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German ZEW Survey - Economic Data Preview
Germany's ZEW Survey of investor sentiment is expected to drop to -8.0 in March from -5.8 in the previous month, marking the first decline in four months....
Daily FX

Barclays tax mole investigation
HM Revenue & Customs was tonight investigating explosive allegations about tax avoidance schemes operated by Barclays Bank, made by a whistleblower in the firm and apparently substantiated by leaked documents.HMRC's moves came as the government announced steps to try to discourage tax avoidance by Britain's banks, now frequently dependent on state aid. The chancellor launched plans for a code of practice in which banks would be expected to abide by the 'spirit of the law'.The whistleblower in Barclays' apparently troubled structured-finance department at Canary Wharf has disclosed to the Liberal Democrats the existence of a scheme condenamed Project Knight.In memos seen by the Guardian, executives from SCM, Barclay's structured capital markets division, sought approval for a 2007 plan to sink a total of more than $16bn into US loans.Tax benefits were to be generated by an elaborate circuit of Caymans companies, US partnerships and Luxembourg subsidiaries, in a $4bn deal with North Caro
Guardian

Dell's Adamo Takes a Page From the Apple Playbook - CNN Money
( gigaom.com ) -- As expected , Dell (DELL) today releases the Adamo notebook PC, its entry into the high-end ultra-thin market dominated by Apple's (AAPL) Macbook Air. On the surface, bringing out a $2,000 "fashion" laptop in the middle of a ...
Feed Digest

Khatami pulls out of Iranian race
Iran's former president Khatami is expected to withdraw from the June presidential election, the BBC understands.
BBC

Abington Bancorp, Inc.: Abington Bancorp, Inc. Announces Share Repurchase Plan
JENKINTOWN, PA (MARKET WIRE) Abington Bancorp, Inc. (the 'Company') (NASDAQ: ABBC), the parent holding company for Abington Bank (the 'Bank'), announced today that it will commence a share repurchase program for up to 5% of its outstanding shares, or 1,104,168 shares. The shares may be purchased in the open market or in privately negotiated transactions from time to time depending on market conditions and other factors over a one-year period. Repurchases are expected to commence promptly. The initiation of this share repurchase plan follows the completion of our previous share repurchase plan in March 2009, under which
Market Wire

Stocks to Watch: Stocks in focus for Tuesday
Among the companies whose shares are expected to see active trade in Tuesday's session are Adobe, Guess, Apple, Alcoa and American International Group.
Market Watch

Areva puts up barriers around one third of work on new British nuclear reactors
Nearly one third of the work involved in the construction of nuclear reactors in Britain will be shut off to UK companies, the French group that is expected to build most of them said yesterday. ...
BBC

Fortress hard hit by market meltdown
The alternative investment firm announced a larger-than-expected loss of $140m and an 11 per cent drop in assets under management
FT

Hitachi to spin off units amid reshuffle
The industrial conglomerate known as the GE of Japan announced a wide-ranging restructuring and executive changes as it seeks to tackle expected losses of $7.1bn in the year to March 2009
FT

Backing for AIG provides blueprint for banks
The US government's decision to pay out all the money owed by AIG to its financial derivatives counterparties is widely regarded as a 'blueprint' for the level of government support that can be expected in the derivatives industry
FT

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