NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Thursday, March 21.
Cyprus buys time to pursue bailout options
Banks in Cyprus will remain shut until early next week to prevent a catastrophic flight of capital after efforts by its leaders and European officials to come to terms on a bailout made little progress Wednesday. The Cypriot parliament blocked a €10 billion rescue plan by the European Union Tuesday by rejecting a tax on bank deposits that would have helped fund the rescue. In the aftermath of that vote, President Nicos Anastasiades met the leaders of Cyprus' political parties and officials from the European Commission, European Central Bank and International Monetary Fund to try to salvage the bailout.
Federal Reserve sees slow recovery for years to come
The Federal Reserve trimmed its forecast for economic growth in 2013, but said Wednesday that it's a bit more optimistic that the unemployment rate will decline. The Fed expects the U.S. economy to grow between 2.3% and 2.8% this year, slightly weaker than its prior estimate. Meanwhile, the central bank expects the unemployment rate to fall to between 7.3% to 7.5% by the end of the year. The unemployment rate was 7.7% as of February.
Grocers won't sell altered fish, groups say
Several supermarket chains have pledged not to sell what could become the first genetically modified animal to reach the nation's dinner plates - a salmon engineered to grow about twice as fast as normal. The supermarkets - including Whole Foods Market, Trader Joe's and Aldi -stated their policies in response to a campaign by consumer and environmental groups opposed to the fish. The groups are expected to announce the chains' policies on Wednesday. The supermarket chains have 2,000 stores in all, with 1,200 of them belonging to Aldi, which has outlets stretching from Kansas and Texas to the East Coast.
Earn Starbucks loyalty points beyond cafes
Starbucks has concocted one more way to coax you into buying Starbucks products even when you're not in a Starbucks stores: free stuff. In what's believed to be a first in retail, the world's biggest coffee chain is extending its loyalty card program to the grocery store aisle. The move comes at a time when the multibillion-dollar loyalty card business continues to boom globally as cash-strapped consumers base their purchases less on brand familiarity and more on the financial incentives that their favorite brands offer.