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Yellen at Fed would likely favor low-rate policy (AP)

March 13, 2010

FILE - In this April 16, 2008 file photo, Janet Yellen, the president of the Federal Reserve Bank of San Francisco speaks in Alameda, Calif. President Barack Obama intends to nominate Yellen to take over as vice chair of the Federal Reserve, a person familiar with the selection said Friday, March 12, 2010.  (AP Photo/Paul Sakuma, File)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.


Examiner unveils Lehman accounting tricks (AP)

March 13, 2010

FILE - In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., front center, is heckled by protesters as he leaves Capitol Hill in Washington after testify before the House Oversight and Government Reform Committee on the collapse of Lehman Brothers. A report by U.S. bankruptcy-court examiner faults Lehman Brothers  executives and auditor Ernst & Young for serious lapses that led to the largest bankruptcy in U.S. history. Will former CEO Richard Fuld be held accountable?(AP Photo/Susan Walsh, file)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.


Retail sales show surprising gain in February (AP)

March 13, 2010

In this Feb. 24, 2010 photo, a Gap store is seen in Paramus, NJ. Retail sales post surprising 0.3 pct February increase raising hopes economy gaining momentum. (AP Photo/Seth Wenig)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.


Stocks end mixed after mixed economic reports (AP)

March 13, 2010

Traders work in the newly renovated section of the New York Stock Exchange. Wall Street stocks are set to build on nearly year-and-a-half highs as they face next week's key economic reports and the US Federal Reserve's monetary policy meeting(AFP/Getty Images/File/Mario Tama)AP - Mixed economic reports held the stock market to only modest moves Friday but gains for the week were strong.


GOP's Ryan Dissects ObamaCare, Lays Out 'Roadmap' To Health (Investor's Business Daily)

March 13, 2010

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.

Regulators shut banks in NY, Florida, Louisiana (AP)

March 13, 2010

People are seen inside the LibertyPointe Bank branch at 120 Broadway, Friday, March 12, 2010 in New York. Regulators on Thursday shut down LibertyPointe Bank in New York City, boosting to 27 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession. (AP Photo/Mary Altaffer)AP - Regulators on Friday shut down banks in New York, Florida and Louisiana, raising to 30 the number of failures this year of federally insured banks.


US retail sales give world stocks another lift (AP)

March 13, 2010

Traders work on the floor of the  New York Stock Exchange, Tuesday, March 9, 2010.(AP Photo/Mark Lennihan)AP - LONDON AP) — European and U.S. stock markets rose Friday after better than expected figures on both sides of the Atlantic helped ease concerns about the pace of economic recovery.


Nucor CEO's pay package falls 43 percent (AP)

March 13, 2010

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)

March 13, 2010

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.

German finance ministry unaware of Greek bailout deal (Reuters)

March 13, 2010

Reuters - The German Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to provide a multi-billion euro bailout package for heavily indebted Greece.

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