News and head lines - DataSoftSystem http://www.datasoftsystem.com/news/ Latest news from datasoftsystem http://www.datasoftsystem.com/news/http://www.datasoftsystem.com/N/images/logo.gifFind fresh news with datasoftsystem open directory. Stocks end mixed after mixed economic reports (AP) AP - Stocks finished mixed after uneven reports on retail sales and consumer confidence gave investors little new insight into the economy. http://www.datasoftsystem.com/archive/250610.html WaMu says it has settlement with JPMorgan, FDIC (AP) AP - Washington Mutual Inc. says it has resolved disputes with JPMorgan Chase p; Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter... http://www.datasoftsystem.com/archive/250611.html A happy surprise in retail sales figures (AP) AP - Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from racking up purchases. The advance, the biggest since November, provided hope that th... http://www.datasoftsystem.com/archive/250612.html Cheap cigars, politics and the Volcker Rule (Reuters) Reuters - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear. http://www.datasoftsystem.com/archive/250613.html EU ministers to map out Greek rescue plan (AFP) AFP - Detailed options for concrete European-level financial support to help Greece out of its debt crisis will be presented to eurozone finance ministers next week, sources said Friday. http://www.datasoftsystem.com/archive/250614.html LL Bean sales fall in 2009 (AP) AP - Sales dipped for L.L. Bean for the second consecutive year in 2009 but the outdoors clothing retailer managed to beat its own projections, the company said Friday. The company also reported that ... http://www.datasoftsystem.com/archive/250615.html Gov #039;t mortgage plan aids 16 percent of borrowers (AP) AP - The Obama administration's mortgage relief plan has helped only about 16 percent of borrowers who signed up since its launch last year, while hundreds of thousands of homeowners remain in li... http://www.datasoftsystem.com/archive/250616.html Oil settles near $81 after mixed economic news (AP) AP - Oil prices ended the week lower following mixed economic reports that kept investors on edge about the outlook for improving energy demand. http://www.datasoftsystem.com/archive/250617.html UK gov #039;t gives GM loan guarantee for Vauxhall (AP) AP - The British government says it's giving a 270 million pound ($410 million) loan guarantee to General Motors Co. to help keep its Vauxhall operations going in Britain. http://www.datasoftsystem.com/archive/250499.html OC prosecutor to sue Toyota over vehicle problems (AP) AP - Orange County prosecutors say they'll file a lawsuit against Toyota because of continuing problems with their vehicles. http://www.datasoftsystem.com/archive/250500.html CF seals $47 billion deal for Terra (AP) AP - After more than a year of bids and counterbids, CF Industries landed Terra Industries on Friday for $4.7 billion in a deal that will create one of the world's largest fertilizer companies. http://www.datasoftsystem.com/archive/250501.html US retail sales post surprise 03% rise (AFP) AFP - US retail sales unexpectedly rose for the second month in February, despite severe winter storms that hammered large regions of the country, official data showed Friday. http://www.datasoftsystem.com/archive/250502.html Oil prices climb towards $83 on upbeat IEA report (AFP) AFP - World oil prices rose toward 83 dollars a barrel on Friday as the International Energy Agency reported strong growth in world energy demand, led by China. http://www.datasoftsystem.com/archive/250503.html Why MBAs are Going East (BusinessWeek) BusinessWeek - James Tsai is the sort of MBA corporate recruiters covet. He went to a good prep school, earned a degree with honors from Middlebury College, and made vice-president in Bank of America.. http://www.datasoftsystem.com/archive/250504.html Eurozone industrial productions soars in January (AP) AP - Industrial production in the 16 countries that use the euro spiked by an impressive 1.7 percent in January from the month before, official figures showed Friday, raising hopes that the recovery f... http://www.datasoftsystem.com/archive/250375.html UBS says IRS has 20 Swiss banks in its sights (AP) AP - UBS AG says the U.S. Internal Revenue Service has collected information on the cross-border activities of about 20 Swiss banks in the course of its amnesty program for American tax evaders. http://www.datasoftsystem.com/archive/250376.html UK home loans fall by half in January (AP) AP - The