World News Center
Yellen at Fed would likely favor low-rate policy (AP)
March 13, 2010
AP - President Barack Obama's likely choice of Janet Yellen to become vice chairman of the Federal Reserve would favor a policy that stresses low interest rates to ease unemployment over higher rates to curb inflation.
Examiner unveils Lehman accounting tricks (AP)
March 13, 2010
AP - An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the trickery spells legal jeopardy for executives of Lehman or its auditors Ernst & Young.
Retail sales show surprising gain in February (AP)
March 13, 2010
AP - Retail sales posted a surprising increase in February as consumers refused to let snowstorms stop them from stepping up purchases for everything from clothes to appliances. The improvement provided hope that the recovery from the Great Recession is gaining momentum.
Stocks end mixed after mixed economic reports (AP)
March 13, 2010
AP - Mixed economic reports held the stock market to only modest moves Friday but gains for the week were strong.
GOP's Ryan Dissects ObamaCare, Lays Out 'Roadmap' To Health (Investor's Business Daily)
March 13, 2010Investor's Business Daily - Rep. Paul Ryan, R-Wis., took the national stage last month as he cut down Democratic health care plans point by point. If the GOP should win back the House In November, Ryan will become chairman of the House Budget Committee. And he has lots of ideas. He recently updated his "Roadmap for America's Future" to address many issues, including the budget deficit, entitlement programs, the tax system and health care.
Regulators shut banks in NY, Florida, Louisiana (AP)
March 13, 2010
AP - Regulators on Friday shut down banks in New York, Florida and Louisiana, raising to 30 the number of failures this year of federally insured banks.
US retail sales give world stocks another lift (AP)
March 13, 2010
AP - LONDON AP) — European and U.S. stock markets rose Friday after better than expected figures on both sides of the Atlantic helped ease concerns about the pace of economic recovery.
Nucor CEO's pay package falls 43 percent (AP)
March 13, 2010AP - An Associated Press calculation finds that steel maker Nucor Corp. paid its CEO fell 43 percent last year as it eliminated cash bonuses for executives to help it weather the recession.
Nortel Networks posts profit in 4Q (AP)
March 13, 2010AP - Bankrupt telecom equipment maker Nortel Networks Corp. said Friday it posted a profit in the fourth quarter, thanks to a large gain related to an asset sale.
German finance ministry unaware of Greek bailout deal (Reuters)
March 13, 2010Reuters - The German Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to provide a multi-billion euro bailout package for heavily indebted Greece.
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