Worldwide
Greece's Financial Crisis Is Over, Neighbors Have Room to Move, Prodi Says The worst of Greece’s financial
crisis is over and other European nations won’t follow in its
path, said former European Commission President Romano Prodi.
Stocks Climb as Concern Over Greek Fiscal Crisis Eases; Dollar Trims Gains Stocks rose, erasing losses for the
year for a gauge of emerging markets, while Treasuries fell and
the dollar trimmed gains as China said exports soared by the
most in three years and concern over Greece’s deficit eased. The
British pound weakened as U.K. manufacturing contracted.
Global Confidence Dips as Greek Debt Woes Risk Hurting Economic Recovery Confidence in the world economy
dropped for a second month in March amid concern the fallout
from Greece’s budget crisis will undermine the global recovery,
according to a Bloomberg survey of users on six continents.
Citigroup Plans $2 Billion TruPS Sale After Repaying U.S.: Credit Markets Citigroup Inc., seeking capital
after repaying bailout funds to the Treasury, is selling trust
preferred securities as rising investor demand drives borrowing
costs to near the lowest in almost five years.
Hedge-Fund Losses Show Drop in Euro Fails to Benefit All Currency Traders Hedge funds that trade currencies
are taking hits from politicians casting them as speculators out
to sink the euro and push Greece into insolvency. They are also
losing money.
Fed `Extended Period' Rate Pledge Called Inflexible by Four Policy Makers The Federal Reserve’s pledge to
keep interest rates close to zero for an “extended period” has
come under criticism from policy makers who say it’s restricting
their room to maneuver as the economy recovers.
Billionaire Blavatnik Said to Seek 15% Stake in Reorganized LyondellBasell Billionaire Len Blavatnik, who
controlled LyondellBasell Industries AF before it went bankrupt,
is seeking a 15 percent equity stake in the reorganized company,
according to a person with knowledge of the transaction.
Biden Says Israel, Palestinians to Be Held Accountable for Peace Obstacles Vice President Joe Biden said Israel
and the Palestinians will be held “accountable” for actions
jeopardizing peace efforts, such as Israeli approval of a plan
for new homes in east Jerusalem.
Pelosi Says Democrats Didn't Push New York's Massa to Quit His House Seat House Speaker Nancy Pelosi
dismissed claims by former Democratic Representative Eric Massa
that he was pressured to leave Congress because of his
opposition to health-care legislation.
J&J Pushed Drug's Sale to Elderly After U.S. Warned of False Safety Claims Johnson & Johnson made plans to
reach $302 million in geriatric sales for its antipsychotic
Risperdal just months after federal regulators said the company
falsely claimed the drug was safe and effective with the
elderly, according to internal documents.
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