Citi in Talks to Sell Hedge Fund Unit
Citigroup is in advanced talks to sell its $4 billion hedge fund business to SkyBridge Capital LLC, a New York firm that invests in start-up fund managers, a person familiar with the matter said Wednesday.

Hana Daetoo Securities Selects Numerix for Derivatives Valuation, Risk and Structuring
Hana Daetoo Securities is the investment banking arm of the Hana Financial Group, which owns Hana Bank, the third largest bank by asset value in Korea.

U.S. “very close” to job growth: Summers
HOUSTON (Reuters) – White House economic adviser Larry Summers said on Thursday that the United States is “very close” to the point where job growth can begin. (Reporting by Chris Baltimore; editing by Carol Bishopric)

JP Morgan’s EcoSecurities Closes U.S. Office
EcoSecurities, a clean energy project developer and carbon trader bought by JP Morgan late last year, has closed its U.S. office as the country’s climate bill stalls, a market source said.

Techs reflect on decade since dotcom boom
In January 2000, 17 dotcom companies paid more than $2m each to advertise during the Super Bowl, the season-ending national championship game for American footbal

Senate Financial Reform Bill Hits Snag
Marathon weekend negotiations in the U.S Senate on financial reform failed to result in a bipartisan breakthrough, with disagreement over how much power to give a consumer watchdog office still a key hurdle.

Latin American Markets: Brazil stocks slip as China rate concerns crop up
Brazilian equities slip as concerns about rising interest rates in China, Brazil’s biggest trading partner, heat up following a batch of strong economic reports.

Madoff Victims May Appeal Directly to 2nd Circuit
The judge overseeing the liquidation of Ponzi schemer Bernard Madoff’s investment firm has allowed victims unhappy with his ruling on how to calculate their losses to appeal directly to a federal appeals court.

Post-Crisis, Banks Paying Close Attention to Vendor Risk When Choosing Tech Partners
Post-crisis, Wall Street firms are paying closer attention than ever before to vendor risk when choosing their technology partners.

Hana Daetoo Securities Selects Numerix for Derivatives Valuation, Risk and Structuring
Hana Daetoo Securities is the investment banking arm of the Hana Financial Group, which owns Hana Bank, the third largest bank by asset value in Korea.

Mutual Funds Weekly: Lessons from two stock-market milestones
It’s been a year since the stock market started to rebound, and 10 years since the Internet bubble burst. Investors can learn good lessons from both milestones.

Video game sales fall again in February
Video-game sales decline again in February, as some of the month’s new releases perform relatively weakly.

Citi CEO: Local Consumer Lending losses contained
If Pandit is right, Citi may be more free to pursue overseas growth.

Bank Group Warns on Fiscal, Regulatory Uncertainty
Uncertainty over regulatory reform and government finances could unsettle financial markets and undermine the global economic recovery, a private sector financial group.

You Paid How Much for That?
Abbott steps up where Biogen Idec wouldn’t.

5 Stocks Bouncing Back
These stocks are ready to take on the market.

Buy-Side And Sell-Side Firms Focus On Data Quality And Consistency
A Thomson Reuters and Lepus survey of 100 buy- and sell-side firms revealed that more than three quarters of participants (77%) intend to increase spending on projects that address data quality and consistency issues.

Europe Markets: VW, BMW rev higher while Europe ends lower
Automakers Volkswagen and BMW revved higher Thursday while miners struggled as stocks across Europe edged lower Thursday.

Incentive Capital Management Selects Pricing Partners
Dublin-based asset manager chooses Price-It Excel to price and risk manage its inflation linked derivatives business.

Analysis: AIG’s Derivatives Trades Go Back Decades
The year was 1990 and Barack Obama was elected the first black president of the Harvard Law Review. The first Gulf War against Iraq began. And a Brookfield Asset Management unit entered into a complex derivative deal with AIG.

Economic Report: Debt grows at slowest pace on record
U.S. debt grew at the slowest pace on record during the fourth quarter, as households and businesses continued to deleverage, nearly offsetting another huge increase in federal debt.

Bond Report: Treasurys slip before auction of long bonds
Bond traders gear up for the last auction of the week, in which the government will sell $13 billion in 30-year bonds, with the securities trading near the highest yields in two years.

Senators to Seek Wider ‘Volcker Rule’
Two Senate Democrats said they will propose placing new limits on proprietary trading by banks and nonbank financial firms, widening the ‘Volcker rule’ backed by the White House.

Europe cries foul over US defence tender
European countries have accused Washington of foul play after the continent’s largest aerospace and defence company pulled out of a multibillion-dollar race to supply the US military, alleging unfair ­competition

CBOE to take first step towards IPO
The Chicago Board Options Exchange, the world’s last big member-owned exchange, filed an application with US regulators for an initial public offering

Airlines offer concessions to secure alliance
The planned global alliance between British Airways, American Airlines and Iberia moves closer to securing regulatory approval as European officials begin testing the concessions offered by the airlines

Bernanke Wants Answers on Goldman Role in Greece
U.S. regulators are probing how Wall Street firms like Goldman Sachs helped debt-stricken Greece arrange derivatives deals that critics say were used to disguise the size of its budget deficits.

