with the Federal Housing Finance Agency over allegations it misrepresented mortgage-backed securities sold before the financial crisis, paying $885 million. FINRA EXAMINING TRADING IN PUERTO RICO BONDS The Financial Industry Regulatory Authority is examining trading in Puerto Rico's newly sold $3.5 billion bond issue, according to a spokesman for the Wall-Street-funded self-regulatory group that oversees broker-dealers. RUSSIA SENDS MIXED SIGNALS ON SANCTIONS President Vladimir Putin says Russia should refrain from further retaliation against the U.S. in response to sanctions targeting members of his inner circle after Crimea's annexation. FITCH AFFIRMS U.S. RATINGS AT AAA Fitch said it has affirmed the U.S.'s credit ratings at the top-notch triple-A level, with a stable outlook, resolving the "rating watch negative" placement for the country's ratings in October. MEDIA GENERAL TO PAY $1.6 BILLION FOR LIN MEDIA Media General agreed to buy LIN Media for about $1.6 billion, which the companies say will create second-largest pure-play television broadcasting company in the U.S. Media General shares rise 8%; LIN jumps 26%. NO SIGN OF PLANE AS SEARCH GOES LOW-TECH Australian authorities called for more aircraft and satellite surveillance in pursuit of possible debris from Malaysia Airlines Flight 370, even as the stepped-up search increasingly relied on low-tech tactics. MCDONALD'S CFO GETS SALARY BUMP McDonald's said its Chief Financial Officer Peter J. Bensen will receive a 16.1% salary increase tied to broader responsibilities he will be taking on amid a management shakeup. AMERICAN EXPRESS CEO AWARDED $24.4M FOR 2013 American Express awarded Chairman and Chief Executive Kenneth Chenault compensation of $24.4 million for 2013, an 11% increase over the prior year. ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= Sports MERCER SHOCKS DUKE 78-71 IN NCAA TOURNEY Daniel Coursey scored 17 points and Mercer pulled off the biggest upset in the NCAA tournament so far by knocking off No. 3 seed Duke 78-71. The Wall Street Journal CONTAINER SHIPPERS ARE ON COURSE TO MAKE WAVES WITH ALLIANCE After sailing past U.S. regulators, a major shipping alliance is on course to roil the global container business, by reducing costs for the world's biggest operators, while squeezing smaller shippers. (END) Dow Jones Newswires March 21, 2014 17:00 ET (21:00 GMT) Copyright (c) 2014 Dow Jones & Company, Inc.
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