Stocks, Commodities Gain, Dollar Falls on Optimism Recovery Strengthening Stocks and commodities advanced,
while the dollar approached a 14-year low against the yen, as
reports on home sales, jobless claims and consumers spurred
optimism that the economic recovery is strengthening.
Connecticut Plans to Sue `Reckless' Debt Rating Companies, Blumenthal Says Connecticut plans to join Ohio in
suing credit-rating companies for “negligent, reckless and
incompetent work” in grading debt purchased by state pension
funds, according to Attorney General Richard Blumenthal.
Consumer Spending, New-Home Sales in U.S. Top Forecasts as Economy Revives Consumer spending and sales of new
homes climbed more than forecast while claims for jobless
benefits dropped to the lowest level in a year, putting the
U.S. economy on stronger footing heading into 2010.
AIG Derivatives Employees May Depart If Bonuses Aren't Paid, Lawyer Says American International Group Inc.
employees unwinding the insurer’s derivatives may leave in March
if they don’t get their promised retention bonuses, said a
lawyer representing some of the workers.
Deere Says November Sales to Farmers Topped Expectations; Shares Advance Deere & Co., the world’s largest
maker of farm equipment, said retail sales of its machines to
farmers were better than expected in November.
Brazil's Real Is `Most Overvalued' Currency as Cash Pours In, Goldman Says Brazil’s real is the “most
overvalued” currency as a “wall of money” coming into Latin
America’s biggest economy may overwhelm government efforts to
curb its rally, said Goldman Sachs Group Inc.
Locust Plague Prompts Argentina Air Force to Defend Biggest Wheat Province Argentina will deploy two air force
planes to contain a potential locust plague and said rains may
help control the insect in the country’s largest wheat province.
Eletrobras Seeks U.S. Power-Transmission Partnerships, Small Acquisitions Centrais Eletricas Brasileiras SA,
Latin America’s largest power utility, aims to invest in U.S.
electricity transmission in coming years, an executive said.
Petrobras Workers Plan Surprise Stoppages Almost Daily as Wage Talks Stall Petroleo Brasileiro SA workers plan
to hold “surprise” stoppages almost daily at units of the
Brazilian state-controlled oil producer after disagreements on
the suspension of striking workers led wage talks to stall.
Colombia Taps Into Bond Rally After Surprise Rate Cut by Offering Exchange Colombia will swap peso-denominated
bonds this week to extend maturities after an unexpected
interest-rate cut by the central bank sent yields to a more than
three-year low.
Brazil Cuts Sales Taxes on Furniture, Materials to Reverse Demand Decline Brazil cut sales taxes on furniture
and extended a measure to lower taxes on construction materials
in a bid to spur consumption and help factories and builders.
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