| STOCK FALLS |
| The News You Need Before You Need It |
Foreign markets are becoming a source of strength for U.S. producers and helping shrink the trade deficit.
Original post:
Economic Preview: Exports strengthening, but consumers aren’t
The U.S. economy appears to be reviving from a nasty recession, but too little has been done to resolve the underlying problem of too much debt, a Federal Reserve official says.
Original post:
Too much debt remains problem: Fed’s Hoenig
It’s time to set pay limits for bankers, just like professional athletes
See the rest here:
MarketWatch First Take: If max pay works for ballers, why not bankers?
Here is the text of the joint statement on the economy released Saturday by the finance ministers and central bankers of the Group of 20 nations.
Original post:
Text of G20 economic statement
The world’s most powerful economies remain committed to delivering the remainder of a $5 trillion global fiscal stimulus while setting the stage for tougher regulations on the banking sector, finance ministers and central bankers from the Group of 20 nations said Saturday.
See more here:
NewsWatch: G20 outlines bank crackdown; stimulus continues
American International Group Inc. has reached an agreement to sell its investment advisory and asset management businesses for $500 million to Bridge Partners, LP, a company owned by Hong Kong-based private-equity firm Pacific Century Group, AIG announced Saturday.
View post:
AIG to sell asset management unit for $500 million
British Prime Minister Gordon Brown warns finance ministers from the world’s 20 most powerful economies against prematurely withdrawing stimulus measures as a fragile recovery begins to take hold.
Read the original post:
Don’t reverse stimulus yet, U.K.’s Brown warns G20
Five banks in Missouri, Iowa, Arizona and Illinois are closed by regulators, bringing the number of U.S. bank failures in 2009 to 89.
Read the original post:
NewsWatch: 5 bank failures bring ‘09 tally to 89
Americans will be encouraged to save more for retirement under a series of moves the Obama administration unveiled Saturday.
See the original post here:
Obama unveils new retirement-savings tools
The 240-Z turned the world of fun cars upside down when it came to market. Switch forward a few years, and a beautiful “Monterey Blue” 370Z arrived in the road test driveway. In many ways, it is still recognizable as a “Z” and nothing else, but in other ways, it could not be more different from the 350 that preceded it.
Read more here:
Auto Review: 2009 Nissan 370Z Touring: A full-bore sports car
