Search This Blog


Search Tool

Mar 28, 2011

Financial & Forex Info : Daily Treasury Long Term Rate Data

U.S. Department of the Treasury

Daily Treasury Long Term Rate Data

Monday Mar 28, 2011, 4:52 PM
Treasury Long-Term Average Rate and Extrapolation Factors. Beginning February 18, 2002, Treasury ceased publication of the 30-year constant maturity series. Instead, from February 19, 2002 through May 28, 2004, Treasury published a Long-Term Average Rate, "LT>25," (not to be confused with the Long-Term Composite Rate, definitions below). In addition, Treasury published daily linear extrapolation factors that could be added to the Long-Term Average Rate to allow interested parties to compute an estimated 30-year rate. On June 1, 2004, Treasury discontinued the "LT>25" average due to a dearth of eligible bonds. In place of the "LT>25" average, Treasury published the Treasury 20-year Constant Maturity rate on this page along with an extrapolation factor that was added to the 20-year Constant Maturity to obtain an estimate for a theoretical 30-year rate. On February 9, 2006, Treasury reintroduced the 30-year constant maturity and is no longer publishing the extrapolation factor.
The Long-Term Average Rate, "LT>25," was the arithmetic average of the bid yields on all outstanding fixed-coupon securities (i.e., excluding Inflation-Indexed securities) with 25 years or more remaining to maturity. This series first appeared on February 19, 2002, following discontinuation of the 30-year Treasury constant maturity series. Subsequently, the "LT>25" average was discontinued on June 1, 2004.
Linear Extrapolation Factors were determined by considering the slope of the yield curve at it's long end and extrapolating out to a theoretical 30-year point. To use the Extrapolation Factor to determine a 30-year proxy rate, add the factor to the 20-year Constant Maturity Rate. For example, if on a particular day the 20-year Constant Maturity was 5.40% and the Extrapolation Factor was 0.02%, then a 30-year theoretical rate would have been 5.40% + 0.02% = 5.42%. Publishing of the Linear Extrapolation Factors was discontinued on February 9, 2006 with the reintroduction of the 30-year Constant Maturity Rate.
The Long-Term Composite Rate is the unweighted average of bid yields on all outstanding fixed-coupon bonds neither due nor callable in less than 10 years.
For more information regarding these statistics contact the Office of Debt Management by email at

Financial and Forex Info | U.S. Governor's Speech by Assistant Secretary Marisa Lago at the IDB Annual Meeting 2011

