Monsanto 7-State Probe Threatens Profit From 93% Hold on U.S. Soybean Crop

by admin on March 10, 2010

By Alison Fitzgerald March 10 (Bloomberg) — At least seven U.S. state attorneys general are investigating whether Monsanto Co., the world’s largest seed producer, has abused its market power to lock out competitors and raise prices

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Monsanto 7-State Probe Threatens Profit From 93% Hold on U.S. Soybean Crop

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Biden Says Israel, Palestinians to Be Held Accountable for Peace Obstacles

by admin on March 10, 2010

By Gwen Ackerman and Jonathan Ferziger March 10 (Bloomberg) — Vice President Joe Biden said Israel and the Palestinians will be held “accountable” for actions jeopardizing peace efforts, such as Israeli approval of a plan for new homes in east Jerusalem. “As we move forward the United States will hold both sides accountable for any statements or actions that inflame tensions or prejudice the outcome of talks, as this decision did,” Biden said in the West Bank town of Ramallah after meeting Palestinian Authority President Mahmoud Abbas . Israel’s announcement yesterday of plans to build 1,600 new homes was the second construction plan approved this week in areas sought by Palestinians for a future state, and comes as Biden seeks to revive peace talks.

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Biden Says Israel, Palestinians to Be Held Accountable for Peace Obstacles

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Investors Turn Bullish on Stocks Worldwide as Concern About Greece Wanes

March 10, 2010

By Craig Trudell March 10 (Bloomberg) — Investor confidence returned to stocks from New York to Paris to Tokyo on growing signs that the budget crisis in Greece won’t derail the global economy.

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Fed `Extended Period’ Rate Pledge Called Inflexible by Four Policy Makers

March 10, 2010

By Steve Matthews and Scott Lanman March 10 (Bloomberg) — The Federal Reserve’s pledge to keep interest rates close to zero for an “extended period” has come under criticism from policy makers who say it’s restricting their room to maneuver as the economy recovers. Kansas City Fed President Thomas Hoenig voted against repeating the statement on Jan. 27 because he wanted to keep “the broadest options possible.” Since then, Dallas Fed President Richard Fisher , James Bullard of St.

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Wholesale Inventories in U.S. Unexpectedly Decline 0.2% as Sales Advance

March 10, 2010

By Shobhana Chandra March 10 (Bloomberg) — Inventories at U.S. wholesalers unexpectedly fell in January for a second month, signaling companies had difficulty keeping pace with demand. The 0.2 percent decline in the value of stockpiles followed a revised 1 percent decrease in the prior month, the Commerce Department said today in Washington

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Stocks Climb as Concern Over Greek Fiscal Crisis Eases; Dollar Trims Gains

March 10, 2010

By Gavin Serkin March 10 (Bloomberg) — Emerging market stocks rose, erasing their losses for the year, and metal prices gained after China said exports soared by the most in three years. The British pound weakened as U.K. manufacturing contracted.

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Fed `Extended Period’ Pledge Faulted as Inflexible by Four Policy Makers

March 10, 2010

By Steve Matthews and Scott Lanman March 10 (Bloomberg) — The Federal Reserve’s pledge to keep interest rates close to zero for an “extended period” has come under criticism from policy makers who say it’s restricting their room to maneuver as the economy recovers.

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AOL Chief Armstrong Targets Web Ad Billions With Sales, Content Hirings

March 10, 2010

By Kristen Schweizer March 10 (Bloomberg) — AOL Inc. said it’s “laser focused” on getting a share of an estimated $20 billion gap in online advertising, as marketers race to catch up with consumers on the Internet

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EMI Music Says Chief Executive Leoni-Sceti to Step Down From Record Label

March 10, 2010

By Kristen Schweizer March 10 (Bloomberg) — EMI Music, the U.K. recording company controlled by Guy Hands ’s Terra Firma Capital Partners Ltd., said Chief Executive Officer Elio Leoni-Sceti will leave the company on March 31. Leoni-Sceti, a former cleaning-products executive who used to run the European unit of Reckitt Benckiser Plc, took over in July 2008, a year after Hands’s Terra Firma paid 4 billion pounds ($5.96 billion) for the London-based company

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Canon Says China to Be Top Camera Market in 2015, Will Double Stores There

March 10, 2010

By Mariko Yasu and Maki Shiraki March 10 (Bloomberg) — Canon Inc. expects China’s camera market to become the world’s largest as early as 2015, overtaking the U.S., its head of the business said.

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