Today's Headlines

Bloomberg:
- Apple Inc.(AAPL) CEO Steve Jobs, seeking to sell 10 million iPhones this year, added business features to woo customers from the BlackBerry and will let outside developers create programs for the handset.
- Federal Reserve Bank of New York President Tim Geithner said the central bank may need to keep interest rates low for a while if financial markets remain under stress and threaten economic growth.
- About 250,000 Americans in dozens of states, including Texas, NY and Florida, may benefit from higher limits on new loans backed by the Federal Housing Administration, a Dept. of Housing and Urban Development said.
- Wal-Mart Stores(WMT) said February sales increased 2.6%, exceeding its forecast, after price cuts spurred demand for groceries, medicines and flat-screen televisions.
- Joy Global(JOYG) rose the most in more than two months in New York trading after it lifted its 2008 forecasts and first-quarter earnings topped analysts’ estimates.
- Addax Petroleum Corp., the Swiss producer with a focus on Africa and the Middle East, said a well drilled in Iraq’s Kurdistan yielded “very high” flows of oil.
- General Electric(GE) said it won its second contract with Chicago-based Invenergy Wind LLC for wind turbines valued at about $1 billion.

Wall Street Journal:
- Investor Wilbur Ross has purchased $1 billion of beaten-down municipal bonds, a sign that some large investors are snapping up there investments after a recent selloff, taking advantage of the woes of a number of hedge funds that have been forced to sell to try to stay afloat.
- Money-market funds are emerging as a potential white knight for some troubled auction-rate securities.
- Apple’s(AAPL) Time Capsule Gives You Easy Way To Back Up Wirelessly.

NY Times:
- Bliin, BuzzCity Pte. and other mobile social networking startups are developing applications to capture the 3.3 billion mobile phone users in the world.

BusinessWeek:
- Hedge Funds Frozen Shut. To buy time and stave off losses, more funds are blocking withdrawals.

AP:
- American men have doubled the amount of time they spend on housework sine the 1960s to compensate for chores left unattended as more women joined the workforce, citing a study.

Reuters:
- Some 2,000 US soldiers are being withdrawn from Baghdad as part of a planned reduction of US forces in Iraq.

Jerusalem Post:
- Poll: Most Israelis believe Clinton best for Israel. More than 60% said they would prefer Clinton over her rival Barack Obama for the Democratic candidacy, while only 16% said they wanted Obama to emerge victorius.