U.S. Retail Sales Probably Dropped in April Amid Housing Slump, Job Losses Sales at U.S. retailers probably fell
in April as the biggest housing slump in a quarter century,
record gasoline prices and the loss of jobs took their toll,
economists said before reports this week.
Treasury Cash Avalanche Spells Respite for Worst Bear Market in Four Years Treasury investors beset by rising
debt sales and faster inflation are about to get a reprieve.
Dollar Bulls Gain Control as Futures Signal High-Flying Euro Close to Peak For the first time since December
2005, futures traders are turning bullish on the dollar.
Los Angeles Downtown on Sale at 65% Off as Debt Drags Down Meruelo Maddux A package of Los Angeles real estate
on sale for 35 cents on the dollar is attracting investors to the
depressed shares of Meruelo Maddux Properties Inc., the biggest
private landowner in the city's four-square-mile downtown.
Nymex Chief Newsome Says Shareholders Will Approve Planned Purchase by CME Nymex Holdings Inc. shareholders will
approve its planned sale to CME Group Inc. because the
transaction has ``great value,'' enough to compensate for a
price decline of almost $2 billion, Nymex's Chief Executive
Officer James Newsome said.
Michael Jackson Avoids Foreclosure on Neverland Ranch as Colony Buys Loan Pop star Michael Jackson averted
foreclosure of his Neverland Ranch because Colony Capital LLC
bought the loan on the property.
Venezuela, China to Pump Oil in Orinoco, Supply Planned Chinese Refinery Venezuela agreed with China, the
world's fastest-growing major economy, to form a joint venture
that will produce oil in Venezuela's Orinoco Belt to supply a new
400,000 barrel-a-day refinery they will build in China.
Venezuelan Bonds Drop Amid Concern on Link Between Chavez, Colombia Rebels Venezuelan bonds fell, sending yields
over U.S. Treasuries to their widest in almost four years, amid
speculation that links between President Hugo Chavez and
guerrillas fighting Colombia's government may be extensive.
Argentine Farmers Strike Will Probably Extend Beyond May 15, Buzzi Says An Argentine farm strike that has
slowed grain exports from South America's second-largest economy
may extend beyond May 15, farm leader Eduardo Buzzi said.
Televisa, Gerdau Lead Year's Busiest Week for Latin American Bond Sales Grupo Televisa SA, Mexico's largest
television broadcaster, and steelmaker Gerdau SA led $1.3 billion
of Latin American bond sales in the busiest week for corporate
borrowers this year, after Brazil received an investment-grade
rating for the first time.
Chavez to Decide This Week on Mining Permits for Crystallex, Gold Reserve Crystallex International Corp. and
Gold Reserve Inc. may get mining permits from Venezuelan
President Hugo Chavez, less than two weeks after their stocks
plunged on announcements operations would be blocked on
environmental grounds.
Chavez Says He Will Sign Law Nationalizing Ternium Unit Sidor Tomorrow Venezuelan President Hugo Chavez
will sign tomorrow the law nationalizing Siderurgica del
Orinoco, a unit of Luxembourg's Ternium SA, after the country's
Supreme Court last week ratified Chavez's initial decree.