Global Glance: House GOP seeks to block retirement savings rule, Comcast buying Dreamworks

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Here are today’s top business headlines from across the nation and world:

House GOP seeks to block stricter rule on retirement savings

WASHINGTON (AP) — The GOP-controlled House has voted along party lines to overturn new Obama administration rules requiring stricter standards for brokers regarding retirement investments. Thursday’s 234-183 vote to reject the rules was driven by Republicans who warn they will limit the options available to investors and could cause brokers to abandon retirement savers with smaller accounts. Read more

Comcast buying Dreamworks Animation for about $3.55 billion

NEW YORK (AP) — Comcast is buying DreamWorks Animation, the film company behind the “Shrek,” ”Madagascar” and “Kung Fu Panda” franchises, for approximately $3.55 billion, strengthening its presence in the important and growing business of children’s entertainment. Read more

Eurozone economy speeds up, reaches size it was back in 2008

LONDON (AP) — It’s been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis. Official figures released Friday show that the eurozone, which as a bloc is the world’s second-largest economy, accelerated unexpectedly at the start of the year to bring it back to the level it was before the recessions of the past eight years. Read more

US consumer spending inches up in March

WASHINGTON (AP) — U.S. consumers boosted their spending by a tiny amount in March as purchases of nondurable goods such as clothing offset a big fall in spending on autos and other long-lasting items. The Commerce Department says spending edged up 0.1 percent last month after a 0.2 percent rise in February. Incomes rose a solid 0.4 percent. Read more

Southwest, Delta tangle over whether to cut or raise fares

DALLAS (AP) — Southwest Airlines caught rivals and Wall Street by surprise when it cut many U.S. fares by $5 each way. The reduction this week applied to tickets bought within seven days of departure, which are usually favored more by last-minute business travelers than vacationers. Meanwhile, Delta Air Lines was busy raising fares on domestic routes by $5 each way. Read more

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