Bloomberg:
- Commodities plunged the most in almost six weeks, as oil, gold and corn fell from record highs, on renewed concern that a slowing US economy will curb demand for raw materials.
- Federal Reserve Chairman Ben S. Bernanke urged lenders to forgive portions of mortgages held by homeowners at risk of defaulting.
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- Investor Martin Whitman is standing by his bet on MBIA Inc.(MBI), boosting his stake in the bond insurer to 10% as there is “much profit” to be made at current prices whether the existing business model succeeds or fails.
- Apple Rises as Cook Reiterated iPhone Sales Estimates.
Wall Street Journal:
- World Has Enough Oil for a Century. We are nowhere close to reaching a peak in global oil supplies.
NY Times:
- Cepheid(CPHD) Triples as Demand for ‘Superbug’ Test Grows.
- Spitzer Helps Donors Skirt $10,000 Limit He Set. Despite his high-profile pledge not to accept donations greater than $10,000 – less than one-fifth the $55,900 allowed under state law – Gov. Eliot Spitzer’s political organization has raised more than $1 million above the cap he imposed on himself, by directing his donors to the Democratic state party account, which he controls.
MarketWatch:
- Apple(AAPL), Fnac Discuss Selling iPhone in France.
- Two-thirds of Democrats surveyed said Senator Hillary Clinton should continue her presidential bid if she wins in either
Reuters:
- BHP Billiton(BHP) talks to lenders on record $55 billion loan.
- Bill Gross, manager of the world’s biggest bond fund, said he bought $1.5 billion in municipal bonds on Feb. 29 at “very attractive prices.”
Financial Times:
- Another hedge fund collapse in focus.
Iranian Students News Agency:
- Iranian Oil Minister Gholamhossein Nozari said his country will support a decrease in oil output at a meeting of OPEC in Viena tomorrow.
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