Cyprus’s Banks Open After Two Weeks as Controls Curb Panic

Cyprus’s banks opened for the first time in almost two weeks, with new rules curbing access to cash preventing an initial panic to withdraw deposits.
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Customers Flee Wal-Mart Empty Shelves for Target, Costco

Margaret Hancock has long considered the local Wal-Mart Stores Inc. superstore her one- stop shopping destination. No longer.
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Johnson Senate Exit Puts Control, Bank Chairman in Play

U.S. Senator Tim Johnson’s decision to retire after the 2014 election makes the Democrats’ job of holding their Senate majority tougher.
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Berkshire to Pay Nothing to Be Among Top Goldman Sachs Holders

Warren Buffett’s Berkshire Hathaway Inc. is poised to become one of Goldman Sachs Group Inc.’s largest shareholders without paying anything after the companies agreed on a plan to settle warrants granted at the height of the 2008 financial crisis.
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Bersani Rejected by Grillo Party Lawmakers After Webcast

Italian Democratic Party head Pier Luigi Bersani was rejected by leaders of Beppe Grillo’s Five Star Movement after their talks aimed at forming a governing coalition were broadcast live on the Internet.
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Saving Cyprus Means Nobody Safe as Europe Breaks Taboo

The devil lies in the detail of Cyprus’s salvation.
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Cyprus Salvaged After EU Deal Shuts Bank to Get $13B

Cyprus dodged a disorderly sovereign default and unprecedented exit from the euro by bowing to demands from creditors to shrink its banking system in exchange for 10 billion euros ($13 billion) of aid.
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Yahoo CEO Mayer Buying Summly in Mobile Expansion Effort

Yahoo! Inc., the largest U.S. Web portal, is paying about $30 million to buy Summly, a mobile startup run by a 17-year-old, according to a person familiar with the transaction.
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BRICS Nations Plan New Bank to Bypass World Bank, IMF

The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund.
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Paris $39 Billion Metro Lures Bouygues to Rare Project

Deep inside a dark and damp tunnel under the Saint-Lazare train station in Central Paris, David Petreco points to the wall of a cul-de-sac.
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Euro Erases Advance Versus Dollar on Cyprus Concern

The euro erased a gain versus the dollar after touching the highest level in more than a week on concern political wrangling about the deal to bail out Cyprus has undermined faith in Europe’s financial system.
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Surgery Restoring Penis After Prostate Cancer Increasing

Chris Love shows how he can restore the hydraulics of the penis -- and men’s self-esteem -- by manipulating a rubbery jumble of hoses and inflatable tubes.
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Cyprus Said to Reach Tentative Deal to Avert Default

Cyprus agreed to the outlines of an international bailout, paving the way for 10 billion euros ($13 billion) of emergency loans and eliminating the threat of default.
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Hedge Funds Most Bearish Ever on Copper, Favor Gold: Commodities

Hedge funds are making the biggest bet against copper on record as global inventories expand to a nine-year high, while concern that Europe’s debt crisis will spread spurred the biggest gain in gold bets since 2008.
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Cyprus Teeters on Brink as Euro Chiefs Battle Crisis

European governments battled to save Cyprus from financial ruin, seeking to prevent the woes of the euro area’s third-smallest economy from reviving the debt crisis and rattling markets.
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Cyprus’s Fate Hangs in the Balance as ECB Deadline Looms

Cyprus’s fate hangs in the balance as euro-area finance ministers meet today to decide whether the tiny Mediterranean island has done enough for a bailout that will avert its financial collapse.
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Boris Berezovsky, Early Russia Oligarch, Found Dead at U.K. Home

Boris Berezovsky, one of the earliest and best-known Russian oligarchs, who accumulated vast wealth and influence in post-communist Russia that he struggled in later years to retain, was found dead today at his home in Surrey, England. He was 67.
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Russian Gynecologist Becomes Billionaire in Cyprus Entity

