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Tuesday, March 30, 2010 12:06 AM PDT

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Today's Business News: NASA will help probe Toyota acceleration problem Asia stocks gain after US consumer spending report Toyota promises quicker response on quality issues Japan's factory output down, jobless rate steady FDIC opposes $1.4 billion refund for JPMorgan Gov't will sell Citi stock, reap bailout profits Oil prices rally as dollar weakens Gov't to give $600M in housing aid to 5 states Aer Lingus full-year loss widens 18 pct Greece gets euro5 billion on bonds after rescue plan 4Q lobbying reached $850K for mortgage group Pullbacks Are Buying Opportunities in Asia Hacker gets 7 years for stealing credit card data Real estate agent group spent $5.6M lobbying in 4Q Oil hovers above $82 after leaping previous day Questions about the UAW's sale of Ford warrants Three Top B-Schools Look for New Deans NASA will help probe Toyota acceleration problem Mon, 29 Mar 2010 10:10 pm PDT AP - NASA and the National Academy of Sciences are joining the government's effort to figure out what caused the sudden acceleration problems that led to Toyota's massive recalls. Full Story Top Asia stocks gain after US consumer spending report Mon, 29 Mar 2010 09:52 pm PDT AP - Asian stock markets gained modestly early Tuesday after a report showing U.S. consumers continued to spend last month buoyed optimism about growth in the world's largest economy. Full Story Top Toyota promises quicker response on quality issues Mon, 29 Mar 2010 09:56 pm PDT AP - Toyota promised Tuesday to respond faster to customer complaints as it held its first meeting of a committee of quality experts set up to help salvage a reputation battered by massive recalls and reports of runaway vehicles. Full Story Top Japan's factory output down, jobless rate steady Mon, 29 Mar 2010 09:59 pm PDT AP - Cautious Japanese companies laid off more workers and hit the brakes on production in February, sending factory output down for the first time in a year. Full Story Top FDIC opposes $1.4 billion refund for JPMorgan Mon, 29 Mar 2010 06:59 pm PDT AP - Federal regulators are opposing a proposed $1.4 billion tax refund for JPMorgan Chase & Co. Full Story Top Gov't will sell Citi stock, reap bailout profits Mon, 29 Mar 2010 03:10 pm PDT AP - Bank bailouts are turning out to be great business for the government. Unfortunately for taxpayers, other federal rescues will almost certainly wind up in the red. Full Story Top Oil prices rally as dollar weakens Mon, 29 Mar 2010 08:55 am PDT AFP - World oil prices rallied Monday, buoyed by the weak dollar, rising stock markets and optimism that upcoming US data will show a solid recovery in the world's biggest energy consuming nation. Full Story Top Gov't to give $600M in housing aid to 5 states Mon, 29 Mar 2010 01:07 pm PDT AP - The Obama administration on Monday announced $600 million in financial support for five more states with high unemployment that have been slammed by the housing bust. Full Story Top Aer Lingus full-year loss widens 18 pct Mon, 29 Mar 2010 11:51 pm PDT AP - Irish airline Aer Lingus Group PLC on Tuesday said its full year loss widened by 18 percent to euro130 million ($176 million) in 2009 as revenue declined amid a painful recession. Full Story Top Greece gets euro5 billion on bonds after rescue plan Mon, 29 Mar 2010 10:20 am PDT AP - Greece raised euro5 billion ($6.74 billion) Monday with a seven-year bond issue, in a crucial first borrowing test after the eurozone unveiled a rescue last week to help Athens cope with its acute debt crisis. Full Story Top 4Q lobbying reached $850K for mortgage group Mon, 29 Mar 2010 03:42 pm PDT AP - Mortgage Insurance Companies of America spent $850,000 to lobby the federal government on housing and other issues in the fourth quarter, according to a disclosure report. Full Story Top Pullbacks Are Buying Opportunities in Asia Mon, 29 Mar 2010 01:26 pm PDT The Motley Fool - The markets are jittery as both the Chinese and Indian central banks are tightening credit. China and India are Asia's most populous economies and as such affect the regional and global economies greatly. The latest move came from the reserve bank of India, which hiked a couple of short-term interest rates, as the rates are both below the level of reported inflation. Full Story Top Hacker gets 7 years for stealing credit card data Mon, 29 Mar 2010 07:20 pm PDT AP - A federal judge in Boston has sentenced a Florida man to seven years in prison for playing a key role in one of the largest theft of credit and debit card numbers in U.S. history. Full Story Top Real estate agent group spent $5.6M lobbying in 4Q Mon, 29 Mar 2010 10:32 am PDT AP - The National Association of Realtors spent $5.6 million lobbying the federal government in the 2009 fourth quarter as it pressed for measures to aid the hobbled housing market, according to a recent disclosure form. Full Story Top Oil hovers above $82 after leaping previous day Mon, 29 Mar 2010 10:11 pm PDT AP - Oil prices were steady above $82 a barrel Tuesday in Asia, pausing after a leap the previous day fueled by a U.S. dollar drop and surging equity markets. Full Story Top Questions about the UAW's sale of Ford warrants Mon, 29 Mar 2010 03:55 pm PDT AP - Ford Motor Co. said Monday that a United Auto Workers-run trust fund will try to raise at least $1.3 billion selling warrants for Ford shares starting Tuesday. Full Story Top Three Top B-Schools Look for New Deans Mon, 29 Mar 2010 05:08 am PDT BusinessWeek - (Corrects date of Snyder's departure and clarifies that the school's 150% endowment growth under Snyder does not include a $300 million gift from alumnus David Booth.) Full Story Top

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