Bad Paper

NEW YORK (Reuters) – Payrolls could give the U.S. stock market some direction this week as investors comb through the key report on one of the economy’s weakest areas.
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WASHINGTON (Reuters) – Snowstorms have repeatedly battered parts of the United States this winter, making it more difficult to discern returning weakness in the economy from
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AIG and Prudential are on the verge of sealing a deal for the sale of AIA, the US life insurance company’s Asian business, to the UK’s biggest insurer for up to $35bn, with a deal expected to be announced this week

Fear turned to desperation as hundreds of survivors fought over food and water in the cities worst affected by Chile’s devastating earthquake at the weekend, which killed at least 700 people

Spain, at four times the size of Greece in terms of its economy, is by far the largest of the eurozone’s budgetary laggards that will be facing renewed scrutiny, and probably higher financing costs, in the sovereign debt markets

Warren Buffett hits at top executives of banks and other institutions that collapsed during the financial crisis, saying they alone should be held accountable for risk management failures

The board of AIG is locked in talks this weekend to decide whether to sell AIA, the stricken insurer’s huge Asian arm, to Prudential of the UK for more than $30bn – or proceed with a planned listing of the unit

A massive 8.8 magnitude earthquake struck south-central Chile, killing 147, knocking down buildings and triggering unusually high waves in the south Pacific six weeks after a devastating quake flattened Haiti

DAYTON, Ohio (AP) — Law enforcement officers in southwest Ohio were chugging down alcoholic drinks this week as part of a training exercise on how to give field sobriety tests. Several police officers and deputy sheriffs in Montgomery County volunteered to drink so colleagues could practice conducting the tests given to [...]

NEW YORK (Reuters) – Payrolls could give the U.S. stock market some direction next week as investors comb through the key report on one of the economy’s weakest areas.
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NEW YORK (Reuters) – Payrolls could give the U.S. stock market some direction next week as investors comb through the key report on one of the economy’s weakest areas.
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WASHINGTON (Reuters) – A bold proposal by Senate Banking Committee Chairman Christopher Dodd to set up a single supervisor for U.S. banks looks doomed, said a source familiar with Senate committee discussions on Friday.
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NEW YORK (Reuters) – Stocks rose on Friday, capping their best monthly advance since November as data showed the economy grew a tad better than expected in the fourth quarter.
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WASHINGTON (Reuters) – The economy grew a touch more than initially thought in the fourth quarter, but a surprise drop in January home sales to a seven-month low and weaker consumer sentiment underscored the headwinds for the recovery.
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Germany’s biggest banks are looking at a rescue plan under which they would buy Greek debt backed by financial guarantees from Berlin, the Financial Times has learnt