Mark Kurtser, a 55-year-old Russian gynecologist, has become a billionaire after shares of his MD Medical Group Investment Plc, Russia’s largest private provider of women’s and children’s health care, surged 42 percent in five months.
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Hong Kong Homes Face 20% Price Drop as Banks Raise Rates

Hong Kong officials, who have struggled in vain for three years to slow the growth in home prices, are about to get their wish as the city’s biggest banks raise mortgage rates.
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Cyprus Set to Debate Bailout Bill as ECB Deadline Looms

Cypriot lawmakers begin debate today on legislation to unlock bailout funds and prevent a financial collapse with a European Central Bank deadline to cut off funding for its lenders in three days.
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South Korea Says Chinese Code Used in Computer Attack

The biggest cyberattack on South Korean computers in two years used malware code from China, according to an initial investigation that is focusing on possible links to North Korea.
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ECB Gives Cyprus Funding Deadline as New Plan Sought

The European Central Bank said it may cut Cypriot banks off from emergency funds after March 25 as the island nation’s president, Nicos Anastasiades, scrambled to forge agreement on a plan to stave off financial collapse.
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Gold Use in India Gaining May Weaken Attempt to Curb Deficit

Gold use in India, the world’s biggest buyer, may climb for the first time in three years as rising incomes and inflation boost investment demand, undermining efforts to narrow a record current-account deficit.
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North Korea Vows Military Action Against More U.S. B-52 Flights

North Korea warned of “strong military counter-action” if the U.S. again flies B-52 bombers over the Korean peninsula, with two flights this month after the totalitarian regime threatened preemptive nuclear strikes.
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Colorado Tightens Gun Restrictions Amid Hunt for Killer

Colorado begins the task of implementing its toughest gun laws in a decade even as police searched for a suspect, and a motive, in the shooting death of the state’s top prisons official.
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In Ghosn We Trust Tested as Nissan Electric Push Falters

Carlos Ghosn laid a $5 billion bet in 2009 that the world’s next Ford Model T would be electric, and that Nissan Motor Co. would lead a revolution embraced by nations such as Denmark. Three years later, sales of Leaf plug- in vehicles in the Nordic country: 73.
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Europe Weighs Cyprus’s Fate After Lawmakers Reject Deal

European policy makers are weighing how far to push Cyprus after lawmakers in the Mediterranean nation rejected an unprecedented levy on bank deposits, throwing into limbo a rescue package designed to keep it in the euro.
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BlackRock CEO Fink Says Cyprus Instability Will Be Resolved

Laurence D. Fink, chief executive officer of BlackRock Inc., the world’s largest asset manager, said the financial stability of Cyprus will be resolved and U.S. equities will rise 20 percent this year as the economy rebounds.
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Cyprus Boosts Moscow as City Sees Investor Cash Returning

Moscow is counting on changing perceptions of Cyprus as a haven for Russian companies and investors to help fulfill its goal of becoming a global financial center, according to a minister in the city’s government.
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Cyprus Rejects Deposit Levy in Blow to European Bailout Plan

Cyprus’s parliament rejected an unprecedented levy on bank deposits, dealing a blow to European plans to force depositors to shoulder part of the country’s rescue in a standoff that risks renewed tumult in the euro area.
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Apple Seen Raising Dividend More Than 50% to $16 Billion

Apple Inc. is poised to boost its dividend by more than half, according to analysts surveyed by Bloomberg, providing investors hit by a share slump with one of the highest yields in the U.S. technology industry.
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Deauville Zombie Strikes as Cyprus Tax Inflames Crisis

The Deauville zombie is back.
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Treasury Yields Drop Most in Three Weeks Amid Concern on Europe

Treasuries rose, pushing 10-year note yields down the most in three weeks, as an unprecedented proposed levy on bank deposits in Cyprus threatened to reignite the euro region’s debt crisis, boosting demand for a refuge.
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Euro Officials Signal Flexibility on Cypriot Bank Levy

