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.
News Corp. Joined By Rivals Considering Pulling Their Stories From Google Publishers of the Denver Post and
the Dallas Morning News may pull some of their stories from
Google Inc.</a>’s news site, a move that would emulate News Corp.’s
Rupert Murdoch.
Gross Increases Total Return Fund Holdings of U.S. Debt to Five-Year High Bill Gross, who runs the world’s
biggest bond fund at Pacific Investment Management Co.,
increased his holdings of government-related debt to 63 percent,
the highest proportion since July 2004.
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.
Billionaire Carl Icahn Outbids Penn National to Open Fontainebleau Auction Carl Icahn will be the opening
bidder in an auction of the bankrupt Fontainebleau Las Vegas
casino resort after Penn National Gaming Inc. dropped out.
Chicago-Area Toll Road System Seeking $280 Million in Build America Bonds The Illinois Tollway, seeking to
ease congestion on toll roads around the third most-populous
U.S. metropolitan area, returns to the municipal market with a
$280 million Build America Bond issue.
Mexico Peso Set to Rally 20% as Pimco Says Buy After Fitch Debt Downgrade Mexico’s peso is poised to rise as
much as 20 percent against the dollar over the next year
because the currency is one of the cheapest in emerging markets
and exports to the U.S. are set to grow, according to Pacific
Investment Management Co.
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.
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.
BHP Agrees to Raise Pay at Chile's Spence Copper Mine to End 41-Day Strike BHP Billiton Ltd., the world’s
biggest mining company, agreed to raise wages at its Spence
copper mine in Chile to end a six-week strike.
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.