Fed's Warsh: Policy turn could be aggressive
A shift in the Federal Reserve's accommodative monetary policy will likely come before it is clearly necessary based on economic data and could be rapid, a top Fed policymaker said on Friday. Read Full Article here.
G20 takes charge of world economy
The Group of 20 will become the forum for global economic management, giving rising powers such as China more clout, and will roll out tougher rules for banks by the end of 2012, a draft communique said on Friday. Read Full Article here.
Bank of America urges dismissal of SEC complaint
Bank of America Corp urged a federal judge to dismiss the U.S. Securities and Exchange Commission's complaint accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1 merger. Read Full Article here.
AT&T: net neutrality should apply to Web firms too
AT&T Inc said any new net neutrality rules imposed by U.S. regulators need to apply to Web companies like Google Inc as much as to phone companies to ensure a level playing field. Read Full Article here.
RIM seen facing increased market-share pressure
BlackBerry maker Research In Motion could see its share of the smartphone market eroded by competing devices like Apple's iPhone, analysts warned on Friday as RIM's stock plunged more than 16 percent in the wake of a disappointing profit and outlook report. Read Full Article here.
Pay czar will not cap compensation, reveal names
President Barack Obama's pay czar said on Friday he will not cap compensation for the top employees at bailed-out companies, and will not reveal names, when he releases the first wave of decisions within a few weeks. Read Full Article here.
Western leaders warn Iran over nuclear site
U.S. President Barack Obama and the leaders of Britain and France accused Iran on Friday of building a secret nuclear fuel plant and threatened tough new sanctions unless Tehran comes clean about its nuclear program. Read Full Article here.