IBT Staff Reporter

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Bank shares in focus as futures barely budge

Stock index futures were little changed on Friday, with bank stocks in focus after bailed-out British lender Lloyds Banking Group Plc said it would return to profitability in 2010.

Gold is money

Most investors confuse money and currency, but they are not the same thing. Money is defined as a medium of exchange, a unit of account and a store of value.

Futures little changed, bank shares in focus

Stock index futures were little changed on Friday, with bank stocks in focus after bailed-out British lender Lloyds Banking Group Plc said it would return to profitability in 2010.

FAA faulted on Southwest Airlines

A government watchdog faulted the Federal Aviation Administration for allowing Southwest Airlines Co to fly jets that had not undergone mandatory maintenance work, violating stipulated safety rules, the Wall Street Journal said.

Arrow shares halted; Shell/PetroChina to sweeten bid?

Australia's Arrow Energy Ltd asked for trading in its shares to be suspended on Friday, stoking speculation that Royal Dutch Shell and PetroChina would sweeten their joint $3 billion offer for the coal-seam gas producer.

Stock futures signal mixed open; Palm eyed

Stock index futures pointed to a mixed opening on Friday, with futures for the S&P 500 down 0.02 percent, Dow Jones up 0.1 percent and Nasdaq 100 down 0.01 percent at 1008 GMT (6:08 a.m. ET).

China tries to cool yuan dispute with U.S.

China on Friday said it was sending an envoy to Washington to try to ease trade frictions as its currency regime comes under fire, warning that threats from U.S. legislators could stifle room for progress.

Banks lift stocks; Greece woes dent euro

European shares rose modestly on Friday, lifted by gains in banking stocks, but concerns over Greece's large debt burden remained, keeping the euro on the back foot against the dollar.

Asia stocks head for 6th week of gains

Asian stocks rose for a sixth straight week on Friday, their longest string of weekly gains since a global bull market began a year ago, with consumer-related shares leading the way on hopes of a steady economic recovery.

Website's instant posts of Wall Street research banned

A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients.

Daily Forecast - 19/3/2010

The Australian Dollar opens marginally lower today at 0.9204 and spent most of yesterday's local session consolidating around the US92 cent mark.

Lehman says Barclays got $13 billion windfall in sale

Lehman Brothers Holdings Inc fired new allegations at Barclays Capital Inc on Thursday, saying the British investment bank got a $13 billion windfall profit from its deal to buy Lehman's U.S. brokerage in September 2008.

Apple director Jerry York dies at 71

Jerry York, a long-time adviser to billionaire investor Kirk Kerkorian and executive whose career spanned the auto and technology industries, has died, Apple Inc said on Thursday.

Sony partners with Lovefilm rental service in UK

Sony is teaming up with European movie-rental firm Lovefilm to offer TV viewers in Britain instant access to films from the Web, as a land grab for space on Internet-connected televisions gets under way.

Fed officials warn against loss of bank oversight

Four top Federal Reserve officials urged Congress on Thursday not to strip the U.S. central bank of the authority to supervise small banks, saying they would lose an important finger on the pulse of the economy that helps them guide monetary policy.

Data points to modest recovery, muted inflation

Labor market and consumer prices data on Thursday showed the U.S. economy is on a moderate growth path and inflation pressures are contained, backing up the Federal Reserve's vow to keep benchmark interest rates ultra-low for some time.

Google slams Viacom for secret YouTube uploads

Google Inc accused Viacom Inc of secretly uploading its videos to YouTube even as the media conglomerate publicly denounced the online video site for copyright infringement, according to court documents made public on Thursday.

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