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Pelosi Says Democrats Didn’t Push Massa to Resign (Update1) 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.
Greek Crisis Is Over, Rest of Region Safe, Prodi Says (Update3) 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.
Citigroup Selling TruPS After Repaying Bailout: 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.
Obama Defies Pessimists as Rising Economy Converges With Stocks The political consensus may be that
President Barack Obama’s handling of the economy has been weak.
The judgment of money in all its forms has been overwhelmingly
positive, and that may be the more lasting appraisal.
Stocks Climb as Treasuries, Yen Retreat on Economic Optimism Stocks rose, erasing the 2010 loss
for a gauge of emerging markets, while Treasuries and the yen
fell as data on U.S. wholesale inventories and improving
corporate bond markets bolstered optimism on the economy.
Sex Life Ends at 70 as Health Declines, Study Says (Update1) The average person’s sex life ends
by the age of 70, according to a report published today in the
British Medical Journal.
Hedge Funds Lose Money Even With Euro, Pound Tumbles (Update1) 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.
Unemployment Climbed in 30 U.S. States, Fell in Nine (Update1) Unemployment decreased in nine U.S.
states in January, led by an improvement in Michigan that
demonstrates factories are driving the economic rebound.
LBO Firms Can’t Spend $503 Billion as Deadlines Loom (Update1) Buyout funds sitting on half a
trillion dollars committed by investors may need more than a
decade to put the money to work if mergers and acquisitions
continue at the current pace.
U.S. Stocks Gain on Economic Optimism as Financials Rally U.S. stocks rose for a second day
as a drop in wholesale inventories and improvement in corporate
bond markets added to signs the economy is strengthening,
overshadowing concern China will raise interest rates.