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Friday, April 2, 2010 12:00 AM PDT

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Today's Business News: Asian markets rise amid signs US poised for growth Job creation expected in March as recovery builds US companies criticize Chinese market obstacles Verizon to take $970M charge from health care bill Calif county reaches deal on tax refund to Chevron Few SEC bounties for whistleblowers TSX buoyed by resources but RIM weighs Unemployment little changed in Michigan regions Q1 Earnings Season Should Be Strong, With Broad Gains Queen hands out coins on 'Maundy Thursday' FDIC sells $491 million in home loans Ex-Morgan Stanley CEO Mack received $939K in 2009 Group 1 Automotive closes $15M note offering Home prices down in Manhattan in 1Q; sales higher Reaction mixed to idea of East Coast drilling GM says China sales up 68 percent in March Return of the House Flippers Asian markets rise amid signs US poised for growth Thu, 1 Apr 2010 10:24 pm PDT AP - Asian stock markets rose slightly Friday after expanding U.S. manufacturing suggested the world's biggest economy is poised for solid growth this year. Full Story Top Job creation expected in March as recovery builds Thu, 1 Apr 2010 09:43 pm PDT AP - The economy is likely to have added jobs last month for only the second time since the recession began 27 months ago. Full Story Top US companies criticize Chinese market obstacles Thu, 1 Apr 2010 09:57 pm PDT AP - Foreign companies say China is increasingly using discriminatory rules to reduce access to previously open areas of its economy and promote its technology industries, a U.S. business group said Friday, adding to rising complaints of worsening conditions for foreign investors. Full Story Top Verizon to take $970M charge from health care bill Thu, 1 Apr 2010 06:36 pm PDT AP - The corporate tax impact of the recent health care overhaul grew Thursday as Verizon Communications Inc. announced it will record a related $970 million non-cash charge in the first quarter. Full Story Top Calif county reaches deal on tax refund to Chevron Thu, 1 Apr 2010 08:55 pm PDT AP - Contra Costa County officials have reached a tentative agreement on a repayment plan for an $18 million tax refund the county owes Chevron Corp. Full Story Top Few SEC bounties for whistleblowers Thu, 1 Apr 2010 08:46 pm PDT AP - The Securities and Exchange Commission has had a bounty program for two decades to reward outside whistleblowers. But it has made few payments and must be improved, the agency's watchdog says. Full Story Top TSX buoyed by resources but RIM weighs Thu, 1 Apr 2010 09:18 am PDT Reuters - Toronto's main stock market index was higher on Thursday morning as commodity prices rose due to fresh investment at the start of the quarter, but some market disappointment with the results of technology bellwether Research In Motion tempered the gains. Full Story Top Unemployment little changed in Michigan regions Thu, 1 Apr 2010 01:02 pm PDT AP - New state figures say seasonally unadjusted unemployment rates for February are little changed in Michigan's 17 major labor markets. Full Story Top Q1 Earnings Season Should Be Strong, With Broad Gains Thu, 1 Apr 2010 04:44 pm PDT Investor's Business Daily - Analysts expect to see more robust growth when corporate earnings roll in this month, though this time prior-year comparisons should be a little less skewed than they were in the prior quarter. Full Story Top Queen hands out coins on 'Maundy Thursday' Thu, 1 Apr 2010 07:02 am PDT AP - Queen Elizabeth II distributed "Maundy money" to deserving subjects Thursday in a long-standing Holy Week tradition. Full Story Top FDIC sells $491 million in home loans Thu, 1 Apr 2010 06:01 pm PDT AP - The Federal Deposit Insurance Corp. has sold $490.7 million in troubled mortgage loans from 19 banks that failed between August 2008 and March 2009 as it works through an inventory of assets from the institutions it has taken over. Full Story Top Ex-Morgan Stanley CEO Mack received $939K in 2009 Thu, 1 Apr 2010 03:56 pm PDT AP - Former Morgan Stanley CEO John Mack's compensation fell 24 percent to $939,241 in 2009 as the bank repaid federal bailout money and returned to profitability after the financial crisis, an Associated Press analysis of regulatory filings shows. Full Story Top Group 1 Automotive closes $15M note offering Thu, 1 Apr 2010 02:20 pm PDT AP - Auto retailer Group 1 Automotive Inc. said Thursday that its sale of $15 million of convertible senior notes due 2020 has closed. Full Story Top Home prices down in Manhattan in 1Q; sales higher Thu, 1 Apr 2010 09:03 pm PDT AP - Home prices in Manhattan dipped in the first quarter of the year, but sales activity rocketed from last year's low levels. Full Story Top Reaction mixed to idea of East Coast drilling Thu, 1 Apr 2010 04:45 pm PDT AP - Some coastal residents applauded President Barack Obama's decision to open portions of the East Coast to oil and gas exploration as a way to create jobs and ease the country's reliance on foreign oil. Others feared marine life could be harmed by drilling or that tourists would shun a resort area if a nearby oil rig were to be involved in a spill. Full Story Top GM says China sales up 68 percent in March Thu, 1 Apr 2010 08:58 pm PDT AP - General Motors Co. and its joint ventures say their sales jumped 68 percent in March over a year earlier to a new monthly record. Full Story Top Return of the House Flippers Thu, 1 Apr 2010 05:08 am PDT BusinessWeek - On an unusually hot March afternoon, the steps of the Maricopa County courthouse in downtown Phoenix fill with people in sunglasses, shorts, and flip-flops whispering urgently into cell phones. They are "flippers," here for the daily outdoor auction of foreclosed homes -- bidding for themselves or clients who plan to buy houses cheaply and fix them up for a quick sale. And with the economy starting to percolate and real estate markets bottoming out, the auctions are drawing bigger crowds. ... Full Story Top

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