Business
Fed weighs how and when to signal higher rates
(AP)
AP - Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered.
Financial reform efforts pit US against Europe
(AP)
AP - U.S. policymakers are struggling to agree on new rules to avoid another financial crisis.
Jackson estate in record deal worth up to $250 mln
(AP)
AP - The estate of Michael Jackson has landed the late King of Pop the biggest recording deal in history: a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years, according to a person familiar with the deal.
Asian stocks mixed ahead of Fed statement
(AP)
AP - Asian stock markets were mixed Tuesday as investors held back ahead of the U.S. Federal Reserves latest assessment of the worlds largest economy.
Landlords must pay taxes for renters to get credit
(AP)
AP - Missouri tax officials are warning people who live in rented housing that they do not qualify for a tax break unless their landlords pay property taxes.
Toyota dismisses account of runaway Prius
(AP)
AP - Toyota Motor Corp. dismissed the story of a man who claimed his Prius sped out of control on the California freeway, saying Monday that its own tests found the cars gas pedal and backup safety system were working just fine.
London stocks open on stable note
(AFP)
AFP - Shares in London were flat at the start of trade on Monday as investors remained cautious about the state of the global economy.
Copper prices fall amid concerns over China
(AP)
AP - Prices for copper fell Monday amid speculation that China, a big importer of the industrial metal, will take steps to slow down its economy.
China TechFaith posts jump in 4Q profit
(AP)
AP - Chinese cell phone designer China TechFaith Wireless Communication Technology Ltd. said Monday it tripled its fourth-quarter profit, helped by a jump in revenue and a rise in value of derivative securities on its books.
Euro ministers say have Greek aid plan if needed
(Reuters)
Reuters - Finance ministers from the 16-country euro zone agreed on Monday to mobilize financial aid for Greece rapidly if needed but revealed little of how their standby plan for the debt-stricken nation would work.
The Recovery Is Gaining Momentum, but Government Is in the Way
(The...
The Motley Fool - Its been a long row to hoe since the economy entered the Great Recession. Even though the recovery seems to be under way, theres still a way to go until the economy returns to normal. Take a peek at the latest economic activity: On the plus side, Februarys retail sales rose by a better-than-expected 0.3%, despite the major snowstorms that blanketed parts of the nation and kept people off the roads. Aeropostale (NYSE: ARO - News), J.Crew (NYSE: JCG - News), and Nordstrom (NYSE: JWN - News) all posted good-looking quarters recently. ...
Ex-NY bank president first accused of TARP fraud
(Reuters)
Reuters - The former president of New Yorks privately held Park Avenue Bank was arrested on Monday on fraud charges, the first person accused of attempting to steal U.S. government bailout funds in the financial crisis.
Limited Brands to pay $1 dividend, start buyback
(AP)
AP - Retailer Limited Brands Inc., owner of Victorias Secret, said Monday that its board of directors has declared a special dividend of $1 per share and authorized a share repurchase program of $200 million.
Homebuilder sentiment index falls in March
(AP)
AP - Harsh winter weather and competition from deeply discounted foreclosures are putting a damper on sales prospects for homebuilders.
Oil below $80 ahead of Fed, OPEC meetings
(AP)
AP - Oil prices extended losses below $80 a barrel Tuesday in Asia as investors eyed meetings of the U.S. central bank and OPEC for trading catalysts.