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Dodd to Offer Financial-Rules Bill in Sign Talks With Republicans Failing Senate Banking Committee Chairman
Christopher Dodd said he will release his version of legislation
to overhaul financial rules, signaling that talks on a
compromise with Republican Bob Corker have collapsed.
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. and Zions Bancorporation led a bank
rally and investors speculated that health-care reform will be
harder to pass.
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.
Goldman Sachs Internal Hedge Fund Head Flamand Said Leaving to Start Firm Pierre-Henri Flamand, the head of
Goldman Sachs Group Inc.’s largest internal hedge fund, is
retiring from the world’s most profitable securities firm to
start a hedge fund, according to three people with knowledge of
his plans.
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.
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.
KKR Leads $235 Million Debt Refinancing, Credit Line for Harden Healthcare KKR & Co., the private-equity firm
run by Henry Kravis and George Roberts that’s expanding its
investments outside traditional buyouts, led a $235 million
refinancing for Harden Healthcare LLC.
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.
Obama Gives Nobel Prize Money to 10 Charities, Including Veterans' Group President Barack Obama has
designated 10 charities, including those that serve students and
veterans to get portions of his $1.4 million Nobel Peace Prize
award, the White House announced.
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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