Worldwide
Trade Deficit in U.S. Unexpectedly Shrinks as Oil, Automobile Imports Drop The trade deficit in the U.S.
unexpectedly narrowed in January as demand for foreign oil and
automobiles dropped.
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.
Treasury Yield Curve Near Record Before Bond Sale; Stocks in U.S. Retreat The difference in yields between 2-
and 30-year Treasuries was near the highest on record as the
U.S. prepares to sell $13 billion of bonds amid signs the global
recovery is gaining momentum.
Foreclosures in U.S. Rise at Slowest Pace in Four Years on Obama Efforts U.S. foreclosure filings rose at
the slowest pace in four years in February as the government
sought to reduce record bank seizures, RealtyTrac Inc. said.
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.
Detroit Sells $250 Million of Its Debt Without Recent Disclosure Filings Detroit, the largest U.S. city
whose debt is rated below investment grade, will ask investors
today to buy $250 million of its debt without having filed
annual financial reports on time for five years.
Bain's Sensata Raises $569 Million at Low End in Biggest U.S. IPO of 2010 Bain Capital LLC’s Sensata
Technologies Holding NV sold $569 million of shares at the low
end of its price range in the biggest U.S. initial public
offering this year.
Greece Paralyzed by Strikes as Unions Protest Against Plan to Cut Deficit Greek hospitals, airports and
schools were shut and police scuffled with protesters as unions
staged the second general strike this year against government
budget cuts to curb the European Union’s biggest deficit.
Senate Negotiations Said to Advance on Consumer Division Powers, Oversight Senate negotiators closed in on a
deal for strengthening consumer financial protections, giving
bank regulators a role in rule-making and enforcement, two
Democratic Senate aides briefed on the talks said.
British Airways Lurches Closer to Cabin Crew Strike as Union Talks Fail British Airways Plc’s 12,000 flight
attendants moved closer to a strike after talks with Europe’s
third-largest airline over pay cuts broke down.
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