Fundamental Headlines • Menendez Prodded Fed to Aid Lender – Wall Street
Journal • Coca-Cola Results Boosted by Asia Sales – Wall Street Journal • Greek
rescue hopes help bourses regain their poise - Financial Times • Euro, Oil,
Copper Gain on Greece Aid Speculation; U.S.
THE head of the Reserve Bank has held out the prospect of continuing low
interest rates, as long as Labor sticks to its pledge to restrain spending.
Explicitly acknowledging the link between government spending and interest
rates claimed by the federal opposition, Glenn Stevens told a
Bank of America Corp. and American Express Co. lost at least 2.8 percent for
the biggest declines in the Dow. Nasdaq OMX Group Inc. fell 4 percent to lead
the Standard & Poor’s 500 Index lower after its forecast for operating
expenses topped some analysts’ estimates. Home Depot Inc.
Home Depot rallied 3 percent as Morgan Stanley advised buying the shares, while
Google climbed as Bank of America Corp. added the company to its “U.S. 1” list
of favorite stocks. Alcoa Inc. and Exxon Mobil Corp. climbed at least 1.3
percent as oil and metal prices rebounded from last
JPMorgan Chase & Co. and Caterpillar Inc. retreated at least 1.4 percent to
lead the Dow Jones Industrial Average lower. Home Depot rallied 2.6 percent,
while CIT Group Inc. jumped 3.5 percent after naming former Merrill Lynch &
Co. chief John Thain chairman as chief executive
Home Depot, the largest home-improvement retailer, and Walt Disney, the biggest
media company, rose at least 0.7 percent. CIT Group Inc. jumped 4.1 percent
after naming former Merrill Lynch & Co. chief John Thain chairman as chief
executive officer. Standard & Poor’s 500 Index futures
Home Depot, the largest home-improvement retailer, and Walt Disney, the biggest
media company, rose at least 1 percent. CIT Group Inc. jumped 3.3 percent after
naming former Merrill Lynch & Co. chief John Thain chairman as chief
executive officer. Standard & Poor’s 500 Index futures
Stephen Grenville, who retired from the RBA in 2001 to make way for present
governor Glenn Stevens, has broken with economic orthodoxy to call on
governments to discourage foreign speculators from parking their cash wherever
short-term returns are highest. In a paper published by the Lowy
Citigroup Inc., Google Inc. and Apple Inc. advanced after the Labor Department
said the jobless rate slipped to 9.7 percent, the lowest since August. Aetna
Inc. , the third-largest U.S. health insurer, fell 2.8 percent after saying the
recession will weigh down on 2010 earnings. “There are
A FORMER deputy governor of the Reserve Bank has urged the federal government
to consider taxing short-term capital inflows to stop them destabilising
Australia's economy. Stephen Grenville, who retired from the RBA in 2001 to
make way for present governor Glenn Stevens, has broken with
JPMorgan Chase & Co. and Caterpillar Inc. retreated at least 1.4 percent to
lead the Dow Jones Industrial Average lower. Home Depot rallied 2.6 percent,
while CIT Group Inc. jumped 3.5 percent after naming former Merrill Lynch &
Co. chief John Thain chairman as chief executive
