Financials hit by worries over new rules ahead MarketWatch Financial Select Sector SPDR Fund (NYSE:XLF) , which tracks the financial stocks in the S&P 500 Index (INDEX:SPX) , closed 2% lower. The S&P 500 (INDEX:SPX) ...
AP - The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
AstraZeneca gets OK for expanded Crestor use
(AP)
AP - Federal regulators have granted AstraZeneca approval to market its cholesterol pill Crestor as a preventive measure against heart attack and stroke in patients with healthy cholesterol levels.
AP - Could this turn into something more than political theater? President Barack Obama's televised dialogue with Republican lawmakers on health care, promised for later this month, has the makings of an entertaining exchange. But the differences between the basic Democratic and GOP ideas are stark — and the two sides have increasingly hardened their positions in this election year.
AP - Toyota is close to recalling as many as 300,000 of its popular Prius hybrids over brake problems, according to Japanese media — a decision that would further embarrass a trusted brand suddenly beset by safety problems.
Iowa AG files charges over film tax credits
(AP)
AP - Two filmmakers, their companies and the former manager of the Iowa Film Office were accused Monday of mishandling tax incentives designed to lure moviemakers to the state.
AP - A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
AFP - European stocks staged a fragile rebound on Monday after sharp falls last week caused by mounting debt fears in Europe, but Tokyo hit the lowest point in nearly two months as most Asian indices fell.
Genesee & Wyoming 4Q slides; demand firms up
(AP)
AP - Regional freight railroad operator Genesee & Wyoming Inc. said Monday its fourth-quarter earnings fell 28 percent as a weak economy knocked down demand for the goods it hauls.
Nuance Communications narrows 1Q loss
(AP)
AP - Speech-recognition software maker Nuance Communications Inc. said Monday it narrowed its loss in the fiscal first quarter as revenue in the company's two largest divisions, health care and dictation, and mobile and enterprise, increased.
AP - Is there any way out of Europe's debt morass?
Forget the Mortgage, I'm Paying My Credit Card Bill
(U.S. News & World Report)
U.S. News & World Report - Amid high unemployment and sliding home prices, a growing number of struggling consumers are doing what was once considered unthinkable: paying their credit card bills instead of their mortgages. A recent study developed by TransUnion found the percentage of Americans who were current on their credit cards but behind on their mortgage increased to 6.6 percent in the third quarter of 2009, up from 4.3 percent in the first quarter of 2008. Meanwhile, the share of consumers making mortgage payments on time but behind on their credit cards moved in the opposite direction, sliding from 4. ...
AFP - India's economy should expand by 7.2 percent this fiscal year, the government forecast Monday, as growth heads back to the robust levels seen before the global financial crisis.
AP - Homebuyers spurred by low interest rates and government incentives helped lift Beazer Homes USA Inc.'s sales in the last three months of 2009, but the builder only turned a profit because of a hefty tax gain.
Explosion unlikely to slow gas plant development
(AP)
AP - The Connecticut explosion that killed five people won't slow the development of natural gas power plants. But it will likely lead to more scrutiny of a technique used to clear air from gas lines.
Reuters - Toyota Motor Corp was preparing a global recall of its new Prius model on Monday, further damaging its reputation for quality and reliability on the heels of two other massive recalls.
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