Yahoo! News: Business NewsJudge orders renegotiation of 9/11 settlement
(AP)
AP - A federal judge on Friday rejected a legal settlement of more than a half-billion dollars for people sickened by ash and dust from the World Trade Center, saying the deal to compensate 10,000 police officers, firefighters and other laborers didn't contain enough money for the workers.
AP - Contractor URS Corp. and the state of Minnesota have settled a lawsuit over the 2007 collapse of the Interstate 35W bridge in downtown Minneapolis that killed 13 people.
Stocks fall as worries about Greek debt return
(AP)
AP - Stocks halted their steady climb Friday after renewed concerns about Greece's ability to pay its debts left investors questioning a global economic recovery.
AP - The head of the Federal Deposit Insurance Corp. said Friday loopholes need to be filled in new Senate legislation to ensure an end to the disastrous "too-big-to-fail" approach that brought the government rushing in to bail out big banks in the financial crisis.
Analyst sees little impact from home tax credit
(AP)
AP - Pulte Homes Inc. is not seeing many sales as result of a federal tax credit designed to spur home purchases, an analyst wrote Friday, so its sales are therefore unlikely to fall after the incentive expires.
The four cities that best weathered the recession
(AP)
AP - Call them the Final Four: The four large cities that have made it through the Great Recession with the smallest increases in unemployment.
American Dairy Chairman Leng You-Bin buys shares
(AP)
AP - American Dairy Inc., which produces and distributes infant formula, milk powder and soybean, rice and walnut products in China, said Thursday that Chairman Leng You-Bin bought approximately $1 million of its common stock.
Lawmaker seeks records on Fed Board stock ownership
(Reuters)
Reuters - The head of the House of Representatives' Oversight Committee said on Friday he had asked the Federal Reserve to provide all documents relating to a rule waiver that allowed then-New York Fed Board Chairman Stephen Friedman to hold and purchase stock in Goldman Sachs Gorup .
Earnings schedule for week of 03/22/10
(AP)
AP - Major companies tentatively scheduled to report quarterly earnings next week:
EU seeks firm Greek aid plan
(Reuters)
Reuters - The European Union's monetary affairs chief urged the bloc's leaders on Friday to agree a standby aid package for Greece next week but France and Germany struck different notes and the euro slid.
AP - Indoor waterpark resort company Great Wolf Resorts Inc. said Friday it plans to offer $225 million of first mortgage notes due 2017.
Pressure mounts over IMF role in Greek crisis
(AFP)
AFP - Europe split over IMF intervention for debt-ridden Greece on Friday, upping pressure on national leaders to resolve crisis plans just days from a crunch EU summit.
AP - Discount apparel retailer Syms Corp. on Friday named Joel Feigenbaum chief integration officer.
House GOP calls for Fannie, Freddie phase out
(Reuters)
Reuters - Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market.
Oil settles near $80 a barrel
(AP)
AP - Oil prices slumped at the end of the week, tumbling Friday close to $80 a barrel as continued uncertainty about Greece's economy helped lift the dollar higher.
AP - Germany's Daimler AG said Friday it doesn't plan to exercise an option to sell its sizable stake in aerospace and defense contractor EADS N.V.
Out-Frenching the French
(BusinessWeek)
BusinessWeek - Ooh la la! Our family's INSEAD MBA (INSEAD Full-Time MBA Profile) experience feels like one intense Twilight Zone episode. Time has lost all value, and it's difficult to pinpoint when my husband, Mark, actually attended his first lecture. Was it four months ago or four days ago? Or has it been four years now? Standard calendars confirm the program commenced in September 2009, but the whirlwind of events that has transpired since then has aged me several years. ...
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