European policy makers signaled flexibility on the application of an unprecedented bank tax in Cyprus, seeking to overcome outrage that threatens to derail the nation’s bailout. European shares and the euro fell.
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Euro, Stocks Drops; Gold, German Bonds Rally on Cyprus

The euro weakened to its lowest level this year, while stocks and commodities slumped, as an unprecedented levy on Cyprus’s bank savings threatened to throw Europe back into crisis. German two-year note yields dropped below zero as Spanish and Italian borrowing costs jumped.
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Euro Falls Most in 14 Months on Cyprus Turmoil; Yen Strengthens

The euro slid the most in 14 months against the dollar after an unprecedented levy on bank deposits in Cyprus threatened to throw Europe back into crisis.
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Bullish Bets Jump Most Since July as Gold Rebounds: Commodities

Investors increased wagers on a commodity rally by the most in eight months as signs of a U.S. economic recovery bolstered the outlook for demand and drove rallies in crude oil, cotton, copper and gold.
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Samsung’s Galaxy S4 Fires First Salvo at IPhone Dominance

Samsung Electronics Co. fired the first of three smartphone salvos this year aimed at hurting Apple Inc. in its home market, releasing a bigger and faster Galaxy S4 that reviewers said may only glance its target.
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New Pope Ventures Outside Vatican First Day as Francis

Pope Francis ventured outside the Vatican’s walls to pray at a Roman basilica on his opening day as the first Roman Catholic leader to hail from outside Europe in more than 1,200 years.
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Merkel’s Reform Crown Slips While Turning Europe German

The political heirs to a decade-old strategy that turned Germany into the economic powerhouse of Europe risk squandering the gains.
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Bank of Korea’s Suh Young Kyung Shuns Schoolgirl Outfit

When Suh Young Kyung joined the Bank of Korea in 1988, officials at the central bank told her to wear a schoolgirl’s outfit. She refused.
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Brazil’s Richest Family Forging $13 Billion Niobium Dream

In 1965, U.S. Navy Admiral Arthur W. Radford persuaded Walther Moreira Salles, a Brazilian banker and former ambassador to the U.S., to back a venture to produce something called niobium.
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California Seizes Guns as Owners Lose Right to Keep Arms

Wearing bulletproof vests and carrying 40-caliber Glock pistols, nine California Justice Department agents assembled outside a ranch-style house in a suburb east of Los Angeles. They were looking for a gun owner who’d recently spent two days in a mental hospital.
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Samsung Targets Galaxy 4 at Apple’s Core IPhone Market

Samsung Electronics Co. is making its biggest run yet at the iPhone’s U.S. loyalists, unveiling the new Galaxy S4 a few blocks from Apple Inc.’s flagship store in New York and broadcasting the event live in Times Square.
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Shanghai Ups Checks as Dead Pigs Pulled From River Hit 6,600

Shanghai stepped up inspections and retrieval of dead pigs from its main river after the number of carcasses found in China’s largest commercial city climbed to at least 6,600 today.
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Boeing Said to Win Ryanair Order Valued at $15.1 Billion

Boeing Co. won an order from Ryanair Holdings Plc worth $15.1 billion at list price, selling 170 737-model planes that are due be phased out in favor of the re-engined Max version, people familiar with the matter said.
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No Pope Elected as Cardinals Prepare to Vote Again

Roman Catholic cardinals failed to elect a successor to retired Benedict XVI in a second round of voting amid speculation they may chose the first pope from outside Europe in more than a millennium.
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India Said to Line Up OPEC Alternatives to Iranian Supply

OPEC’s biggest oil producers are in talks to supply extra crude to India as the nation prepares to halt purchases from Iran because of global sanctions, four people with knowledge of the matter said.
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Conclave Meets: Portraits of Cardinal Papal Contenders

