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JPMorgan, Citigroup Helped Cause Lehman's Collapse

JPMorgan Chase & Co. and Citigroup Inc. helped cause the failure of Lehman Brothers Holdings Inc. by demanding more collateral and changing guarantee agreements, according to a court-ordered report on the biggest bankruptcy in U.S. history.
Breaking News
•Retail Sales in U.S. Unexpectedly Rose in February as Shoppers Braved Snow

•U.S. Consumer Confidence Falls for Second Month on Concern Over Job Market

•Stocks in U.S. Fluctuate as Drop in Consumer Confidence Offsets Sales Data

•KKR Files to List $2.2 Billion of Its Shares on NYSE, Broadening Ownership

•Leveraged-Loan Market Reaches 20-Month High as Cost of Borrowing Declines

•Pandit Says He Wouldn't Be `Surprised' If Treasury Weighing Sale of Stake

•Nokia Seeks Dismissal of Apple Antitrust Claims Over Smartphone Technology

•Hoyer Predicts House Will Pass Senate's Health-Overhaul Measure This Month

•Twin Lahore Blasts Leave 53 People Dead, 95 Injured, Rescue Service Says

Exclusive
•Apple, Netflix Wait in Wings While Cable's TV Everywhere Stamps Out Free

•`Invisible Power' of London Money Exposed as Lord Mayor Fights Politicians

• Monsanto May Have Antitrust Edge as Protecting Patents Trumps Competition

•BHP, Anglo, Xstrata Bypass Europe on 10,000-Mile Coal Route to China Ports

•Toyota Sets Goal of Regaining U.S. Market Share Lost to Recalls Within '10

•Retail Buyouts Return in `Goldilocks' Market After Credit Freeze Thawed
Most Popular
•Obama Delays Trip as Health-Care Faces New Hurdle

•JPMorgan, Citigroup Helped Cause Lehman Collapse, Report Says

•Fuld ‘Negligent’ as Lehman Hid Leverage, Report Says

•JPMorgan, Citigroup Helped Cause Lehman’s Collapse

•Retail Sales in U.S. Unexpectedly Rose in February
Top Stories From the Web
»Deutsche Bank Said to Lose Staff on Compensation: N.Y. Post Link

»Meg Whitman’s Holdings Could Pose Conflicts: L.A. Times Link

Photo: $100 bills $100 bills
ANALYSIS: Financial Middlemen Can Cost Up to 6%

You may think you're only paying 0.5% to 2% to have other people manage your money, but the layers of intermediation so prevalent in today's investing world can lead to as much as 6% in non-performance-related fees being assessed along the way.

CLICK HERE FOR INTERACTIVE ANALYSIS
Leaders
•Marchionne Breaks With Hiring Strategy to Pick Soave for U.S. Fiat Return

•Buffett Takes $100,000 Berkshire Salary While Arranging $27 Billion Deal

•Batista Closes Gap on Slim, Gates as OSX Sale Bolsters `Richest Man' Dream

•Why Women Are the Biggest Emerging Market

•Two Cheers for International Women's Day

•The Best Way to Measure Company Performance

CEO Spotlight
Soho China's Zhang Sees 2010 as `Another Record Year'

Play Watch
 
CFO Insight
Rosen Says Deutsche Post's Dividend Is at `Right Level'

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Economy
•Retail Sales in U.S. Unexpectedly Rose in February as Shoppers Braved Snow

•U.S. Consumer Sentiment Slips in This Month's Gauge Rather Than Increasing
Politics
•Democrats' Election-Year Jobs Push Recalls Nixon's '72 Toilet-Paper Gambit

•Hoyer Predicts House Will Pass Senate Health-Care Overhaul This Month
Science
•Birth-Control Pills Reduce Cancer, Lengthen Women's Lives in 40-Year Study

•Unlocking Cancer Drug Mechanism May Avoid Birth Defect Risks, Study Says
Opinion
•Moody's, S&P Are Job Creators Without a Stimulus: Ann Woolner

•IYogi Karma Needs Work on PC Fix-It Service: Rich Jaroslovsky
Spend
•Apple Will Start Taking Orders for IPad Today at 5:30 a.m. California Time

•British Airways Union Plans to Stage Seven Days of Strikes in Late March
Sports
•Connecticut Basketball's Calhoun Agrees to Contract Extension, ESPN Says

•Vonn Takes Third Straight Overall World Cup Skiing Title With Super G Win
Arts and Culture
•Chinese Crickets Train, Have Pre-Bout Sex, Ferocious Fights: Lewis Lapham

•How Annie Leibovitz Found New Partner to Handle $24 Million Debt, Archive

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AMERICAS/EUROPE/ASIA


 EQUITY INDEXES
 VALUECHANGE% CHANGE
S&P 5001,148.71-1.53-0.13
NASDAQ2,362.83-5.63-0.24
Russell 2000674.40-2.82-0.42
S&P/TSX Comp11,980.200.500.00
Mexico Bolsa32,607.204.260.01
Brazil Bovespa69,768.89-115.72-0.17


U.S. MOST ACTIVE BY VOLUME
 PRICE%CHANGEVOLUME
CITIGROUP INC4.08-2.39555748385
BANK OF AMERICA17.03-0.5351407107
FORD MOTOR CO13.151.8644136067
PFIZER INC17.06-1.3331096738
SIRIUS XM RADIO0.9036-0.7127839151

 FUTURES
 VALUECHANGE% CHANGE
Dow10,550.002.000.02
S&P 5001,143.50-2.40-0.21
NASDAQ 1001,917.00-5.50-0.29
S&P/TSX 60704.000.200.03
Mexico Bolsa32,825.0030.000.09
Brazil Bovespa70,280.00-136.00-0.19

INDUSTRY GROUP MOVERS BY %CHANGE
 VALUECHANGE% CHANGE
S&P 500 CONS DISCRET IDX252.32-0.25-0.10
S&P 500 CONS STAPLES IDX282.370.240.09
S&P 500 ENERGY INDEX433.85-0.85-0.20

 CURRENCIES
 VALUECHANGE% CHANGE
EUR-USD1.37560.00750.55
USD-JPY90.67000.16080.18
GBP-USD1.51740.01120.75

 COMMODITY FUTURES
 VALUECHANGE% CHANGE
Oil82.310.200.24
Gold1,110.502.300.21
Natural Gas4.440.000.02

 BONDS
 PRICEYIELD 
2-Year99.8440.96 
10-Year99.2973.71 
30-Year99.8914.63 
Canada 10-Year101.6503.53 
Mexico Global113.2203.49 
Brazil Global118.7503.54 

FED TARGET RATE
 1 MONTH PRIOR 
0.250.25 

 MORTGAGE RATES (Rates may include points.)
 CURRENT1 MO. PRIOR
15-YEAR4.354.44
30-YEAR5.005.05
1-YEAR ARM3.273.96

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