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Janet Yellen Said to Be Obama Pick for Fed Vice Chairman to Replace Kohn Federal Reserve Bank of San
Francisco President Janet Yellen is President Barack Obama’s
pick for vice chairman of the central bank in Washington, two
people with knowledge of the selection process said.
JPMorgan, Citigroup Helped Cause Lehman's Collapse, Examiner's Report Says JPMorgan Chase & Co. and Citigroup
Inc. helped cause the collapse of Lehman Brothers Holding Inc.
by demanding more collateral and changing guarantee agreements,
a bankruptcy examiner said today in a report.
Asian Stocks Rise, Heading to Third Weekly Increase; Honda Advances on Yen Asian stocks rose, sending the MSCI
Asia Pacific to its third weekly advance, as the yen weakened on
speculation Japan’s central bank will loosen monetary policies.
Junk Bonds Beating Investment Grade as TXU, Freescale Soar: Credit Markets High-yield, high-risk bonds are
beating investment-grade debt for the first time this year as
confidence in the U.S. economic recovery gains strength.
Inflation Eroding China's Bank Deposits Signals Zhou Must Increase Rates China’s inflation rate outstripped
returns on household savings for the first time in 16 months,
making it harder for officials to damp rising expectations for
price gains.
Hong Kong Property Prices Set for `Another Good Year,' Sun Hung Kai Says Hong Kong’s home market may see
“another good year” in 2010 as buyers remain financially
sound, according to Sun Hung Kai Properties Ltd., the world’s
biggest developer by market value.
Pandit Says He `Wouldn't Be `Surprised' If Treasury Weighing Sale of Stake Citigroup Inc. Chief Executive
Officer Vikram Pandit said the U.S. Treasury Department will be
free to sell its 27 percent stake in the bank starting next week
and that he “wouldn’t be surprised” if the government were
considering a sale.
Health-Care Bill Faces New Hurdle After Ruling Hinders Quick Passage Plan 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.
India's Stalled Arms-Buying System Leaves Its Military Outgunned by China India, which has tripled its
defense spending in a race against China’s military buildup, is
having trouble converting the funding into weapons and equipment
its military says are urgently needed.
U.S. Aims to Keep Mideast Talks Going After Housing Flap Mars Biden Visit The U.S. will try to keep a new
round of Middle East peace talks on track after containing a
diplomatic flap over Israeli home construction in east Jerusalem
that marred Vice President Joe Biden’s trip to the region.
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