The 115 voting cardinals of the Catholic church began today their secret conclave to choose the successor to Pope Benedict XVI. There is a saying in Rome that “he who enters the conclave a pope exits as a cardinal” and it is notoriously tricky to try to handicap the papal vote.
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Paulson Said to Explore Puerto Rico as Home With Low Tax

John Paulson, a lifelong New Yorker, is exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds, according to four people who have spoken to him about a possible relocation.
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Portugal’s $9 Million Villas Draw Investors to Crisis: Mortgages

At “The Keys,” a cluster of luxury villas on the Atlantic coast modelled on Miami’s palm- tree resorts, builders and gardeners are busy trying to finish before the summer tourist season.
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Karzai Accuses U.S. of Taliban Collusion as Hagel Visits

Defense Secretary Chuck Hagel was greeted on his first visit to Afghanistan since taking office by suicide bombs, threats and Afghan President Hamid Karzai’s accusation that the U.S. is colluding with the Taliban.
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Payrolls Rise as U.S. Jobless Rate Reaches Four-Year Low

Job growth surged last month as automakers, builders and retailers pushed the unemployment rate to a four-year low, defying concerns that budget battles in Washington would harm the economic expansion.
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White House Taking No Actions Yet to Cut Back Its Budget

While President Barack Obama has spent weeks warning of the dark consequences of across-the-board budget cuts, there’s one area of government where his staff has failed to calculate their impact: the White House itself.
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North Korea Fuels Region’s Tensions by Quitting Armistice

North Korea said it will scrap the 1953 armistice, cut a cross-border hotline to South Korea and display its nuclear status, bringing tensions on the peninsula to the highest level in three years.
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Gross Raises U.S. Economic Growth Forecast to 3% in 2013

Bill Gross, whose Pacific Investment Management Co. coined the phrase “new normal” in 2009 to describe an era of subpar growth and a diminishing role for developed economies, sees the U.S. outlook brightening -- at least for 2013.
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Fugitive Hedge Fund Manager Homm Arrested at Gallery

Florian Wilhelm Jurgen Homm, the German hedge-fund manager who has been a fugitive for more than five years, was arrested at the Uffizi Gallery in Florence on U.S. fraud charges.
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Ferrari $1.3 Million Hybrid Hits Resurgent Luxury Market

Ferrari, Bentley, Jaguar, and Rolls- Royce are roaring back with new leather-swathed models after a drop last year in European sales of ultra-luxury cars.
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North Korea Scraps Armistice After UN Vote, Drops Hotline

North Korea carried out its threat to scrap the 1953 armistice that ended the Korean War and cancel a cross-border hotline after the UN Security Council unanimously approved tougher sanctions over a forbidden nuclear test.
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Fed Tests Show 17 of 18 Banks Weathering Severe Slump

The Federal Reserve said 17 of the 18 largest U.S. banks could withstand a deep recession and maintain capital above a regulatory minimum, a sign of how higher standards and supervisory prodding are strengthening the financial system.
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Dell’s Crafted LBO Pitch Gets Messy as Investors Circle

Michael Dell’s $24.4 billion deal for Dell Inc., carefully crafted over six months, has gotten much more complicated.
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Cardinals Go Silent as Vatican Debate on Conclave Heats Up

Roman Catholic cardinals are going silent as divisions open up in their debate about when to start the secret Vatican conclave to pick a successor to retired Pope Benedict XVI.
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Samsung Throws Lifeline to Sharp as Focus Shifts to OLED

Samsung Electronics Co.’s investment in struggling Sharp Corp. signals that the world’s top seller of TVs is accelerating a shift toward higher-end sets using OLED technology as it tries to widen the gap with Sony Corp.
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China’s Richer-Than-Romney Lawmakers Reveal Reform Challenge

The ranks of China’s ultra-wealthy in its legislature swelled 20 percent this year, highlighting the vested interests that may oppose any measures by incoming President Xi Jinping to reduce the nation’s wealth gap.
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TSA Will Permit Knives, Golf Clubs on U.S. Planes