Calgary, Canada
As Prepared for Delivery
Good morning. On behalf of President Obama and Secretary Geithner, I would like to take this opportunity to thank Prime Minister Harper, his administration, and the people of Calgary for their hospitality.  My team and I have very much appreciated the kindness and welcome received during our visit to the province of Alberta. 
Presidente Moreno, estimados colegas, es un gran placer estar aquí nuevamente con ustedes.
Today I would like to highlight three important developments since we last met a year ago in Cancun:
  • First, due to skillful policy management in this region, many countries have sustained a robust and rapid recovery from the global financial crisis;
  • Second, President Obama and his Administration have launched  a new, positive strategy of engagement with the region to expand the shared benefits of our already vibrant ties, as highlighted by the President’s visit to Brazil, Chile and El Salvador last week; and
  • Third, in addition to continuing the great work done in the field, the IDB has achieved remarkable results in moving forward on core governance reforms. And we, the United States, are taking the requisite steps to meet our commitment to fulfill the IDB General Capital Increase. 
Regional Economic Developments
Let me begin with the remarkable performance of Latin America and the Caribbean.  With an average growth rate of six percent, this region has been an engine of the global economic recovery.   Moreover, the outlook going forward is promising, thanks to the rise of a strong middle class, marked reductions in poverty, and innovative “multilatinas” that are expanding their reach across the globe.  The robust performance of individual economies demonstrates the benefits of a strong policy framework, and we hope that this track record gives people in our hemisphere confidence that a brighter economic future is attainable.  
The continuation of robust capital inflows, despite a shift in global risk appetites, is another testament to the region’s strong fundamentals.  We recognize the macroeconomic and prudential policy challenges created by this abundance of capital. And we welcome the skillful policy management, including in the judicious use of macroprudential measures that has been employed to address the risk of currency volatility and to maintain lending standards.
We have further observed that the recovery in much of Latin America has been led by domestic demand, which contributes to our shared stake in balanced global growth.  We are doing our part in the United States, with policies aimed at strengthening the U.S. recovery.  Of course, policy decisions outside of our Hemisphere also matter greatly to sustaining this growth, which is why we continue to emphasize that balanced global recovery remains a shared responsibility.
Not every country in this Hemisphere has the resources, capital or domestic market to generate strong economic performance without external support.  For these countries, the crisis hit even harder.  And now, with food and fuel prices rising, the international institutions – particularly the Inter-American Development Bank (IDB) – will continue to be crucial partners in development, helping to ensure that all countries can achieve, and maintain, a sustainable path of economic development.  
In particular, we still face a long road to recovery in Haiti.  Following the devastating earthquake of over a year ago, Haiti’s economy has responded better than some had predicted and reconstruction efforts are beginning to bear fruit.   However, the political and economic challenges faced by Haiti are great, and the international community must go the distance with Haiti’s leadership in support of sustained growth and poverty reduction.  We commend and welcome the central role that the IDB is playing in that effort.
A New Policy of Engagement
Our own commitment to Haiti’s recovery and, indeed, to this region remains strong. 
President Obama’s visit to South and Central America last week laid the foundation for a new era of partnerships within the Hemisphere. These partnerships are based on the principle that Latin America is more important to the prosperity and security of the United States than ever before, and the conviction that the region will only grow in importance to the United States, especially to our economy.  Trade between the United States and Latin America has surged – the United States exports three times as much to Latin America as to China – and the United States is the largest investor in this region.  It is clear that when Latin America prospers, the United States also prospers.
But continuing this successful trajectory requires three critical factors that the IDB is uniquely positioned to support:
  • the first is greater integration, so that all countries can contribute to an interconnected, common regional market;
  • the second is higher investment to finance higher value production and raise productivity, a key challenge for this region;
  • and the third is ongoing, targeted and innovative poverty reduction strategies to build on the enormous progress that has already been achieved.
I would like to expand, in particular, on the importance of regional integration.   Earlier this weekend, at the meeting of the finance ministers of the Western Hemisphere, we focused on enhanced integration as a solution to growth and job creation challenges in the region.  The benefits of integration are exponential: reduced transport and logistics costs that increase the gains from trade, safer corridors for goods and people to travel throughout the region, and more transparent and efficient public sector entities that provide oversight to the integration process.   Because of these benefits, we have encouraged ministers to make concrete progress on identifying key regional integration projects, and working through the policy and regulatory challenges involved in operationalizing these projects. 
The United States is strongly committed to a robust regional integration agenda. Last Tuesday, while traveling in El Salvador, President Obama announced that the United States will contribute $5 million to the Crossroads Fund, a new multilateral trust fund to be housed at the IDB that will jumpstart key work to break down transport and logistics inefficiencies. We welcome the recent announcements by Canada and Mexico that they will join in the creation of this innovative regional integration fund.
