Tax Tangle

Employees of Indian software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012. REUTERS/Vivek Prakash/Files

Infosys to challenge new tax demand

Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees income tax demand raised by Indian authorities earlier this month.  Full Article 

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Wall St closes lower on Oracle, Cyprus

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Traders work on the floor at the New York Stock Exchange, March 21, 2013. REUTERS/Brendan McDermid

Traders work on the floor at the New York Stock Exchange, March 21, 2013.

Credit: Reuters/Brendan McDermid

NEW YORK | Fri Mar 22, 2013 2:13am IST

NEW YORK (Reuters) - U.S. stocks fell on Thursday after Oracle Corp (ORCL.O) fell short of revenue expectations and worries about Cyprus's effect on the euro zone intensified.

The Dow Jones industrial average slid 90.39 points, or 0.62 percent, to end unofficially at 14,421.34. The Standard & Poor's 500 Index lost 12.91 points, or 0.83 percent, to finish unofficially at 1,545.80. The Nasdaq Composite Index fell 31.59 points, or 0.97 percent, to close unofficially at 3,222.60.

(Reporting by Ryan Vlastelica; Editing by Jan Paschal)
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