TOP STORIES 
 
US JOBLESS CLAIMS DROP BY 14K IN WEEK 

Initial jobless claims tumble by 14,000 to a seasonally adjusted 351,000 in the week ending March 10, much higher than the 5,000-claim drop expected economists and the latest sign that the labor market is improving.

 
US PRODUCER PRICES RISE 0.4%; CORE PPI UP 0.2% 
 

U.S. wholesale prices increase an adjusted 0.4% in February, a bit less than expected, but still the fastest growth pace in five months, driven by rising gasoline costs. Excluding food and energy, prices rise 0.2%, in line with estimates.

 
CISCO TO BUY NDS GROUP IN $4B DEAL 
 

Cisco Systems plans to buy UK video software maker NDS Group for $4 billion, plus an additional $1 billion in debt, a purchase the technology giant says reflects its increased strategic focus on video.

 
NY FED MARCH MANUFACTURING INDEX RISES TO 20.21 
 

New York manufacturing activity accelerates in March. The Empire State's business conditions index increases for the fourth consecutive month to 20.21 from 19.53 in February. Economists expected the index to drop to 17.9.

 
US STOCKS OPEN FLAT AFTER ECONOMIC DATA 
 

Stocks start the day showing little direction as investors digest firm readings on labor and manufacturing. Bank of America and GE lead early DJIA gainers, while JP Morgan and Alcoa are lower.

 
SEC CRACKS DOWN ON PRE-IPO TRADING 
 

The Securities and Exchange Commission brings charges against two money managers, alleging they misled and overcharged investors on funds formed to buy shares of Facebook, Twitter and other social-media companies.

 
CITI REJECTION STINGS PANDIT 
 

Citigroup's failure to get regulators' approval to return capital to shareholders caught executives and investors off guard and dealt a blow to Chief Executive Vikram Pandit's efforts to revive investor confidence in the bank.

 
OIL DRIFTS HIGHER, TRADES IN NARROW RANGE 
 

Oil futures drift higher an docntinue to trade in a narrow range as market chatter grows about whether pricey crude is headed for a correction. Nymex April crude is up 55c to $105.98 a barrel.

 
IMF SEEN APPROVING €28B GREEK LOAN THURSDAY 
 

The International Monetary Fund board is expected to approve a €28 billion loan for debt-beleaguered Greece despite fears by some members of political risks to the program, say people familiar with the matter.

 
THIRD POINT SAYS YAHOO 'STONEWALLING' ON BOARD 
 

Hedge Fund Third Point has told Yahoo it plans to file a challenge for board seats at the embattled Internet firm "within the week" after its board nominees received a chilly reception.

 
CHINA NET BUYER OF US TREASURYS IN JANUARY 
 

China remains the top holder of U.S. Treasurys in January, but Japan threatens to take over the no. 1 position as a net buyer with another month of record holdings, the Treasury Department says. China's holdings rise to $1.160 trillion, and Japan's rise to $1.079 trillion.

 
 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
HEARD ON THE STREET 
RBI's Hands Are Tied For Now 

India's central bankers could have taken the day off. The Reserve Bank says it left the key rate unchanged --it really has no other option, Harsh Joshi writes.

THE WALL STREET JOURNAL 
Barclays Capital Trims Asia-Pacific Headcount 

Barclays Capital has trimmed headcount in its investment banking division across the Asia-Pacific region, according to people familiar with the matter.

 
  ============ U.S. MARKETS ACTION =========== 
DJIA              down 18.31 points to 13174.50 
NASDAQ            up    0.68 points to 3041.78 
S&P 500           down  0.88 points to 1393.32 
10-year T-note    97 16/32 at 2.2816 yield 
NYMEX Crude       down $0.19 at $105.25/bbl 
Dollar/Euro       up 0.0016 at 1.3045