Roubini warns of double-dip recession: report
Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world's recent financial troubles, sees a big risk of a double-dip recession, according to an opinion piece posted on the Financial Times' website on Sunday. Read Full Article here.
Democrats may duck health care foes in Senate
U.S. Democrats may sidestep Republican opposition to a sweeping healthcare overhaul by using Senate rules to pass some reform measures, a leading senator said on Sunday. Read Full Article here.
Warner Chilcott to buy P&G unit for $3 bln: source
Warner Chilcott Ltd, a specialty drug maker, is acquiring Procter & Gamble Co's prescription drug business for about $3 billion, a source familiar with the matter said on Sunday. Read Full Article here.
Stocks may fly on housing, consumers
s it game over for the recession? Or will consumers stay in hibernation? Investors will watch this week's new home sales and consumer data to see if the economy's recovery is on track and whether the rally in U.S. stocks -- now at 2009 highs -- will continue. Read Full Article here.
Dow Jones unit sale process only in early stages: source
News Corp's Dow Jones & Co Inc is only in the early stages of exploring a sale of its stock market index business and a sales prospectus has not gone out yet, a source familiar with the matter said. Read Full Article here.
Analyst Bove sees 150-200 more U.S. bank failures
A prominent banking analyst said on Sunday that 150 to 200 more U.S. banks will fail in the current banking crisis, and the industry's payments to keep the Federal Deposit Insurance Corp afloat could eat up 25 percent of pretax income in 2010. Read Full Article here.