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Dodd to Offer Financial-Rules Bill in Sign Talks With Republicans Failing Senate Banking Committee Chairman
Christopher Dodd said he will release his version of legislation
to overhaul financial rules, signaling that talks on a
compromise with Republican Bob Corker have collapsed.
Most U.S. Stocks Fall on China Inflation; Banks, Technology Companies Gain Most U.S. stocks fell as higher-
than-estimated inflation in China spurred speculation the nation
will be forced to raise interest rates while technology
companies and banks rallied.
Goldman Sachs Internal Hedge Fund Head Flamand Said Leaving to Start Firm Pierre-Henri Flamand, the head of
Goldman Sachs Group Inc.’s largest internal hedge fund, is
retiring from the world’s most profitable securities firm to
start a hedge fund, according to three people with knowledge of
his plans.
Trade Deficit in U.S. Unexpectedly Shrinks as Oil, Automobile Imports Drop The trade deficit in the U.S.
unexpectedly narrowed in January as imports fell for the first
time in five months, indicating demand is cooling following the
fastest pace of growth in six years.
Foreclosures in U.S. Rise at Slowest Pace in Four Years on Modifications U.S. foreclosure filings rose at
the slowest pace in four years in February as the government
sought to reduce record bank seizures, RealtyTrac Inc. said.
Detroit Sells $250 Million of Its Debt Without Recent Disclosure Filings Detroit, the largest U.S. city
whose debt is rated below investment grade, will ask investors
today to buy $250 million of its debt without having filed
annual financial reports on time for five years.
Private-Equity Acquisitions Set to `Thrive,' Clayton Dubilier's Gogel Says Acquisitions by private equity
firms may increase this year as capital markets improve and
companies dispose of assets, said Donald Gogel, chief executive
officer of private-equity firm Clayton Dubilier & Rice LLC.
Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit Greek hospitals, airports and
schools were shut and police scuffled with protesters as unions
staged the second general strike this year against government
budget cuts to curb the European Union’s biggest deficit.
House, Senate Leaders Agree on Health-Care Language to Advance Obama Plan U.S. House and Senate leaders have
agreed on legislative language to push forward President Barack
Obama’s proposed overhaul of the nation’s health-care system, a
top House Democrat said.
Quake, Aftershocks Cripple Chilean President Pinera's Plan to Spur Economy Sebastian Pinera was inaugurated as
Chile’s president today minutes after powerful earthquakes shook
buildings in Santiago and Valparaiso, stirring memories of last
month’s devastating 8.8-magnitude temblor.
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