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Thursday, March 12, 2015

TODAY FINANCIAL NEWS ON MARCH 12, 2015



TODAY FINANCIAL NEWS ON MARCH 12, 2015 BY CNBC:

U.S. stock futures were higher in early trading, with investors looking for a bounce back after two days of losses on Wall Street as concerns over the strong dollar and the Fed continued. (CNBC)

The euro rose against the dollar for the first time in two weeks, recovering from a 12-year low hit earlier today, as a sustained sell-off in the single currency took a pause. (Reuters)

Gold prices were snapping an eight-session losing streak this morning, after settling in New York trading Wednesday at their lowest level since November. (Reuters)

Roger Altman, former Clinton administration official and Evercore Partners (EVR) founder, joins CNBC's "Squawk Box" at 8 a.m. ET to help us make sense of the stronger dollar and its impact on global markets.

United Technologies (UTX) plans to possibly spin-off or sell its Sikorsky Aircraft unit, which builds the Marine One chopper that presidents use, as well as the Black Hawk military helicopter. (FT)

The Fed has mostly approved the capital plans of global banks. The U.S. units of Deutsche Bank and Santander were among the exceptions, whileBank of America (BAC) was allowed to repurchase stock but ordered to address deficiencies. (CNBC)

Veteran banking analyst Mike Mayo, CLSA Americas managing director, joins us at 8:15 a.m. ET to break down the Fed stress tests.

Lumber Liquidators (LL) holds a conference call this morning with investors, as it more fully responds to the recent "60 Minutes" story on the safety of its flooring products. (CNBC)

Alibaba (BABA) is investing $200 million in Snapchat, as the disappearing mobile messaging start-up engages in another funding round, valuing the company at around $15 billion. (Reuters)

With fresh capital and the backing of a big Japanese company, U.S. ride-sharing service Lyft has been valued at $2.5 billion as it looks to take on rival Uber. (CNBC)

Almost two weeks since the FCC approved controversial new rules for the Internet, the agency may be ready to release the 300-or-so-page net neutrality document today. (Re/code)

Two police officers were shot during a protest outside Ferguson, Missouri police headquarters early today, just hours after the city police chief quit following a critical Justice Department report. (Reuters)

Louisiana Gov. Bobby Jindal, a possible 2016 GOP presidential candidate, told CNBC he's a "full-spectrum conservative," while criticizing other Republicans for not trying hard enough to repeal Obamacare. (CNBC)