The U.S. Transportation Security Administration will let people carry small pocketknives onto passenger planes for the first time since the Sept. 11 terrorist attacks, along with golf clubs, hockey sticks and plastic Wiffle Ball-style bats.
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China Joining U.S. Shale Renaissance With $40 Billion

China National Petroleum Corp., the country’s biggest oil company, is seeking its first stake in the U.S. as Chinese explorers with $40 billion of cash try to join an energy renaissance unlocking billions of barrels of crude.
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Chavez Legacy of Polarized Venezuela Endangers Transition

Venezuela faces political infighting and the risk of unrest after the death of Hugo Chavez, whose personal brand of socialism left the region’s biggest oil exporter polarized and among the world’s most violent countries.
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Standard Chartered Joins Barclays in Move to Johannesburg

Standard Chartered Plc, the U.K. bank that cut bonuses and boosted its dividend after profit rose, is relocating its African business to Johannesburg from Dubai to take advantage of higher growth rates on the continent.
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Snow Closes U.S. Offices, Disrupts East Coast Flights

Light snow began falling in Washington, where federal offices were closed and more than 1,000 flights scratched, as the city prepared for a storm that dumped more than 9 inches on Chicago.
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Apple’s Planned ‘IWatch’ Could Be More Profitable Than TV

While Tim Cook has dropped hints that Apple Inc. is hard at work on a television to drive the next era of growth, the company’s wristwatch-style device, still in development, may prove more profitable.
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Airlines Scrub Flights as Chicago Awaits 10 Inches of Snow

As much as 10 inches (25 centimeters) of snow may fall in Chicago from a storm that has already canceled more than 1,000 flights into and out of the city as it moves east.
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EU Opens Way for Easier Budgets After Austerity Backlash

European finance ministers opened the way for looser budget policies after a backlash against austerity thrust Italy into political limbo and shattered months of relative stability in European markets.
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Swiss Pay Curbs Leave Government to Struggle With Details

The Swiss government must figure out how to translate some of the world’s toughest rules on executive pay into national law after voters overwhelmingly backed new curbs in a referendum.
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Euro Leaders Demand Austerity as Italy Nears New Vote

European leaders demanded that euro members press on with budget cuts to end the debt crisis as Italy edged closer to a new election after an anti-austerity vote last week resulted in political deadlock.
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Stocks Decline on Economy as Japan Bonds Advance

Stocks fell on concern changes in China’s government policy may slow growth and hurt the global recovery. U.S.-equity index futures pared declines and Japan’s five-year note yield slid to a record.
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HIV-Infected Infant Cured With Early Use of AIDS Drugs

Doctors say they have cured an infant born with HIV for the first time by giving her a cocktail of drugs shortly after birth, a result that could point the way toward saving the lives of thousands more infected children.
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Intuitive Robot Probe Threatens Trend-Setting Surgeries

The safety of robots made by Intuitive Surgical Inc. is being probed by U.S. regulators, raising questions about the prospects of one of the hottest technologies in health care.
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Yeltsin-Era Tycoons Sell Resources for Distance From Kremlin

Russian billionaires who made their fortunes buying commodities assets in the 1990s are exiting natural resources to gain independence as Kremlin-backed oligarchs take their place.
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Benedict Seeks Refuge in Retirement After Church Scandals

Pope Benedict XVI’s life began in a picturesque Bavarian hamlet near Adolf Hitler’s birthplace. He will see out his days at a small Vatican monastery called “The Mother of the Church.”
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‘Girls Gone Wild’ Files Bankruptcy to Fight Vegas Debt

The company behind the “Girls Gone Wild” videos filed for bankruptcy to protect itself from a $10.3 million debt claimed by Steve Wynn’s Wynn Las Vegas LLC and a $5.8 million award won by a woman who says the company used naked images of her without permission.
Read more: Bloomberg news