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Bernanke Says Large Bank Bailouts `Unconscionable,' Must Not Occur Again Federal Reserve Chairman Ben S.
Bernanke said government bailouts of big financial companies are
“unconscionable” and must be ended as part of a regulatory
overhaul following the worst financial crisis since the 1930s.
Durable Goods Orders in U.S. Probably Rose as Manufacturers Propel Economy Orders for long-lasting goods in
the U.S. probably climbed in February for a third month, and
home sales were little changed, adding to evidence manufacturing
is heading the recovery, economists said before reports this
week.
India's Surprise Rate Rise Is `Sign of Things to Come' in Inflation Fight India’s central bank will probably
raise interest rates again next month as the first increase in
two years is only the initial step in the battle against
inflation, BNP Paribas SA and Standard Chartered Plc said.
Merkel Says European Help for Greece Must Address Budget Woes at `Roots' German Chancellor Angela Merkel
signaled a demand for greater budget discipline was the price
for her supporting European Union aid to Greece, denouncing what
she called “superficial” solidarity and seeking to quell
speculation of a split with her finance minister on the issue.
Oil India, Indian Oil Said to Make $600 Million Bid That Gulfsands Spurned Oil India Ltd. and Indian Oil Corp.
jointly made the bid for Gulfsands Petroleum Plc that the U.K.
company with assets in Syria and the Gulf of Mexico rejected
last week, three people familiar with the matter said.
Ex-Tyco Chief Kozlowski Seeks Millions in Retirement Benefits After Fraud Ex-Tyco International Ltd. Chief
Executive Officer L. Dennis Kozlowski, jailed for stealing
millions of dollars, wants a U.S. court to order the company to
pay him tens of millions from his retirement account.
SABMiller's China Venture Will Pursue Acquisitions, Boost Brewery Capacity SABMiller Plc and its Chinese
partner, which make the country’s best-selling beer, will
pursue acquisitions and increase production capacity to boost
growth in the world’s most populous nation.
Obama Rallies U.S. House Democrats as Leaders Predict Health-Care Victory President Barack Obama pressed
House Democrats to give final approval to health-care
legislation he called “the toughest insurance reforms in
history” as party leaders predicted they would have the votes
to pass the sweeping overhaul today.
Hatch Says House Democrats `Nuts' to Think Sunday Vote Settles Health Care Republican Senator Orrin Hatch said
Democrats in the U.S. House of Representatives are “nuts” to
think tomorrow’s vote on health-care legislation will resolve
the issue.
U.S., Pakistan Must Step Up Battle Against Militants, Tribal Elders Say The U.S. and Pakistan must step up
their fight against militants if they want to defeat terrorism
and secure peace, tribal leaders from the central Asian country
said yesterday.
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