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Profit-taking, bank caution halt market run-up
NEW YORK (Reuters) - wall street capped a strong week on a down note on Friday as investors booked profits in the wake of the recent upward surge and bank shares dropped after bank executives indicated March had been a tougher month for the industry than the previous two.
Reuters

Atlanta`s Omni National Bank becomes 21st failure of 2009
SAN FRANCISCO (MarketWatch) -- Omni National Bank of Atlanta became the 21st bank to fail in 2009, after the Federal Deposit Insurance Corporation said regulators closed the bank. SunTrust Bank of Atlanta will operate the six former branches of Omni National until April 27. Omni had assets of $956 million and total deposits of $796.8 million as of March 9. The failure marks the 46th bank to fail since the recession began.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Market Watch

Goldman CEO compensation drops 98% to $1.1 mln in 2008
SAN FRANCISCO (MarketWatch) -- Goldman Sachs Group paid Chief Executive Lloyd Blankfein $1.11 million in total compensation for 2008, down 98% from the year before, according to the investment bank's proxy statement, which was filed late Friday with the Securities and Exchange Commission. In 2007, Blankfein received $70.3 million in total compensation. The 2008 pay comprised a $600,000 salary, $277,828 in stock awards and $235,943 in other compensation, such as life insurance premiums, Goldman disclosed. Goldman didn't grant any stock to its top five executives for 2008, so Blankfein's $277,828 stock award reflects the firm's accounting of grants from previous years, the firm explained. market pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Market Watch

Nokia Pullback To Cost Subcontractors $5 Billion
The overall cellphone market is expected to contract by about 10% this year, hurt as consumers rein in spending and handset sellers try to clear out unsold phones.
Information Week

Market for Dollars Frozen in Venezuela
Venezuela's black market for dollars has been all but frozen by a money-laundering indictment against the owner of a small Florida firm.
Wall Street Journal

Rio rises in London on BHP bid talk
RIO Tinto shares outperform peers in the London market on speculation rival miner BHP Billiton could re-emerge as a suitor.
The Australian

Tips on Emerging-Market Mutual Funds
Shifting foreign currency values compared with the U.S. dollar can heavily affect international fund performance.
The Street

Kroger recalls shelled pistachios over salmonella risk
SAN FRANCISCO (MarketWatch) -- Kroger Co. said late Friday it is recalling shelled pistachios at the supermarkets it operates because of a salmonella risk. The company recalled its Private Selection shelled pistachios in 10-ounce containers that were sold in 31 states at Kroger, Ralphs, Fred Meyer, Fry's, King Soopers, Smith's, Dillons, QFC, City Market, Foods Co., Jay C, Scott's, Owen's, Baker's, Gerbes, Hilander and Pay Less stores. Kroger did not say how many containers are affected by the recall.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Market Watch

Stocks: Down day, up week
Wall street tumbled Friday at the end of an otherwise upbeat week, stretching the market rally to three straight weeks, for the best run in a year.
CNN

Forex Without The Fuss - Forbes.com: Personal Finance News
Exchange-traded funds offer a much easier way to invest in the currency market.
NewsRack

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