Inter-American Development Bank
The IDB is uniquely positioned to support the three critical factors—integration, productivity and poverty reduction— necessary to support the lasting transformation of the Americas and the Caribbean to a region comprised of stable countries with a growing middle class.  New capital from the IDB’s shareholders will ensure that the Bank remains a key partner in this transformation.    
When we met last year, we asked a lot of each other and of the IDB.  As shareholders, we committed to provide new capital that would enable the Bank to continue vital development work in the Western Hemisphere.  And, we asked the IDB to enact, and promptly implement, a complex and demanding reform agenda to improve its effectiveness, both in operational terms and with regard to developmental impact.
Much has transpired since we last met, and I would like to take this opportunity to thank President Moreno, Executive Vice-President Katzman, bank management and staff, the IDB’s Executive Directors, as well as my fellow Governors, for their cooperation and collaboration in advancing this ambitious agenda.  We set an aggressive schedule for ourselves, and I believe that we should be proud of what we have accomplished through our combined efforts.  I am confident that these reforms will fundamentally strengthen both the management and impact of this organization.
I would like to highlight three reforms in particular that I consider transformative aspects of the IDB’s Better Bank Agenda.
  • First, the new Income Management Model (IMM) has been implemented.  This model adds a new discipline to the Bank’s fiscal operations and preserves the financial soundness of the Bank.  The IMM allows for minimum transfers of $200 million annually to a grant facility for Haiti, providing desperately needed resources to one of our regional peers in need of greater assistance.
  • Second, the new and improved development effectiveness matrix was adopted last month. The implementation of this reform allows us to better assess a project’s developmental impact, thus making the Bank more accountable and results-oriented, while enhancing the quality of our loan portfolio. This makes the IDB a stronger institution in terms of achieving our desired developmental objectives, while providing more transparency to shareholders, civil society and the general public.
  • Third, the promotion of greater transparency and accountability has been improved through revisions to the Independent Consultation and Investigation Mechanism (ICIM).  By means of this new channel of feedback, affected communities have a voice to express concerns about project execution and design.  By creating a formal mechanism to listen to those most affected by IDB projects and programs, this innovation is making the Bank a more customer-service oriented institution.  We are pleased to know that this process is operational, and that the ICIM is already responding to several cases that have been filed.
Improving the Bank’s effectiveness is only one part of the strategy that we endorsed last year.  We also committed to provide a General Capital Increase, or GCI – the first such increase in 16 years.
We recognize the essential and unique role played by the IDB and other multilateral development banks in enhancing global security, promoting economic growth, combating the effects of climate change, enhancing food security, and responding to other crisis and emergency situations.  Together, by combining our resources, we are able to achieve better results and higher returns than any one of our nations could on our own.  The level of unparalleled return allows for the most effective leveraging of all of our limited resources-- a major consideration for many of us during this time of budgetary challenges.
For these reasons, we consider our commitments to the multilateral development banks to be a key Administration priority.  As part of our normal budget cycle, Treasury submitted our budget request for fiscal year 2012 this past February.   This budget included a request for the full amount needed to fulfill our first contribution to the General Capital Increase (GCI).
In multiple appearances before our congress, Secretary Geithner has emphasized the importance of moving forward on the GCI.  In his congressional testimony, Secretary Geithner presented a compelling and detailed case for the GCI, noting that development assistance is a vital avenue to strengthen security and expand economic growth opportunities in emerging markets.
In addition, I, and members of my team, have engaged members of Congress and their staff at all levels, to share with them the vital contributions that the IDB makes to the region. In these discussions, we also underscore the vital link between the region’s development and opportunities for investment, export growth and job creation in the United States. Our efforts remain on track, and Treasury will continue to act as a strong and vocal advocate of the GCI.
Finally, I want to say just a few words about the work that remains to be done.   We look forward to the dissemination of the IDB’s methodology for macroeconomic sustainability analysis, which is slated for April 2011.  Developing a methodology to minimize the risk of lending in unsustainable economic climate is not an easy task, but it is a vital one. 
In addition, we are closely monitoring progress on the revision of the IDB’s response to the report by the Independent Advisory Group on Sustainability. This report contains a number of recommendations on how to strengthen implementation of the IDB’s environmental and social safeguards, and more broadly on how to promote sustainable development.  We are aware that an action plan, based on the report’s recommendations, will be released publicly in the upcoming months.  We are pleased that the IDB has established a working group to consider the recommendations and look forward to strategic implementation of these items.
Colleagues, let me conclude by affirming that a strong and dynamic region requires an equally strong and dynamic multilateral development bank. We welcome the many positive developments over the last year that point to the continued success of the IDB in supporting this region’s growth and recovery. 

