U.S. Stocks Erase Gain as India Raises Rates for First Time Since July '08 U.S. stocks declined, ending an
eight-day winning streak for the Dow Jones Industrial Average,
as India’s unexpected interest rate boost spurred speculation
withdrawals of economic stimulus will curtail global growth.
Fed Must Release Bailout Documents Identifying Firms on Brink, Court Rules The Federal Reserve Board must
disclose documents identifying financial firms that might have
collapsed without the largest U.S. government bailout ever, a
federal appeals court said.
Dodd to Cut `Backdoor Bailout' Provision in Banking Bill Faulted by Bair Senator Christopher Dodd will cut a
provision from his financial-regulation proposal that Federal
Deposit Insurance Corp. Chairman Sheila Bair said could provide
a “backdoor bailout” for failing companies.
Finance Bonds Beating Industrials as JP Morgan Sells Debt: Credit Markets Financial company bonds are beating
industrial debt by the most this year after lagging behind in
February, encouraging investors to snap up new issues from
JPMorgan Chase & Co. and Credit Suisse Group AG.
Citigroup Names Kept Secret by Treasury Out of Concerns About Harassment The U.S. Treasury Department
refused to disclose names of Citigroup Inc. executives who
haggled over bailout terms in late 2008 after the bank said they
might be harassed like the American International Group Inc.
workers pilloried for taking big bonuses.
Icahn Begins Hostile $574.4 Million Bid for Lions Gate After Earlier Snub Carl Icahn began a $574 million
hostile offer to buy Lions Gate Entertainment Corp. after the
film studio rejected his efforts to increase his stake to as
much as 30 percent.
Mexico Central Bank Keeps Overnight Rate at 4.5% as Prices Stay in Check Mexico’s central bank kept its
benchmark interest rate unchanged today and said inflation will
stay in line with its forecasts, adding to speculation that
policy makers won’t raise borrowing costs this year.
Televisa, Telefonica, Megacable Alliance Seeks Routes Around Slim's Telmex Telefonica SA, Grupo Televisa SA
and Megacable Holdings SAB said they will bid together in a
Mexican auction for unused fiber-optic lines that will give them
new paths to route phone and Internet traffic across the
country.
Bank of America Hires Ades, Milne to Bolster Emerging-Market Debt Research Bank of America Corp. hired Alberto
Ades as co-head of emerging-market fixed-income strategy, part
of an effort to bolster developing-nation research at the
biggest U.S. bank by assets.
Argentine Dollar Bonds Headed to a Third Weekly Increase on Debt Swap Bets Argentina’s benchmark dollar bonds
are headed to a third weekly gain, the longest winning streak in
2010, on speculation the country is moving closer to
restructuring its defaulted securities.
JBS to Buy Australia's Rockdale Beef From Mitsubishi, Itoham; Shares Fell JBS SA, the world’s biggest beef
producer, said it agreed to buy Rockdale Beef Pty Ltd. in
Australia, without disclosing how much it would pay. Shares
slumped the most in six months.
Pemex's 2009 Proven Crude Oil Reserves Fell 2.1% on Chicontepec Shortfall Petroleos Mexicanos, Latin
America’s largest oil producer, said crude proved reserves
dropped for an 11th consecutive year after the company failed to
meet output targets at its Chicontepec development.