Rob's Wrap: Nasdaq, S&P 500, Banks, Celera TheStreet.com (subscription) The longer-term picture for the S&P 500 is similar to the Nasdaq's -- an index that has risen high off the March 2009 low and is now meeting long-term ...
AP - President Barack Obama says he wants projects helping specific states yanked from the health care bill Congress is writing. Democratic senators, being senators, beg to differ.
AP - China's top parliamentary adviser said Saturday that keeping the economy stable and steady must remain the government's biggest priority this year.
AP - President Barack Obama's likely choice of Janet Yellen to become vice chairman of the Federal Reserve would favor a policy that stresses low interest rates to ease unemployment over higher rates to curb inflation.
AP - An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the trickery spells legal jeopardy for executives of Lehman or its auditors Ernst & Young.
GOP's Ryan Dissects ObamaCare, Lays Out 'Roadmap' To Health
(Investor's Business Daily)
Investor's Business Daily - Rep. Paul Ryan, R-Wis., took the national stage last month as he cut down Democratic health care plans point by point. If the GOP should win back the House In November, Ryan will become chairman of the House Budget Committee. And he has lots of ideas. He recently updated his "Roadmap for America's Future" to address many issues, including the budget deficit, entitlement programs, the tax system and health care.
AP - Retail sales posted a surprising increase in February as consumers refused to let snowstorms stop them from stepping up purchases for everything from clothes to appliances. The improvement provided hope that the recovery from the Great Recession is gaining momentum.
KKR files for long-awaited NYSE listing
(Reuters)
Reuters - Private equity firm Kohlberg Kravis Roberts & Co has filed to list $2.2 billion in shares on the New York Stock Exchange, moving forward in its long effort to become a publicly traded U.S. company.
Nucor CEO's pay package falls 43 percent
(AP)
AP - An Associated Press calculation finds that steel maker Nucor Corp. paid its CEO fell 43 percent last year as it eliminated cash bonuses for executives to help it weather the recession.
Nortel Networks posts profit in 4Q
(AP)
AP - Bankrupt telecom equipment maker Nortel Networks Corp. said Friday it posted a profit in the fourth quarter, thanks to a large gain related to an asset sale.
Slow financial regulatory reform irks industry
(Reuters)
Reuters - The pace of financial regulatory reform remains slow even as the global economy struggles to recover from a crisis that many say was caused by inadequacies in the current system, attendees at an annual financial conference said this week.
AP - Investigators are confronted with a series of nagging questions as they try to unravel the case of a California real estate agent who said his Toyota Prius turned into a runaway death trap after the gas pedal became stuck.
Oil-Dri board approves additional share buy-backs
(AP)
AP - Cat litter maker Oil-Dri Corp. of America said Friday its board approved the repurchase of 250,000 more shares and declared a quarterly dividend on common and Class B shares.
AFP - A California prosecutor has filed a civil lawsuit against Toyota, accusing the Japanese carmaker of intentionally hiding deadly defects from consumers.
Why MBAs are Going East
(BusinessWeek)
BusinessWeek - James Tsai is the sort of MBA corporate recruiters covet. He went to a good prep school, earned a degree with honors from Middlebury College, and made vice-president in Bank of America's (bac.) international wealth management group at the age of 26. Today, Tsai is about to graduate, straight A's in hand, from Northwestern's Kellogg School of Management, a top-rated program in America. And he's hustling to land his first post-MBA job -- in China.
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