In Praise of Shorts and Financial Speculation
While the stocks of many investment banks tanked and a number failed, it wasn’t the short sellers that created the problems.

Senate Financial Reform Bill Hits Snag
Marathon weekend negotiations in the U.S Senate on financial reform failed to result in a bipartisan breakthrough, with disagreement over how much power to give a consumer watchdog office still a key hurdle.

Edward Jones Selects Broadridge for Company-Wide Performance Reporting
Aspire Performance Reporting service now deployed for 12,000 financial advisors and nearly seven million clients.

Economic data can be misleading
Headline-grabbing data releases might be painting a rosy picture of the US economy at the moment – but it would be wise to keep an eye on what other, less-scrutinised surveys are showing, says Rob Carnell

Senators to Seek Wider ‘Volcker Rule’
Two Senate Democrats said they will propose placing new limits on proprietary trading by banks and nonbank financial firms, widening the ‘Volcker rule’ backed by the White House.

Our Supercomputer Loves These Stocks
Revising the lessons of Garry Kasparov’s historic loss to an IBM computer.

BofA to scrap overdraft fees for card users
Bank of America said it would eliminate overdraft fees for debit card customers in a move designed to quell consumer frustration and keep the bank a step ahead of egulations that restrict such charges

Economic Report: Australia unemployment rate matches forecast
Australia’s unemployment rate climbs in February, with the result matching market forecasts, although a disappointment in the number of jobs created sends the Australian dollar lower.

Books Are Dead. Long Live Books!
New technology could keep paper books alive, despite digital disruption.

Verizon Puts the NFL Right in Your Pocket
You don’t have a Verizon phone? Two-hundred tons of muscle and shoulder pads wants you to buy one.

You Paid How Much for That?
Abbott steps up where Biogen Idec wouldn’t.

2-Star Stocks Poised to Plunge: Tiffany?
Market-lagging returns could be written in these two stars.

Are You Ready For the Next Leg of the Bull Market?
This market expert thinks more gains are on the menu.

Are Annuities Ever Not Stupid?
Only in one rare instance.

Chances missed at GMAC to protect taxpayers: panel
The Treasury Department missed valuable opportunities to protect taxpayers as part of its $17.2 billion bailout of auto-lending company GMAC, a congressional watchdog group says in its latest report.

CME faces serious threat to its ascendancy
Market-based and legal assaults to the group may change the terrain of the futures industry

Simon Constable: Buy-and-hold dead in stop-and-go economy
Those pesky 1970s with their financial troubles just won’t seem to go away, writes Simon Constable.

Peter Brimelow: Turnaround letter is on a tear
A top-performing letter refuses to big-think about the stock market. But, hey, it’s sounding optimistic, anyway, writes Peter Brimelow.

Asia Markets: Indian sugar stocks turn bitter on rise in output
A swift, painful correction in Indian sugar stocks over the last few weeks may still have some way to go, as the freefall in sugar prices continues amid an increase in global production.

Financial jobs abound in Hong Kong amid upturn
While financial-services workers in the West are still reeling from the aftermath of the global economic crisis, Hong Kong’s finance sector is desperately looking for personnel at all levels.

Sony unveils PlayStation Move motion controller
Sony lifts the wraps on its new motion-control video game system called PlayStation Move, which is expected to hit the market later this year.

AMREP Reports Third Quarter and Nine Month Results
PRINCETON, N.J., March 10 /PRNewswire-FirstCall/ — AMREP Corporation (NYSE: AXR) today reported a net loss of $721,000, or $0.12 per share, for its fiscal 2010 third quarter ended January 31, 2010 compared to a net loss of $100,000, or $0.02 per share, for its fiscal 2009 third quarter ended Januar

Ballard Reports Audited Fourth Quarter and Full Year 2009 Results
VANCOUVER, March 10 /PRNewswire-FirstCall/ – Ballard Power Systems (TSX: BLD; NASDAQ: BLDP) announced its financial results for the fourth quarter and full-year ended December 31, 2009 today. All amounts are in U.S. dollars, unless otherwise noted. Fourth Quarter 2009 Highlights – Fourt

Wall St up on one-year anniversary of bottom
US equities rallied modestly a year to the day since markets closed at their lows during the financial crisis, as investors took stock of the recovery

Wholesale inventories fall, restocking expected
WASHINGTON (Reuters) – U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would support economic growth.

Incentive Capital Management Selects Pricing Partners
Dublin-based asset manager chooses Price-It Excel to price and risk manage its inflation linked derivatives business.

BlackRock Selects Pyxis Mobile Platform For Multiple Business Units
The Pyxis Mobile platform is extending multiple CRM systems to BlackRock’s mobile workforce, aggregating and accessing all the systems through native applications on employee devices.

Senate passes $149 bln for jobless aid, tax breaks
WASHINGTON (Reuters) – The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.

Asian stocks ease after China data, yen struggles
SINGAPORE (Reuters) – Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan’s economy may need more support.

Wall Street rises on bank deal speculation
US stocks posted decent gains as they marked the 10-year anniversary of the Nasdaq’s peak. However, following a series of rises over previous sessions, markets lacked a positive driver to send them higher