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Dodd to Offer Financial-Rules Bill in Sign Talks With Republicans Failing Senate Banking Committee Chairman
Christopher Dodd said he will release his version of legislation
to overhaul financial rules, signaling that talks on a
compromise with Republican Bob Corker have collapsed.
Stocks in U.S. Advance as Health-Care Overhaul Is Slowed; Banks Lead Rally U.S. stocks rose, reversing earlier
losses, as Citigroup Inc. and Zions Bancorporation led a bank
rally and investors speculated that health-care reform will be
harder to pass.
Corporate Bond Spreads at Narrowest This Year Attract GMAC: Credit Markets Corporate bond yields fell to the
lowest this year relative to benchmark government securities,
luring GMAC Inc. to sell its longest-maturity notes since 2004.
Goldman Sachs Internal Hedge Fund Head Flamand Said Leaving to Start Firm Pierre-Henri Flamand, the head of
Goldman Sachs Group Inc.’s largest internal hedge fund, is
retiring from the world’s most profitable securities firm to
start a hedge fund, according to three people with knowledge of
his plans.
Naked Swaps Crackdown Threat in Europe Rings Hollow Without Obama Backing European politicians and regulators
could initiate a continent-wide ban on speculative trading of
sovereign credit-default swaps tomorrow. Making it stick without
the Americans won’t work.
China Will Seek to Limit Inflation Rate to 5%, Morgan Stanley's Roach Says China won’t allow its inflation
rate to exceed 5 percent, said Stephen Roach, chairman of Morgan
Stanley Asia Ltd., after a report today showed the country’s
consumer prices rose at the fastest pace in 16 months.
KKR Leads $235 Million Debt Refinancing, Credit Line for Harden Healthcare KKR & Co., the private-equity firm
run by Henry Kravis and George Roberts that’s expanding its
investments outside traditional buyouts, led a $235 million
refinancing for Harden Healthcare LLC.
Health-Care Bill Faces New Hurdle After Senate Parliamentarian's Ruling Republicans said the Senate
parliamentarian threw up a hurdle to congressional Democrats’
plans to pass changes to U.S. health-care legislation through a
process called reconciliation.
Quake, Aftershocks Cripple Chilean President Pinera's Plan to Spur Economy Sebastian Pinera was inaugurated as
Chile’s president today minutes after powerful earthquakes shook
buildings in Santiago and Valparaiso, stirring memories of last
month’s devastating 8.8-magnitude temblor.
Obama Gives Nobel Prize Money to 10 Charities, Including Veterans' Group President Barack Obama has
designated 10 charities, including those that serve students and
veterans to get portions of his $1.4 million Nobel Peace Prize
award, the White House announced.
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