Dow and S&P 500 fall on profit worry, GE outlook report (Reuters)
Reuters - U.S. stocks fell on Wednesday as a big rally faltered in the last minutes of trading on worry about the weakening corporate profit picture after a news report raised questions about General Electric's earnings outlook.
NYAG Cuomo warns nine banks about bonus payments (Reuters)
Reuters - New York Attorney General Andrew Cuomo, who negotiated executive payment clawbacks by American International Group Inc as it received a taxpayer bailout, warned nine banks receiving government money on Wednesday that using the funds for bonus payments may be illegal under state law.
Ackman proposes Target spin off property company (AP)
AP - A major shareholder in Target Corp. pitched a plan to Wall Street on Wednesday that would spin off the discount retailer's real estate holdings as a separate entity as a way to increase the value of the company and its shares.