U.S. Stocks Gain as Wholesale-Inventory Drop Spurs Optimism; Citi Rises U.S. stocks rose for a second day
as an unexpected drop in wholesale inventories and improvement
in the corporate bond market spurred optimism the global
economic recovery will strengthen.
Unemployment Eased in Nine U.S. States in January, Labor Department Says The unemployment rate decreased in
nine U.S. states in January and climbed in 30, signaling the
thawing of the labor market is not broad-based.
Obama Proving Pessimists Wrong as Rebounding Economy Converges With Stocks The political consensus may be that
President Barack Obama’s handling of the economy has been weak.
The judgment of money in all its forms has been overwhelmingly
positive, and that may be the more lasting appraisal.
Citigroup Plans $2 Billion TruPS Sale After Repaying U.S.: Credit Markets Citigroup Inc., seeking capital
after repaying bailout funds to the Treasury, is selling trust
preferred securities as rising investor demand drives borrowing
costs to near the lowest in almost five years.
Buyout Funds Can't Spend $503 Billion as Venture Capital Deja Vu Threatens Buyout funds sitting on half a
trillion dollars committed by investors may need more than a
decade to put the money to work if mergers and acquisitions
continue at the current pace.
Hedge Funds Return 0.5% in February as Stocks Recover, U.S. Rates Stay Low Hedge funds returned 0.5 percent in
February, led by North American managers, as global stock
markets rose on signs of recovery in corporate earnings and
signs that U.S. interest rates will remain low, Eurekahedge Pte
said.
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.
Vale's ADRs Cut to `Neutral' From `Buy' at UBS on `Disappointing' Results Vale SA’s American depositary
receipts were cut to “neutral” from “buy” at UBS AG, which
cut its valuation for the iron-ore producer to $32.70 from
$34.38 after “disappointing” fourth-quarter results.
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.
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.
Empresas ICA Rises to Five-Week High on Lower Tax Bill, Earnings Revision Empresas ICA SAB, Mexico’s largest
construction company, rose to a five-week high in Mexico City
trading after cutting an estimate for future payments under a
new tax law and revising up its fourth-quarter earnings.
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