Stocks Gain Around World on Economic Growth Outlook as Dollar, Yen Decline Stocks rose around the world and the
dollar and the yen fell as sales of U.S. homes increased more
than forecast and speculation grew that central banks will keep
interest rates near record lows.
GE Is Said to Lean Toward Public Sale of Vivendi's Stake in NBC Universal General Electric Co. is leaning
toward allowing an initial public offering of Vivendi SA’s
minority holding in NBC Universal as talks to purchase the stake
stall, a person with knowledge of the situation said.
SEC to Focus on Derivatives as Insider-Trading Probes Widen, Khuzami Says The U.S. Securities and Exchange
Commission will focus on financial instruments such as
derivatives as it broadens a crackdown on insider trading by
hedge funds, enforcement director Robert Khuzami said.
Fed Said to Ask Stress-Tested Banks to Submit Plans for Repaying U.S. Aid The Federal Reserve asked nine of
the U.S. banks that were part of this year’s stress tests to
submit plans for repaying the government’s capital injections, a
person familiar with the situation said.
Morgan Stanley Names Ex-Merrill Manager Moffitt to Securitization Business Morgan Stanley, preparing for a
resurgence in securitized debt sales, hired former Merrill Lynch
& Co. executive David Moffitt to lead the effort within the
firm’s capital markets division.
Zions Leads Bank Stocks on Plan to Reduce Deferred Tax Assets, Swap Shares Zions Bancorporation, Utah’s largest
lender, rose 13 percent, the most of any company in the KBW Bank
Index, after saying it will reduce the value of deferred tax
assets and offer to exchange preferred shares for common.
Colombia Unexpectedly Cuts Rate to 3.5% on Inflation Outlook, Growth Slump Colombia’s central bank unexpectedly
cut its benchmark interest rate to a record low as policy makers
seek to take advantage of below-target inflation to give an
extra boost to a sluggish economic recovery.
Mexico's Credit Rating Cut by Fitch as Oil Output Drop Swells Budget Gap Mexico’s investment-grade credit
rating was lowered by Fitch Ratings as tumbling oil output and
the worst recession since the 1930s swell the budget deficit.
Goldman Calls `Unnecessary Roughness' After Missing Fitch Mexico Downgrade Goldman Sachs Group Inc.’s Paulo
Leme called Fitch Ratings’s downgrade of Mexico “unnecessary
roughness,” saying the decision ignored the country’s efforts
to stem a widening budget deficit.
Bovespa Gains on Economic Growth Outlook, Rising Commodities; Bolsa Climbs Brazilian stocks rose for the first
time in three days on speculation low interest rates and
economic stimulus from the country’s biggest trading partners
will sustain demand for commodities.
Xstrata Begins `Amicable' Wage Talks at Altonorte Copper Smelter in Chile Xstrata Plc will begin talks today
with workers at its Altonorte copper smelter in northern Chile
to reach a new wage accord, a company spokeswoman said.
Argentina's `Policy-Induced' Toll Operator Default to Swell Budget Deficit Argentine highway operator
Autopistas del Sol SA’s bond default is adding to concern the
budget gap will swell to the widest in nine years as the
government takes over unprofitable companies, Moody’s
Economy.com says.