U.S.
Stocks, Commodities Climb on Economic Growth Outlook; Dollar, Yen Decline Stocks rose around the world,
commodities advanced and the dollar and the yen fell as sales of
U.S. homes increased more than forecast and speculation grew
that central banks will keep interest rates near record lows.
Existing U.S. Home Sales Jump to Highest Level Since 2007 on Tax Incentive Sales of existing U.S. homes jumped
10 percent in October to the highest level since February 2007
as Americans rushed to take advantage of a tax credit, cheaper
properties and lower mortgage rates.
SEC to Focus on Derivatives as Insider-Trading Probes Widen, Khuzami Says The U.S. Securities and Exchange
Commission will focus on financial instruments such as
derivatives as it broadens a crackdown on insider trading by
hedge funds, enforcement director Robert Khuzami said.
Dollar Slump Persisting as Most Accurate Forecasters See No Bottom in 2010 The most accurate dollar forecasters
predict the world’s reserve currency will continue sliding even
when the Federal Reserve begins to raise interest rates, which
policy makers say is an “extended period” away.
Bank of America May Name Interim CEO to Allow Board More Time for Search Bank of America Corp.’s board may
extend its search for a permanent new chief executive officer
into 2010 if directors can’t settle on a candidate in the next
three days, according to people familiar with the matter.
King Pharmaceuticals May Climb as Battered Drug Firms Lure Private Equity King Pharmaceuticals Inc., LifePoint
Hospitals Inc. and Endo Pharmaceuticals Holdings Inc. may be
buyout targets as private-equity firms seek companies battered
by the economy and poised to gain from the U.S. health overhaul.
Campbell Soup's Profit Rises 17% on Declining Marketing, Ingredient Costs Campbell Soup Co., the world’s
largest soupmaker, said first-quarter profit climbed 17 percent
on decreasing marketing and ingredient costs.
Gartner Says Worldwide PC Shipments to Grow 2.8% in 2009, 12.6% Next Year Worldwide personal-computer
shipments will increase more than expected this year on
accelerating demand for laptops, research firm Gartner Inc. said
today.
New York to Sell $351 Million Bonds as Moody's Urges Lasting Deficit Plan New York seeks bank bids today for
$351.3 million of bonds after Moody’s Investors Service said the
state’s credit rating may fall if spending cuts aren’t part of
plans to close a $3.2 billion budget deficit.
Gates Asks U.S. Military to Probe Why Fort Hood Shooter Won Army Promotion The U.S. military’s review of the
Fort Hood shootings must include an assessment of the accused
shooter’s career path and whether he should have been promoted,
according to Defense Secretary Robert Gates.
Crib Recall Said to Be Planned by U.S. Agency; May Be One of Biggest Ever A safety recall of cribs with
dropdown sides will be announced tomorrow by the U.S. Consumer
Product Safety Commission, a person familiar with the
regulator’s plans said.
Democrats Show Signs of Disunity on Health Care as Debate Looms in Senate Democrats who united last week to
bring a sweeping health-care plan to the U.S. Senate floor still
need to settle disagreements in their own ranks to pass
President Barack Obama’s top domestic initiative.
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