U.S. Budget Gap Rises to Record $221 Billion on Spending to Revive Economy The U.S. budget deficit widened to
a record in February as the government boosted spending to help
revive the economy.
Stocks in U.S. Advance on Economic Optimism as Financial Companies Rally U.S. stocks rose for a second day
as a drop in wholesale inventories and improvement in corporate
bond markets added to signs the economy is strengthening,
overshadowing concern China will raise interest rates.
Unemployment Climbs in 30 States, Eases in Nine as Factories Aid Recovery Unemployment decreased in nine U.S.
states in January, led by an improvement in Michigan that
demonstrates factories are driving the economic rebound.
JPMorgan, Top Banks May Charge Off $196 Billion in Two Years, Moody's Says JPMorgan Chase & Co., Bank of
America Corp., Citigroup Inc. and Wells Fargo & Co. may record
more losses on bad loans in the next two years than they have in
the past two, Moody’s Investors Service said.
Google Rivals Asked for Statements as FTC Probes Company's AdMob Purchase U.S. regulators are seeking sworn
declarations from Google Inc. competitors and advertisers as
part of their probe of the Internet company’s bid to buy AdMob
Inc., indicating the government may challenge the deal, said
people with direct knowledge of the matter.
Oaktree Set to Take Control of Almatis Under $1 Billion Debt Restructuring Oaktree Capital Management LLC, a
Los Angeles-based investment fund, is poised to take control of
alumina products-maker Almatis under the terms of the company’s
$1 billion debt restructuring.
Petrobras, Repsol, BG Find More Oil Near 2 Billion-Barrel Brazil Discovery Petroleo Brasileiro SA, Repsol YPF
SA and BG Group Plc found more evidence of oil in the same
offshore Brazilian block where the companies’ Guara field holds
as much as 2 billion barrels of crude.
America Movil Proposes One-Time Dividend, Larger Stock-Buyback Program America Movil SAB plans to pay a
one-time dividend and buy back more of its stock, rewarding
investors as the Latin American wireless carrier pursues the
region’s largest acquisition this year.
Odds of Brazilian Rate Increase Decline If Meirelles Resigns, Volpon Says Brazilian central bank President
Henrique Meirelles is unlikely to raise the benchmark interest
rate this month if he leaves his post to seek a vice
presidential nomination, according to Tony Volpon, a Latin
America strategist at Nomura Holdings Inc.
Argentine Senate Set to Oust Central Bank's Marco del Pont Over Transfers Argentina’s Senate tomorrow will
reject Mercedes Marco del Pont’s appointment as president of the
central bank after she transferred $6.6 billion of reserves to
the Treasury, said opposition Senator Gerardo Morales.
Argentina May Limit Fuel Exports, Intervene in Refineries to Ensure Supply Argentina may limit fuel exports
and force refineries to step up production to ensure domestic
supplies after Petroleo Brasileiro SA and Royal Dutch Shell Plc
cut output.
Buy Bullish Petrobras Options Before Share Sale, Goldman Sachs Recommends Investors should buy bullish
options on Petroleo Brasileiro SA’s American depositary receipts
because its planned share sale strengthens the “long-term”
outlook for Brazil’s state-controlled oil producer, Goldman
Sachs Group Inc. said.
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