Obama wants G20 to rethink global economy
U.S. President Barack Obama said on Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades. Read Full Article here.
FedEx, Cisco, Office Depot cautious on economy
Key business leaders expect slow and steady U.S. economic growth but say longer term recovery depends on reforming health care and tax policy, and improving access to credit for small business. Read Full Article here.
Senator Dodd favors bank super-cop idea: aide
The U.S. Senate's top legislator on financial regulation favors reducing the number of bank supervisory agencies more sharply than the Obama administration proposes, said a senior Senate aide on Sunday. Read Full Article here.
Stocks' rise hinges on Fed and data
U.S. stocks could extend their rally and the Dow industrials <.DJI> may climb above 10,000 this week, should the Fed's policy-makers and economic data support the view the economy is recovering from recession. Read Full Article here.
NY insurance official raises concerns over Moody's
An official in the New York Insurance Department says insurance regulators from across the country are expected to discuss dropping Moody's Investors Service from a list of acceptable rating organizations at a meeting later this week. Read Full Article here.
Big venture funds more cautious but still love green
Venture capitalists searching for the next big green idea to invest in are being more cautious in their due diligence but are still more than willing to place risky bets in the emerging sector. Read Full Article here.
Dodd urges single U.S. bank regulator: report
U.S. Senate Banking Committee Chairman Christopher Dodd plans to propose legislation that would merge four bank agencies into one super-regulator, The New York Times reported on Saturday. Read Full Article here.
Spain Opel workers protest Magna: media
Thousands of people marched through the streets of Zaragoza north east Spain on Saturday to protest Canada's Magna's acquisition of 55 percent of General Motors' Opel, Spanish media reported. Read Full Article here.
Anglo not asking for Xstrata bid order: source
Miner Anglo American is not about to request a put up or shut up order on Xstrata to make a formal bid or walk away, a source close to the company said on Sunday, denying a media report. Read Full Article here.