Dodd to offer finance bill despite GOP opposition
Senate Banking Chair Christopher Dodd plans to release his financial regulatory overhaul Monday and press the committee to work the week of March 22 without Republican support. Corker calls progress real but predicts a more moderate Dodd proposal than earlier drafts.
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Americans' net worth edges up in Q4 amid slow recovery
The Federal Reserve reports US household net worth rose 1.3 percent to 54.2 trillion in Q4, the third straight quarterly gain. Stock portfolios led the rise, while real estate values inched higher. analysts warn continued wealth growth needed to spur more consumer spending.
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Associated Press
Judge urged to halt FirstEnergy Allegheny deal
The Louisiana Municipal Police Employees Retirement System asks a federal judge in Pittsburgh to block FirstEnergy's 4.7 billion takeover of Allegheny Energy. It says the fund's stock is undervalued and seeks higher value for shareholders. FirstEnergy says the merger will benefit shareholders and customers across Ohio to New Jersey.
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Greece rocked by 24 hour general strike and clashes
In central Athens tens of thousands of striking workers protested austerity measures as police clashed with masked youths in Athens and Thessaloniki. The government pushes a 2009 deficit reduction plan amid market pressure and a public poll showing mixed support.
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