value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, the Council of Mortgage Lenders s... http://www.datasoftsystem.com/archive/250377.html European markets lifted by industrial output data (AP) AP - LONDON AP) p;mdash; European stock markets rose Friday after a strong set of industrial production figures for January stoked hopes that the recovery from recession in the 16 countries that us... http://www.datasoftsystem.com/archive/250378.html China fires back at US human rights criticisms (AP) AP - China accused the United States of destabilizing the world economy and meddling in other countries' affairs Friday p;mdash; its standard response to Washington's annual review of Bei... http://www.datasoftsystem.com/archive/250379.html Oil above $82 after IEA raises demand forecasts (AP) AP - Oil prices moved above $82 a barrel Friday after the International Energy Agency brightened its outlook for world demand, predicting a surge in Asian economic activity will make up for a fall... http://www.datasoftsystem.com/archive/250380.html Asia stocks mixed as traders await economic clues (AP) AP - Asian stock markets were mixed Friday as investors held out for additional clues to the strength of economic recovery. http://www.datasoftsystem.com/archive/250306.html Report: Obama to tap Yellen to be Fed vice chair (AP) AP - President Barack Obama is planning to nominate Janet Yellen, president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of central bank in Washington, The Wall Street J... http://www.datasoftsystem.com/archive/250307.html Oil hovers above $82 as month-long rally stalls (AP) AP - Oil prices hovered above $82 a barrel Friday in Asia as investors mulled whether extending a monthlong rally is justified amid evidence of weak U.S. crude demand. http://www.datasoftsystem.com/archive/250308.html China tells US not to #39;politicise #39; yuan policy: report (AFP) AFP - China on Friday hit back at US President Barack Obama over his comments on the value of the yuan, saying the issue was not a political one and was not the solution to global trade imbalances. http://www.datasoftsystem.com/archive/250309.html Asia stocks head for 5th straight week of gains (Reuters) Reuters - Asian stocks edged up on Friday, heading for a fifth straight week of gains, with energy stocks outperforming as oil held above $82 a barrel. http://www.datasoftsystem.com/archive/250310.html Hyundai chairman #39;s son gets seat on the board (AFP) AFP - The only son of Hyundai Motor chairman Chung Mong-Koo was Friday appointed to the board of South Korea's top carmaker, fuelling speculation he is being groomed to succeed his 71-year-old fat... http://www.datasoftsystem.com/archive/250311.html Dollar dips as Greece announces new spending cuts (AP) AP - The dollar eased against the euro and the pound Thursday as Greece announced additional salary cuts and tax hikes to deal with its ballooning deficit, while China reported a jump in inflation. http://www.datasoftsystem.com/archive/250209.html Pall fiscal 2Q profit falls short of expectations (AP) AP - Pall Corp. on Thursday posted a 28 percent rise in its fiscal second-quarter profit, but still fell short of Wall Street estimates. http://www.datasoftsystem.com/archive/250210.html Summary Box: Citi CEO sees return to profitability (AP) AP - BULLISH OUTLOOK: Citigroup Inc. says its returning to "sustained profitability" after losing billions on bad loans and taking a federal bailout. CEO Vikram Pandit says the bank is shedd... http://www.datasoftsystem.com/archive/250211.html Toyota incentives drive March US sales up sharply (Reuters) Reuters - Sales incentives, including zero-percent financing offers, have boosted Toyota Motor Corp's (7203.T) U.S. sales by nearly 50 percent in early March, an industry tracking service and deal... http://www.datasoftsystem.com/archive/250050.html Obama details plans to boost exports, create jobs (AP) AP - President Barack Obama sought Thursday to put some detail behind his lofty drive to double U.S. exports over the next five years, calling the effort imperative to putting people back to work. But... http://www.datasoftsystem.com/archive/250040.html Citigroup CEO says bank on path to profitability (AP) AP - Citigroup Inc. is poised to return to "sustained profitability" as it sheds risky assets and focuses on emerging markets, CEO Vikram Pandit said Thursday. http://www.datasoftsystem.com/archive/250041.html Gov #039;t may seek more authority on vehicle safety (AP) AP - Government vehicle safety regulators may seek greater authority to investigate defects in