- Stocks closed lower on Wall Street with the Dow falling 65 points to finish at 14,452. The S&P 500 dropped 9 points to 1,552 and the Nasdaq composite closed almost 11 ½ points down at 3,238. Investors are worried by a controversial bailout plan for Cyprus.
- Oil rose 29 cents to end the day at $93.74 a barrel. It had dropped as low as $91.76 earlier in the day. The sharp early losses were reversed as nervousness over a bailout plan for Cyprus abated. The price of gasoline in the U.S. is holding steady at $3.69 -- that's down about 15 cents from a year earlier.
- The Food and Drug Administration is warning doctors and hospital managers about a nationwide recall of all drugs made by a New Jersey compounding pharmacy because they may be contaminated with mold. No infections have been reported to date, but the FDA says it is working with officials in New Jersey and Connecticut to determine the scope of contamination.
- Coca-Cola is introducing a line of fruit-flavored seltzer waters called "Fruitwater" starting April 1. The drink will be part of its Glaceau unit, which makes other pricier bottled waters such as Vitaminwater and Smartwater. Fruitwater comes at a time when Americans are drinking less soda, after per capita sales hit a high in the late 1990s.
- Geico plans to open a customer service center just north of Indianapolis, creating as many as 1,200 jobs by 2016. The Washington, D.C.-based consumer insurer says it will invest millions of dollars to lease, renovate and equip the 109,000-square-foot center, which is expected to open by late April.
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