U.S. Governor's Speech by Assistant Secretary Marisa Lago at the IDB Annual Meeting 2011

The Economist | Selected New Articles

Libya: The rebels advance
Protests in Syria: Road to Damascus
Turkey and the Arab uprisings: Does Erdoğan have a plan?
Money and politics: The Koch brothers
German politics: Angela's trauma
Taxation policy: The rich will pay
Daily chart: Asylum-seekers
Online debate: Does the West have a duty to protect Arab nations during times of unrest?

Financial & Forex Info | The Australian Capital Circle : Budget black hole hits O'Farrell for $4.3 billion

Capital Circle Newsletter
Budget black hole hits O'Farrell for $4.3 billion
Barry O'Farrell has found a budget black hole, while Chinese hackers may have found their way into ministerial email accounts.

The PM's diary: Julia Gillard is flying to Perth this morning for a three day visit to Western Australia. The trip is being pitched as a "mission to regain WA's trust" and it will begin with Ms Gillard targeting small business, urging them to take up the high-tech opportunities offered by the $36 billion National Broadband Network (thanks to Andrew Probyn in the West Oz). Ms Gillard and her senior colleagues will also hold a community Cabinet meeting at the South Fremantle Senior High School tomorrow night.
Tony Abbott is in Sydney for a day of meetings. He has no media appearances scheduled.
Coles boss Ian McLeod will front a Senate inquiry into milk pricing today.
Barack Obama will address Americans at about 10.30am today, Australian Eastern Standard Time, to explain his nation's role in Libya - and its exit strategy. 
***Sign up to Capital Circle -- news from the beltway to your inbox***
Above the fold, The Australian leads with a report that Barry O'Farrell has found a $4.3 billion black hole in the NSW state budget. Treasury secretary Michael Schur was stood aside soon after it was revealed that a surplus of $432 million in 2012-13, which was projected in the half-yearly review in December, has turned into a $405m deficit.
The Daily Telegraph has splashed over three pages a report that the parliamentary computers of at least 10 federal ministers including the Prime Minister, Foreign Minister and Defence Minister are suspected of being hacked into in a major breach of national security.
The Sydney Morning Herald leads with a report that the Gillard government's mining tax has been throw

ABC News Australia Morning Edition : Dollar soars to fresh post-float high

Dollar soars to fresh post-float high
The Australian dollar has broken US$1.03 for the first time since 1982.

Libs fear timber jobs opportunity lost
There are fears job opportunities at Gunns' Bell Bay sawmill in northern Tasmania will be missed because of a lack of wood supply.}

Coalition claims $4.5 billion hole in NSW budget
The new Coalition government has accused Labor of "cooking the books like never before" to hide a projected $4.5 billion hole in the New South Wales budget.

 More Business Stories >

Financial And Forex Info | Reuters - Technology Report


EBay said it will buy e-commerce service provider GSI Commerce for $1.96 billion in cash to build up its online marketplaces, as it ramps up its battle with GSI is attractive to eBay because of its expertise in taking customer orders, managing them and filling them, which also happens to be an area of strength for Amazon. GSI, which owns Web businesses such as Rue La La and ShopRunner, also provides retailers such as Aeropostale and TJX’s Marshalls chains with technology, payment processing and customer care services for their e-commerce sites.

There will be no iPhone 5 announcement at Apple’s 2011 Worldwide Developers Conference in June, according to The Wall Street Journal’s John Paczkowski. Instead, we should expect a software event, Paczkowski writes, quoting an Apple’s WWDC press release: "If you are an iOS or Mac OS X software developer, this is the event that you do not want to miss." He goes on to speculate that the delay may be due to Apple timing the release of a 4G LTE-compatible iPhone 5 with AT&T’s expected roll-out of its 4G LTE networks mid year.

Apple "piled another brick onto the ramparts of its walled garden," only considering apps that are sold through the Mac App Store for this year’s Apple Design Awards, The Register’s Rik Myslewski writes. "This move makes it clear that Apple is enforcing a two-tiered status for Mac OS X apps: those it allows into the store, and those that remain outside it," Myslewski adds.

The Fix, a daily website about drugs, alcohol, addiction and recovery, launched. It was founded by Radar Magazine creator Maer Roshan who, after selling Radar, moved to LA and entered rehab for alcohol abuse, writes The Next Web's Courtney Boyd Myers. "The site will mix serious subjects such as addiction and rehabilitation with humor, celebrity content, feature writing, news, video and Zagat-like reviews of rehab facilities. Imagine an AA after party, hosted by TMZ," Myers says.

Financial & Forex Info | Kitco New York Market Close Report

New York Market Close Mar 28/11 05:20 PM EDT

Financial & Forex Info: | Daily Investor Update

Wall St ends lower in year's lightest volume
NEW YORK (Reuters) - Stocks halted their recent advance on Monday as the market tested key technical levels and more uncertainty emanating from abroad kept volume at its lowest level of the year. | Full Article

