Today's Headlines

Bloomberg:
- H&R Block(HRB) duped clients into investing tax refunds in retirement accounts that usually cost more in fees than they generate in interest, NY Attorney General Spitzer said.
- The US economy expanded at a “moderate” pace across most parts of the country in January and February, while higher costs of raw materials and energy persisted, the Fed’s Beige Book said.
- Crude oil fell after the EIA reported that US inventories rose for a fifth straight week.

Wall Street Journal:
- Nasdaq Stock Market(NDAQ) executives may hold meetings as early as this week with large shareholders of London Stock Exchange Plc to discuss Nasdaq’s informal $16.46/share offer for the London exchange.
- Johnson & Johnson(JNJ) revealed that federal investigations into the company’s sales of its Risperdal antipsychotic treatment are widening.
- A group led by Kohlberg Kravis Roberts and some banks offered as much as $13 billion to buy a majority stake in GMAC.
- The generic drug amantadine is being considered as a possible alternative to Tamiflu if bird flu sets off a global pandemic.
- Equifax(EFX), Experian and TransUnion are marketing new services to consumers in a bid to boost revenue.
- US farm groups and environmentalists are teaming up to gain federal incentives for forms of renewable energy such as wind-generated power or fuel produced from agricultural waste.

NY Post:
- Lexar Media(LEXR) shareholders, including hedge funds controlled by billionaire Carl Icahn, are pressuring management to seek a better offer than Micron’s(MU) $680 million bid.

Denver Post:
- Colorado’s aerospace economy moved ahead of Florida’s to become the US’s third-largest, after gaining 15,000 jobs in the industry since 2004.

Daily Telegraph:
- DB Zwirn, a NY hedge fund firm, is recruiting Sandy Berger, former national security advisor during the Clinton administration. Last year, Berger was fined $50,000 and ordered to do community service for stealing classified documents on the Clinton administration’s anti-terrorism efforts from the National Archive and destroying some of them.