cars and trucks following Toyota's recall of more than 8 million vehicles for safety problems. http://www.datasoftsystem.com/archive/250042.html Stocks climb for 3rd day as financial shares rise (AP) AP - The stock market is up for a third day after a rally in financial shares helped offset concerns about rising inflation in China. http://www.datasoftsystem.com/archive/250043.html Jobless claims by state, at a glance (AP) AP - First-time claims for unemployment benefits slipped last week by 6,000 to 462,000 for the week ending March 6. The total nearly matched analysts' estimates and was the second straight drop. http://www.datasoftsystem.com/archive/250044.html Kratos reports 4Q profit (AP) AP - Defense contractor Kratos Defense p; Security Solutions Inc. reported a fourth-quarter profit Thursday. http://www.datasoftsystem.com/archive/250045.html Fannie Mae to offer $6b in notes (AP) AP - Fannie Mae on Thursday said it will offer $6 billion of new 3-year notes due May 7, 2013. http://www.datasoftsystem.com/archive/250046.html Kroger declares quarterly dividend of 95 cents (AP) AP - The Kroger Co., the country's largest grocery retailer, on Thursday declared a quarterly dividend of 9.5 cents per share payable June 1 to shareholders of record as of May 14. http://www.datasoftsystem.com/archive/250047.html Gov #039;t official warns on home down payment hikes (AP) AP - The head of the Federal Housing Administration is warning that boosting the minimum down payment borrowers must provide to qualify for home loans backed by the agency could threaten the housing m... http://www.datasoftsystem.com/archive/250048.html Oil prices mixed in holding pattern (AFP) AFP - Oil prices traded narrowly mixed Thursday as the market weighed prospects for global economic recovery ahead of an OPEC meeting next week. http://www.datasoftsystem.com/archive/250049.html Sarkozy, Merkel propose clampdown on speculators (AP) AP - French President Nicolas Sarkozy and German Chancellor Angela Merkel called Thursday for a clampdown on the type of speculative trading that exacerbated Greece's debt crisis and undermined t... http://www.datasoftsystem.com/archive/249890.html Imax posts 4Q profit, reversing loss (AP) AP - Giant-screen movie technology company Imax Corp. posted a fourth-quarter profit Thursday, reversing a year-ago loss on a sharp jump in its movie theater equipment sales and rentals. http://www.datasoftsystem.com/archive/249891.html CFTC head scolds Wall Street for resisting reforms (Reuters) Reuters - The head of the top U.S. futures regulator chided Wall Street on Thursday for resisting calls to make over-the-counter derivatives markets more transparent, arguing major reforms are require... http://www.datasoftsystem.com/archive/249892.html Retail leaders group spent $850,000 lobbying in 4Q (AP) AP - The Retail Industry Leaders Association spent $850,000 in the fourth quarter to lobby on a variety of issues from health care reform to consumer product safety, according to a recent disclosure r... http://www.datasoftsystem.com/archive/249893.html Texas company, Kroger in legal fight (AP) AP - A Dallas area company charges that Kroger Co. is ripping off its technology and methods in the grocery chain's popular gasoline discount rewards program. http://www.datasoftsystem.com/archive/249894.html Toyota troubles put spotlight on US safety agency (AP) AP - Toyota's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting motorists. http://www.datasoftsystem.com/archive/249895.html The Ambitions of Prudential #39;s Tidjane Thiam (BusinessWeek) BusinessWeek - According to insiders at Prudential Plc , Tidjane Thiam, the chief executive of the insurer which said last week that it was bidding $35.5bn (23.6bn) to buy AIG's Asian insurance ... http://www.datasoftsystem.com/archive/249896.html Trade deficit shrinks as auto and oil imports drop (AP) AP - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery w... http://www.datasoftsystem.com/archive/249888.html Stocks trade flat on concern about China inflation (AP) AP - Stocks traded in a tight range for a fourth day Thursday after China reported a sharp jump in inflation. Mixed U.S. economic news also held the market back. http://www.datasoftsystem.com/archive/249889.html BMW 2009 net income falls 36 pct to $286 million (AP) AP - German carmaker BMW AG says its 2009 net income fell 36 percent to euro210 million ($286 million) because of lower demand for its cars during the economic downturn as well as a higher tax rate. http://www.datasoftsystem.com/archive/249747.html