Sprint blasts AT&T's bid to buy T-Mobile USA
March 28, 2011 03:11 PM ET
WASHINGTON (Reuters) - Sprint Nextel urged regulators to block AT&T Inc's $39 billion bid to buy Deutsche Telekom AG's T-Mobile USA. | Full Article
EBay buys GSI for $1.96 billion to take on Amazon
March 28, 2011 01:47 PM ET
NEW YORK (Reuters) - EBay Inc plans to buy e-commerce service provider GSI Commerce to build up its online marketplaces as it ramps up its battle with Inc. | Full Article
Evans: Fed should complete $600 billion in bond buys
March 28, 2011 04:16 PM ET
COLUMBIA, South Carolina (Reuters) - The U.S. Federal Reserve Bank should complete its planned $600 billion in bond purchases, but probably does not need to do buy additional bonds to support the economy, a top Fed official said on Monday. | Full Article
Consumer spending up, energy prices dent growth
March 28, 2011 03:59 PM ET
WASHINGTON (Reuters) - U.S. consumers increased spending for an eighth straight month in February, but much of the gain went to cover rising food and energy costs, providing only a modest lift to the economy. | Full Article
Rebels push west before Libya crisis talks
March 28, 2011 04:29 PM ET
NAWFALIYAH/MISRATA, Libya (Reuters) - Rebels advanced west toward the birthplace of Libyan leader Muammar Gaddafi on Monday, firing mortars and heavy machineguns in sporadic clashes with loyalist forces. | Full Article
Obama faces challenge of defining Libya strategy
March 28, 2011 03:36 PM ET
WASHINGTON (Reuters) - President Barack Obama faces the challenge on Monday of convincing Americans he has clear aims and an exit strategy for U.S. forces in the Libya conflict as he seeks to counter growing criticism from Congress. | Full Article
Syrian forces fired warning shots in Deraa
March 28, 2011 04:12 PM ET
DAMASCUS (Reuters) - Syrian forces fired into the air on Monday to disperse a pro-democracy protest in the southern flashpoint city of Deraa, where reformists want to overthrow the 41-year rule of the Assad family. | Full Article
Japan finds plutonium at stricken nuclear plant
March 28, 2011 04:11 PM ET
TOKYO (Reuters) - Plutonium found in soil at the crippled Fukushima nuclear complex heightened alarm on Tuesday over Japan's protracted battle to contain the world's worst atomic crisis in 25 years. | Full Article
Reuters journalists freed in Syria
March 28, 2011 10:48 AM ET
BEIRUT (Reuters) - Two Reuters journalists were released by Syrian authorities on Monday, two days after they were detained in Damascus. | Full Article

CBS Recap of of Sunday's 60 Minutes

The CBS 60 Minutes newsletter

If you missed Sunday's "60 Minutes," here's a recap of our broadcast:    

The New Tax Havens
American companies are finding new overseas tax havens to legally protect some of their profits from the U.S. tax rate of 35 percent, among the highest in the world. Lesley Stahl reports. Watch it now.
One Child At A Time
Wars can literally shatter children's lives and Elissa Montanti is on a mission to make some of them whole again through a network of volunteers. Scott Pelley follows the progress of one of them, a badly maimed Iraqi boy. Watch it now.
The Sage of St. Anthony
Tiny Catholic high school St. Anthony in Jersey City, N.J., doesn't even have its own gym, but it has Coach Bob Hurley, who has taken the team - now ranked number-one in the nation - to 24 state championships. Steve Kroft reports. Watch it now.
Also, check out our Web show, "60 Minutes Overtime." This week, meet the boy behind the Global Medical Relief Fund; a look back at Elizabeth Taylor in 1970; plus, a Lesley Stahl talks about the new tax havens.
Now Available: America's number one news program now has a companion iPad app! Check it out in the iTunes app store.

A look at the world's new corporate tax havens Lesley Stahl explains how U.S. corporations are cutting their tax bills by moving business overseas

Global Medical Relief Fund: One child at a time How one Staten Island woman has changed over 100 young lives

Coach Bob Hurley: The Sage of St. Anthony Steve Kroft profiles the man regarded as America's best high school coach

CBS Evening News Top Stories: CBS News Investigates: An adoption scam con artist

The CBS Evening News with Katie Couric newsletter


This is Russ Mitchell, filling in for Katie tonight,
Libyan rebels are on the move, thanks to allied air strikes. Tonight, they're closing in on Sirte, Muammar Qaddafi's hometown. Mandy Clark is on the frontline with the rebels. Meanwhile, President Obama will address the nation to explain why the U.S. is involved in Libya. CBS News will carry the address at 7:30 p.m. ET. Bob Schieffer will anchor our coverage. For the Evening News, Chief White House Correspondent Chip Reid will preview the President's address. The news from Japan keeps getting worse. Highly radioactive water has been discovered leaking from the damaged Fukushima nuclear plant. And plutonium has been detected in the soil nearby. But at least one expert says the situation is not as serious as some believe. Lucy Craft reports from Tokyo. Plus: she preys on childless couples, desperate to adopt. CBS News tracks down and confronts a con artist who's made thousands in an adoption scam. Chief Investigative Correspondent Armen Keteyian has our hidden camera report. Finally, an update on one of Steve Hartman's most popular "Assignment America" stories. It's about a California man and the goose who can't bear to be separated from him. As Steve explains, this story has taken a few wicked twists and turns. Russ Mitchell

