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Business News

Stocks narrowly mixed in early trading (AP)

People walk on Wall Street, Tuesday, March 9, 2010, in New York. Investors are continuing to search for direction Wednesday, March 10, after two days of relatively flat trading. Stock futures are narrowly mixed.(AP Photo/Mark Lennihan)AP - Investors are searching for direction after two days of relatively flat trading. Stocks are narrowly mixed in early morning trading.


Terra picks CF buyout bid over previous Yara deal (AP)
AP - Fertilizer company Terra Industries says it will pursue a bid to be acquired by CF Industries instead of a previous agreement with Norway's Yara.

Bank of America ends overdraft fees on debit cards (AP)

FILE - In this July 17, 2009 file photo, a customer uses a Bank of America ATM in Charlotte, N.C. The Treasury Department has received a record $1.54 billion from the sale of warrants it received from Bank of America Thursday, March 4, 2010, as part of the support it provided during the financial crisis. (AP Photo/Chuck Burton, file)AP - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.


Google CEO: Development in China dispute 'soon' (AP)
AP - Google's CEO says the Internet search company is in active negotiations with the Chinese government and expects some sort of resolution in its dispute with Beijing soon.

Senate to pass jobless aid, business tax breaks (AP)
AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt.

Oligarch wins suit against Russian broadcaster (AP)

Exiled Russian oligarch Boris Berezovsky (pictured in February) has won 150,000 pounds libel damages over a claim he was linked to the murder of ex-spy Alexander Litvinenko.(AFP/File/Carl de Souza)AP - Self-exiled Russian tycoon Boris Berezovsky has won his libel case against a Kremlin-owned broadcaster that aired allegations he masterminded the murder of a former KGB agent in London.


U.S. SEC's chief economist to leave agency March 31 (Reuters)
Reuters - The U.S. Securities and Exchange Commission's chief economist, James Overdahl, will be leaving at the end of the month, he said on Tuesday.

Economists trim 2011 U.S. growth forecast (Reuters)
Reuters - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.

Axel Springer 2009 net income falls 45 percent (AP)
AP - German publisher Axel Springer AG said Wednesday that net income fell 45 percent in 2009 to euro314 million ($427 million), with a drop in demand for newspapers and magazines mitigated only partially by new Internet revenues.

Turkey, IMF end loan talks (AP)
AP - Turkey says it and the International Monetary Fund have mutually agreed to call off talks for a loan.

Nationalized UK bank Northern Rock back in profit (AP)
AP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell.

Portugal sells $1.34 billion worth of bonds (AP)
AP - Financially troubled Portugal raised euro990 million ($1.34 billion) Wednesday in a key bond auction that had more bids than bonds available, suggesting the government's austerity plan is easing market concerns about the country's ability to pay off its high debts.

Dollar General sues rival chain over colors (AP)
AP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.

Commercial delinquency lower than other mortgages (AP)
AP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday.

OPEC raises 2010 oil demand forecast (AP)
AP - World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said Wednesday, revising up its previous month's forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in the United States.

 


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