Worldwide
Retail Sales in U.S. Unexpectedly Rose in February as Shoppers Braved Snow Sales at U.S. retailers
unexpectedly climbed in February as shoppers braved blizzards to
get to the malls, signaling consumers will contribute more to
economic growth.
U.S. Consumer Confidence Falls for Second Month on Concern Over Job Market Confidence among U.S. consumers
unexpectedly declined for a second month in March, a sign
Americans are discouraged about the labor market.
Lehman Misled Investors on Leverage, Fuld Was `Negligent,' Examiner Says Lehman Brothers Holdings Inc. used
off-balance-sheet transactions to understate its leverage in
late 2007 and 2008, deceiving shareholders about its ability to
withstand losses, a bankruptcy examiner’s report said.
Stocks in U.S. Fluctuate as Drop in Consumer Confidence Offsets Sales Data U.S. stocks drifted between gains
and losses, a day after the Standard & Poor’s 500 Index closed
at a 17-month high, as a drop in consumer confidence snuffed out
early gains spurred by an unexpected increase in retail sales.
Janet Yellen Said to Be Obama Pick for Fed Vice Chairman to Replace Kohn Federal Reserve Bank of San
Francisco President Janet Yellen is President Barack Obama’s
pick for vice chairman of the central bank in Washington, three
people with knowledge of the selection process said.
Junk Bonds Beating Investment Grade as TXU, Freescale Soar: Credit Markets High-yield, high-risk bonds are
beating investment-grade debt for the first time this year as
confidence in the U.S. economic recovery gains strength.
AIG Is Said to Query Bonus Holdouts in Push for $45 Million of Concessions American International Group Inc.’s
effort to reach its commitment of $45 million in bonus
concessions are focusing on former employees who have refused to
accept reduced payouts, said people with knowledge of the talks.
Hoyer Predicts House Will Pass Senate's Health-Overhaul Measure This Month House Majority Leader Steny Hoyer
predicted his chamber will pass the Senate health-care overhaul
this month along with a package of changes and said public
support is gaining for the legislation.
Twin Lahore Blasts Leave 53 People Dead, 95 Injured, Rescue Service Says Two suicide bombers attacked an
army convoy in Pakistan’s Lahore, killing at least 53 people and
injuring 95 in the second attack on the city this week, police
and rescue services said.
Obama Delays Asia Trip as Health-Care Legislation Faces Hurdle in Congress President Barack Obama is delaying
his trip to Asia to work on health-care legislation as
Republicans claimed a parliamentary victory in their effort to
derail the measure.
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