A Japanese town's miracle in the madness Unlike neighboring Minamisanriku, Koizumi perseveres, thanks to practice drills that led town's population up a nearby hill to safety

Monarch butterfly makes colorful comeback One year after an alarming 75 percent drop in population, Mexican trees are dripping with butterflies ready to head north

Health care reform Q&A: One year later On the anniversary of Obama's signing of massive health care reform overhaul into law, a look at how the system has changed

The Washington Post Afternoon Edition | Politics: Amid questions, Obama seeks to define Libya mission in speech


1) Amid questions, Obama seeks to define Libya mission in speech
President Obama’s speech Monday evening will be his first televised address about the first military operation he has initiated as commander in chief. Not that White House officials are casting it in such grand terms.
» Read full article

The GOP’s Hispanic problem
If demographics is destiny, then Republicans may have a major political dilemma on their hands.
» Read full article

THE FIX: Why Trump probably isn't serious
Working in Trump’s favor? His charisma, his significant personal wealth and near-universal name identification. Working against him? Virtually everything else.
» Read full article

FACT CHECKER: Bachmann’s fundraising prowess
Michele Bachmann claims that she has raised more money than any member of Congress in history. That’s not quite right.
» Read full article

Pawlenty’s money men (and women)
Former Minnesota governor Tim Pawlenty will unveil a 16-person fundraising team today.
» Read full article

The Washington Post | Today's Opinions

newsletter header

Jackson Diehl

 Jackson Diehl

Why so tough on Israel?

Netanyahu knows how to deal with the Palestinians. Managing Obama is the harder task.

E.J. Dionne Jr.

 E.J. Dionne Jr.

The Midwest’s new wind

How the Republican assault on unions has revived Democrats.

Robert J. Samuelson

 Robert J. Samuelson

Bailout success story

TARP helped rescue the financial system at a tiny fraction of its estimated costs.

Eva Moskowitz

Smaller classes aren’t always the answer

Class size neither guarantees nor is a prerequisite of educational success. Let’s invest in other ways that will help teachers be more effective, such as professional development and technology.


Financial & Forex Info News | ESA: Personal Income Rose in February , while Real Disposable Persomal Income fell 0.1 %

Economics and Statistics Administration Logo
Personal income in February 2011 rose 0.3%.  Nominal personal consumption expenditures (PCE) increased 0.7% while real PCE rose 0.3%.  Nominal disposable personal income (DPI) increased 0.3% while real DPI fell 0.1%.  The personal saving rate as a percentage of DPI was 5.8% in February.

Financial &Forex Info | Reuters Before The Bell: Stock futures little changed, foreign issues remain

Stock futures little changed, foreign issues remain
NEW YORK (Reuters) - U.S. stock index futures were little changed on Monday as foreign headwinds remained in view following three days of U.S. equities gains, suggesting the recent period of volatility wasn't over. | Full Article

Glencore to seek HK IPO approval this week: sources
March 28, 2011 05:49 AM ET
HONG KONG (Reuters) - Glencore , the global commodities trading giant, is set to appear before the listing committee of the Hong Kong stock exchange this week, the strongest sign yet it will go ahead with a roughly $10 billion IPO, two sources with direct knowledge of the plans told Reuters on Monday. | Full Article
Wal-Mart to reopen 12 quake-hit stores in Japan
March 28, 2011 06:15 AM ET
NEW YORK (Reuters) - Wal-Mart Stores Inc will re-open 12 of its Seiyu stores in Japan which were affected by the earthquake, and is hoping to open the remaining 12 impacted stores as soon as possible, a spokesman for the U.S.-based retailer said. | Full Article
P&G, Unilever up China prices amid inflation worries
March 28, 2011 03:30 AM ET
SHANGHAI (Reuters) - Consumer goods giants Procter & Gamble and Unilever will both raise their prices on detergent and soap in China by up to 15 percent next month, local media reported, underscoring the challenges Beijing faces to rein in inflation. | Full Article
Harry & David files for bankruptcy to slash debt
March 28, 2011 07:42 AM ET
(Reuters) - Mail-order food company Harry & David Holdings Inc filed for bankruptcy in a Delaware court under a pre-arranged deal with creditors that includes swapping $198 million of senior notes into equity. | Full Article