European Stocks Rise Most in Five Weeks on Economy; BHP, Renault Advance European stocks surged the most in
five weeks as data on the region’s services and manufacturing
industries and U.S. home sales added to signs the economic
recovery is strengthening.
MAN SE's CEO Samuelsson Leaves Immediately; Pachta-Reyhofen Acting Chief MAN SE Chief Executive Officer Hakan
Samuelsson will step down with immediate effect, leaving
Europe’s third-largest truckmaker after nine years.
Dollar Slump Persisting as Most Accurate Forecasters See No Bottom in 2010 The most accurate dollar forecasters
predict the world’s reserve currency will continue sliding even
when the Federal Reserve begins to raise interest rates, which
policy makers say is an “extended period” away.
Deripaska in Talks With Investors for Building, Financial-Services Units Russian Billionaire Oleg Deripaska,
whose United Co. Rusal is seeking to restructure more than $14
billion of debt, is in talks with potential investors in his
construction, airport and financial-services businesses.
British Would-Be Borrowers Resist Approved Bank Credit as Loan Demand Dips A year ago, as Britain’s property
market began to collapse, housebuilder Persimmon Plc owed 960
million pounds ($1.6 billion). Today, Chief Financial Officer
Michael Killoran has slashed that debt by 58 percent.
Lloyds Banking Group Will Issue as Much as $13 Billion of CoCo Securities Lloyds Banking Group Plc, the U.K.’s
biggest mortgage lender, will issue about $13 billion of
enhanced capital notes, new bonds designed to boost the bank’s
ability to absorb losses.