News

Pay rules may prompt Goldman to shed bank charter | Reuters "Some investors believe Goldman Sachs Group Inc may try to shed its commercial banking charter to sidestep U.S. government efforts to rein in exorbitant Wall Street…

Boy dies of swine flu infection | The Japan Times Online The boy became the youngest, and 18th, fatal victim of the epidemic in Japan Robert Reich's Blog: Why the Dow is Hitting 10,000 Even When Consumers Can't Buy And Business Cries…

U.S. mortgage delinquencies set record | Reuters "High U.S. unemployment keeps pushing up the rate of mortgage delinquencies, which could in turn drive personal bankruptcies and home foreclosures, monthly data from the Equifax…

Google This: 5 Reasons to Switch to Bing "Here we’ll break down 5 awesome Bing-specific features that are really growing on us. From insightful information to help us better plan our trips to cashback on purchases, and a visually…

FT Alphaville - Is all well at Wells Fargo? Wells Fargo is starting to pay for its tight-lipped limited disclosure policy. From Bear to Bull: James Grant on Recession and Recovery - WSJ.com I don't agree with Grant , but here it is.…

Bernstein: Best Value In Junky Names - CNBC.com It sounds like Bernstein is moving to the dark side. Obama Approval Stays Steady -- Political Wire "A new Pew Research survey finds President Obama's approval rate steady at 55%…

Ireland to Pay 54 Bln Euros For "Bad Bank" - NYTimes.com "Finance Minister Brian Lenihan told parliament on Wednesday that the government would demand a 30 percent haircut for parking commercial property loans with a…

Wells Fargo fires executive who partied at repossessed Malibu mansion "For an executive at the US bank Wells Fargo, a repossessed $12m beach house in southern California proved just too tempting. The financial institution has fired…

Spain's Struggles Illustrate Pitfalls of Europe's Common Currency - WSJ.com "Could the divergent economic fortunes of euro-zone countries pose a problem for the currency union itself?" Economist's View: "For All Obama's…

'False dawn' in UK housing market "It's tempting to call the turn in the mortgage market at this point, and there is certainly concrete evidence that lending for house purchase is increasing," said the CML's economist Paul…