U.S.
JPMorgan, Citigroup Helped Cause Lehman Illiquidity, Examiner 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.
U.S. Stocks Gain as Health Care, Banks Send S&P 500 to Highest Since 2008 U.S. stocks rose, sending the
Standard & Poor’s 500 Index to the highest level since October
2008, as Citigroup Inc. led a bank rally and investors
speculated that health-care reform will be harder to pass.
Dodd Ends Talks on Financial Overhaul, Says Bill to Include Corker's Ideas Senator Christopher Dodd, who today
ended three weeks of talks with Republican Bob Corker on
legislation to overhaul financial regulations, said elements
they worked out will be in the bill he introduces next week.
Trade Deficit in U.S. Unexpectedly Shrinks as Oil, Automobile Imports Drop The trade deficit in the U.S.
unexpectedly narrowed in January as imports fell for the first
time in five months, indicating demand is cooling following the
fastest pace of growth in six years.
GMAC's Chief Carpenter Said to Get $9 Million Stock Compensation, No Cash Michael Carpenter, GMAC Inc.’s
chief executive officer, will get a 2010 pay package of about
$9 million entirely in stock, and some or all won’t vest until
later years, according to a person with direct knowledge of the
matter.
Apax, Private-Equity Firms Say Retail LBOs Return as Credit Freeze Abates Private-equity firms looking to buy
retail and consumer companies said they’re now able to finance
deals and pay reasonable prices after the credit crisis and
global recession triggered a buyout slump.
Calpers May Challenge Apple, BlackRock on Method Used to Elect Directors The California Public Employees’
Retirement System, the biggest state-run U.S. public pension,
may use its financial clout to force Apple Inc., BlackRock Inc.
and other companies where it has large holdings to change the
way they elect directors.
Toyota Sets Goal of Regaining U.S. Market Share Lost to Recalls Within '10 Toyota Motor Corp. set a 2010 goal
of regaining most of the U.S. market share lost in the past two
months after global recalls of 8 million vehicles damped demand,
the No. 2 U.S. sales executive said.
Pfizer Says Sutent Tumor Drug Fails Breast-Cancer Patients in Two Trials Pfizer Inc. said the cancer drug
Sutent failed to meet its main goals in two late-stage studies
of advanced breast tumors and the company stopped a late-stage
trial of an experimental medicine for a type of lung malignancy.
P&G's McDonald Stakes Growth on Selling Closer Shaves Than a Mumbai Barber Procter & Gamble Co.’s Bob McDonald
is going undercover in Latin America next week.
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.
House Republicans Eschew Election-Year Earmarks in Bid to Outdo Democrats House Republicans announced they
won’t request any earmarks in an election-year attempt to outdo
Democrats in clamping down on the practice of attaching pet
projects to budget bills.
Christie May Privatize Some New Jersey Jobs to Help Close $11 Billion Gap New Jersey Governor Chris Christie
said he may privatize some state jobs in 2011, as he struggles
to close an $11 billion budget deficit amid rising costs for
employee salaries and benefits.
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