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Suez traffic resumes after oil tanker accident (AFP)

AFP - Traffic in Egypt's Suez Canal on Monday returned to normal, a day after an oil tanker ran aground in the waterway, a canal official said. (29-03-2010 07:57 PM)

Three Top B-Schools Look for New Deans (BusinessWeek)

BusinessWeek - (Corrects date of Snyder's departure and clarifies that the school's 150% endowment growth under Snyder does not include a $300 million gift from alumnus David Booth.) (29-03-2010 07:08 PM)

Is a Short Sale Right for You? (BusinessWeek)

BusinessWeek - Home prices have dropped as much as 50% in some parts of the country, and many readers in those areas keep asking what they can do to stop the bleeding? In my last article, I described various strategies available to lower your monthly mortgage payments. But what options do you have if you are so far underwater that refinancing is not feasible and you are desperate to get out from under? The short answer is the short sale. What is a short sale? It is when you sell your home (including sales commissions and other closing costs) for less than you owe on the mortgage. ... (29-03-2010 07:08 PM)

Comeback of the Year: Behind Genworth's 700% Rebound (BusinessWeek)

BusinessWeek - A year ago, few companies were having as tough a time as Genworth Financial . Like other life insurers, it had seen its investments decimated by market turmoil. There "was a fear that a lot of these companies weren't solvent," says Standard & Poor's equity analyst Bret Howlett. "Genworth was at the top of that list." But Genworth had another problem, as one of the only providers of both life and mortgage insurance. Its U.S. mortgage business was seeing big losses as homeowners defaulted on their loans amid the worst housing market. ... (29-03-2010 07:08 PM)

FTSE 100 boosted by miners (AFP)

AFP - Leading shares gained on Monday as rising metals prices boosted the share prices of major mining companies. (29-03-2010 06:50 PM)

Best Buy eyes May UK launch; Carphone demerger (Reuters)

Reuters - U.S. electrical goods retailer Best Buy will open its first British store in May, it said on Monday, as partner Carphone Warehouse completed its demerger from telecoms arm TalkTalk . (29-03-2010 05:42 PM)

Japan retail sales rise 4.2 percent in February (AP)

AP - Japan's retail sales jumped for the second straight month in February, offering a sign the country's economic recovery is broadening to households. (29-03-2010 05:39 PM)

China Sinopec's 2009 profit more than doubled (AP)

AP - Sinopec, Asia's biggest refiner by volume, said profit more than doubled in 2009 on lower crude oil costs and a revival in demand amid China's stimulus-fueled recovery. (29-03-2010 05:36 PM)

Japan auto production surges in February (AP)

AP - Japanese automakers said their global production surged in February, as Toyota boosted output 83 percent from a year earlier despite an ongoing recall of several key models. (29-03-2010 05:33 PM)

EU economic sentiment improves in March (AP)

AP - A survey shows economic sentiment in the European Union improved in March, due mainly to industrial juggernaut Germany, after a pause in February. (29-03-2010 05:32 PM)

World stocks, euro rise as debt worries ease (AP)

AP - World markets rose and the euro strengthened Monday in the wake of the announcement of a eurozone aid plan for Greece, which the debt-ridden country followed up by planning a new bond issue. (29-03-2010 05:01 PM)

Falkland explorer's shares fall on drilling update (AP)

AP - The energy exploration company probing for oil north of the disputed Falkland Islands said Monday that the reservoir it was trying to exploit was of low quality — an announcement that quickly led to a drop in the company's share price. (29-03-2010 05:01 PM)

Greece tests market with 7-year bond after debt deal (Reuters)

Reuters - Greece mandated five banks on Monday for a new benchmark seven-year bond, its first test of the market after a European-IMF debt support mechanism was agreed last week. (29-03-2010 04:46 PM)

Greece to issue new 7-year govt bond (AP)

AP - Greece has appointed five banks to handle a new seven-year bond issue that will come due on 20 April 2017. (29-03-2010 04:38 PM)

New Government Plan to Prevent Homeowners' Loan Defaults (Time.com)

Time.com - The government's new multifaceted plan to help troubled homeowners aims to reduce the amount owed on mortgages -- a big shift from the last plan. But can it stem the tide of foreclosures? (29-03-2010 03:40 PM)

Farmers group touts lentils, other healthy legumes (AP)

AP - Lentils are a hot topic among gourmets these days, with recipes for them popping up in most major food magazines. (29-03-2010 02:05 PM)

End of Home-Buyer Programs May Delay Housing Recovery (Time.com)

Time.com - Big federal programs to help the housing market are soon to end, and a rush of foreclosures may be about to begin. The bottom line, analysts say, is a sideways movement for sales and prices, with a risk that things could get worse (29-03-2010 12:05 PM)

Oil above $80 as traders look to US jobs data (AP)

AP - Oil prices rose above $80 a barrel Monday in Asia as investors look to a key U.S. jobs report later this week for clues about the outlook for consumer spending. (29-03-2010 11:52 AM)

Asian stock markets mixed in early trading (AP)

AP - Asian markets were mixed early Monday after shares in New York on Friday gave back most of their gains on concerns over whether a recent rally could be sustained. (29-03-2010 09:51 AM)

JP Morgan payoff in WaMu case faces FDIC hurdle: report (Reuters)

Reuters - The Federal Deposit Insurance Corp is not yet on board with Washington Mutual Inc's bankruptcy reorganization plan, including a massive tax refund to JPMorgan Chase & Co , according to the company and a Wall Street Journal report. (29-03-2010 09:47 AM)



 


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