BUSINESS NEWS

SLM Sells Debt at Higher Rate Than Students Pay: Credit Markets

BusinessWeek.com -- — Thu, 18 Mar 2010 00:42:00 GMT

SLM Corp., the biggest U.S. student-loan company, tapped the bond market for the first time in almost two years, paying more than it charges some borrowers...(read more)

FBI Blows Up Rembrandt to Solve Boston’s $500 Million Art Heist

BusinessWeek.com -- — Thu, 18 Mar 2010 00:37:01 GMT

Art lovers who didn’t catch Rembrandt’s “The Storm on the Sea of Galilee” at the Isabella Stewart Gardner Museum before 1990 can see it on electronic billboards...(read more)

Tiger Woods Masters Windfall Pulls In 43% Ad Gain for AT&T, IBM

BusinessWeek.com -- — Thu, 18 Mar 2010 00:30:01 GMT

Tiger Woods’s return to golf at the Masters Tournament will give sponsors like AT&T Inc. an unexpected boost from their ad dollars, lifting the value of...(read more)

Dodd’s Chief Counsel Bought Financial Stocks During 2008 Crisis

BusinessWeek.com -- — Thu, 18 Mar 2010 00:28:00 GMT

Senate Banking Committee Chairman Christopher Dodd’s chief counsel in 2008 traded stock in Morgan Stanley, Wells Fargo & Co., American International Group...(read more)

U.S. Must Revive Exports, Optimism, GE’s Immelt Says (Update1)

BusinessWeek.com -- — Thu, 18 Mar 2010 00:26:03 GMT

General Electric Co. wants to lead the U.S. effort to double exports and devise ways to pare health-care costs, Chief Executive Officer Jeffrey Immelt...(read more)

Dow Average Exceeds Bull-Market Midpoint: Technical Analysis

BusinessWeek.com -- — Thu, 18 Mar 2010 00:26:00 GMT

The Dow Jones Industrial Average yesterday rose above the midpoint of its last bull market in a positive sign for U.S. stocks, according to Richard Russell,...(read more)

China Banks Can Withstand Rising Bad Loans, S&P Says (Update1)

BusinessWeek.com -- — Thu, 18 Mar 2010 00:18:00 GMT

China’s banks are financially strong enough to withstand the pressure on profits as non- performing loans increase after record credit growth, according...(read more)

Verizon, AT&T, Google Partake of Broadband Speed Race

BusinessWeek.com -- — Thu, 18 Mar 2010 00:01:00 GMT

Plans by Google and others to provide ultrafast broadband may push Verizon, AT&T, and Comcast to accelerate their own deployments Read More......(read more)

Yen May Fall to 100 Per Dollar as Fed Outpaces BOJ, Yasuda Says

BusinessWeek.com -- — Wed, 17 Mar 2010 23:24:00 GMT

The yen may fall to as low as 100 per dollar as the Federal Reserve raises interest rates faster than the Bank of Japan, according to Yasuda Asset Management...(read more)

MGM Partner Ho ‘Unsuitable,’ New Jersey Gambling Agency Says

BusinessWeek.com -- — Wed, 17 Mar 2010 23:23:00 GMT

MGM Grand Macau co-owner Pansy Ho is an “unsuitable partner” for MGM Mirage because she was financially dependent on her father, casino magnate Stanley...(read more)

North Korea Executes Official After Currency Grab Sparks Unrest

BusinessWeek.com -- — Wed, 17 Mar 2010 23:23:00 GMT

North Korea executed an official of the ruling party last week, holding him responsible for unrest sparked by a botched currency revaluation aimed at reasserting...(read more)

Hyundai Heavy May Reduce China Steel-Plate Imports (Update1)

BusinessWeek.com -- — Wed, 17 Mar 2010 23:10:00 GMT

Hyundai Heavy Industries Co., the world’s biggest buyer of steel plates, may pare purchases from China for the first time in five years as it builds fewer...(read more)

Why Bank Stocks Could Vault Even Higher

BusinessWeek.com -- — Wed, 17 Mar 2010 23:01:00 GMT

Investing pros tell Bloomberg BusinessWeek where they're finding opportunities in the sector now Read More......(read more)

BofA boss admits bank made missteps in crisis

msnbc.com: Business — Wed, 17 Mar 2010 22:55:19 GMT

Bank of America CEO Brian Moynihan conceded Wednesday that the company made a series of missteps during the credit crisis and recession. Read More......(read more)

ConsumerMan: Pitfalls of payday lending

msnbc.com: Business — Wed, 17 Mar 2010 22:49:15 GMT

The Better Business Bureau issued a consumer alert to warn cash-strapped families about disreputable online payday lenders who have no regard for the law...(read more)