Euro bounces in line with stocks (AFP)
AFP - The euro bounced back strongly against the dollar on Tuesday, taking a lead from a recovery on the stock markets after a sharp sell-off the previous day.
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Archive for March, 2009
Auditor: Bailed-out banks use aid differently (AP)
AP - Banks that have received federal aid are using the money as they see fit, in some cases providing new loans to customers, retiring debt or buying mortgage-backed securities, a chief investigator told Congress on Tuesday.
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Health nominee Sebelius reveals tax errors (Reuters)
Reuters - Kathleen Sebelius, named as U.S. health secretary by President Barack Obama, became his latest nominee to reveal income tax issues, saying on Tuesday she paid nearly $8,000 to settle errors over three years.
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Philip Morris must pay widow $145 mln: high court (AFP)
AFP - The US Supreme Court on Tuesday dismissed cigarette giant Philip Morris’s appeal of a multi-million dollar punitive damage verdict awarded to the widow of a longtime smoker who died of lung cancer.
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Obama faces high-stakes China, Russia meetings (AP)
AP - Stepping onto the world stage for the first time in his two-month presidency, Barack Obama is holding face-to-face talks with the leaders of the two nations Russia and China most aggressively challenging the U.S. position atop the global order.
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Macy’s records $5.1B charge to write down goodwill (AP)
AP - Macy’s Inc. said Tuesday it will book a hefty $5.1 billion after-tax charge to write down the value of goodwill in 2008. The charge falls within the range of the department store retailer’s $4.5 billion to $5.5 billion forecast.
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HP says pondering Google’s Android (Reuters)
Reuters - Hewlett-Packard Co is studying uses for Google Inc’s Android operating system, but the world’s top PC maker stopped short of saying it had decided to adopt the fledgling software in its products.
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Obama in demand as G20 seeks answer to crisis (Reuters)
Reuters - World leaders meet on Wednesday under intense pressure to produce a morale-boosting response to the worst economic downturn seen since the 1930s.
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Lawmakers push to open travel to Cuba (AP)
AP - It’s time for Congress to end restrictions that for more than half a century have prevented most Americans from visiting Cuba, a bipartisan group of senators said Tuesday.
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Obama, Medvedev to open missile talks (Politico)
Politico - President Barack Obama and Russian President Dmitri Medvedev will likely commit to beginning new talks on reducing nuclear arms stockpiles to no more than 1,500 deployed nuclear warheads when they meet for the first time Wednesday, people familiar with the discussions said
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