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  • Housing construction drops 5.9 pct in February (AP)  

    Construction workers build one of a number of new single family homes in a subdivision outside San Diego as new home construction returns to San Marcos, California March 8, 2010. The Obama administration has more work to do to help struggling U.S. homeowners, despite signs of a stabilizing housing market, a senior Treasury official said on Monday. REUTERS/Mike Blake (UNITED STATES - Tags: EMPLOYMENT BUSINESS POLITICS CONSTRUCTION)AP - Housing construction fell in February as winter blizzards held down activity in the Northeast and South. The decline highlighted the challenges facing builders as they struggle to emerge from the worst housing slump in decades.


  • Stock futures rise modestly ahead of Fed meeting (AP)  

    An information board posts the latest prices and graphs above the floor of the New York Stock Exchange earlier this month. Doctors have found a relation between stock market fluctuations and heart attack frequency, a preliminary study by North Carolina's Duke University Medical Center said Saturday.(AFP/Stan Honda)AP - Stock futures rose modestly Tuesday before the Federal Reserve concludes a meeting where it is expected to keep a key interest rate at historic lows.


  • China without Google: 'a lose-lose scenario' (AP)  AP - China without Google — a prospect that looks increasingly likely — could mean no more maps on mobile phones. A free music service that has helped to fight piracy might be in jeopardy. China's fledgling Web outfits would face less pressure to improve, eroding their ability to one day compete abroad.
  • Markets cautious about EU aid pledge to Greece (AP)  

    Greek Finance Minister Giorgos Papakonstantinou, right, gestures as he talks with France's Economy Minister Christine Lagarde, center, Swedish counterpart Anders Borg, second left, and Spain's counterpart and President of the EU Council Elena Salgado Mendez, at the EU finance ministers meeting in Brussels, Tuesday, March 16, 2010. Finance ministers of the 27 EU nations review Greek austerity measures and other financial regulations reform to ease the financial crisis. (AP Photo/Yves Logghe)AP - European countries' pledge to help Greece with loans received a lukewarm welcome from markets on Tuesday as investors remained worried that the form and timing of the aid remains unclear.


  • Landlords must pay taxes for renters to get credit (AP)  AP - Missouri tax officials are warning people who live in rented housing that they do not qualify for a tax break unless their landlords pay property taxes.
  • Jackson estate in record deal worth up to $250 mln (AP)  

    FILE - In this Feb. 24, 1988 file photo, Michael Jackson performs during his 13-city U.S. tour in Kansas City, Mo. The estate of Michael Jackson has landed the late King of Pop the biggest recording deal in history: a $200 million guaranteed contract with Sony Music Entertainment for 10 projects over seven years, according to a person familiar with the deal. (AP Photo/Cliff Schiappa, File)AP - Even in death, Michael Jackson is breaking new records.


  • $4 billion yanked from stock funds in February (Reuters)  Reuters - Investors in February pulled an estimated $3.7 billion from U.S. stock-focused mutual funds, dashing hopes of a rebound in demand for equities, while showering $19.7 billion on taxable bond funds, according to a report from Morningstar.
  • Fed saves some regulatory authority in Dodd plan (Reuters)  Reuters - The Federal Reserve would retain some but not all of its oversight powers in the changed financial landscape envisioned by Senate Banking Committee Chairman Christopher Dodd in a plan unveiled on Monday.
  • Deutsche Bank confirms 2009 net income of $6.9B (AP)  AP - Deutsche Bank AG says it made net income of euro5 billion ($6.9 billion) in 2009 and that it expects the banking market to progress slowly toward "a new form of normality" this year and next.
Yahoo! News: Business News Tue, 16 Mar 2010 12:56:51 GMT
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