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Business news in brief

Posted: March 22, 2014 at 3:52 a.m.

QUOTE OF THE DAY “The industry is stronger and more profitable than a year ago.” Gerard Cassidy, RBC Capital Markets banking analyst, on results of the Federal Reserve’s annual bank “stress tests”

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Business, Pages 28 on 03/22/2014

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S&P 500 retreats from record high

Specialist Joseph Dreyer works at his post on the floor of the New York Stock Exchange, Friday, March 21, 2014. Signs that the U.S. economy is emerging from a winter chill drove major stock indexes higher Thursday. Investors were encouraged by an increase in manufacturing and a rise in a key index of economic indicators. (AP Photo/Richard Drew)

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