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California says may need U.S. to back short-term bond sales
California's 'liquidity problems' may force the state to seek federal backstops for sales of its short-term notes this summer, even though it received heavy demand from retail buyers in a recent bond sale, its state treasurer says.
Market Watch

Court restricts investor voting in Fortis sale
A Belgian court restricted the pool of shareholders entitled to vote on the sale of the bank to BNP Paribas to a faction that rejected a similar deal in February
FT

Honda cutting U.S. production, salaries: WSJ
SAN FRANCISCO (MarketWatch) -- Honda Motor Co. will cut North American production by another 62,000 units, reduce pay of its salaried employees in North America, and force its hourly workers to take unpaid leave as car sales continue to plunge, the Wall Street Journal reported in its online edition Tuesday. Honda had already reduced production in North America by 204,000 units, bringing its unofficial output to 1.25 million in the fiscal year ending Tuesday, the newspaper said. In addition to pay cuts, bonuses this year will be greatly reduced or eliminated, a company spokesman told the Journal. 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

Hedge Funds: Carhart, Iwanowski to retire as Goldman reorganizes quant unit
Mark Carhart and Ray Iwanowski, who ran what used to be Goldman Sachs' largest hedge fund, are retiring as the investment bank reorganizes its so-called Quantitative Investment Strategies team, according to a memo.
Market Watch

GM rolls out incentive program to quickly drive car sales
The Total Confidence program will make as many as nine car payments of up to $500 each for car buyers in the event they are laid off within two years. A day after the president threw down the gauntlet for the American auto industry, General Motors Corp. began the work of selling cars anew.
LA Times

Porsche sales fall ... Visteon job cuts ... Sportingbet deal
Services sector output: Figures showed that services sector output fell by 0.2 per cent in January, after a 0.1 per cent drop in December. Productivity: Figures showed that productivity fell 1.5 per...
Big News Network

Why the Founders Coldwell Banker CMO Explains Strategy
NEW YORK (AdAge.com) -- What are skittish consumers looking for in a real estate agency today? A brand with a long history that they can trust and believe in, says Coldwell Banker CMO Michael Fischer....
Big News Network

Will GM``s New Buyer Incentives Help Sales?
GM said Tuesday that bankruptcy is more likely than ever for the automaker. Meanwhile, Anthony Mason reports that big auto companies are offering new incentives to lure customers into the showroom.
CBS News

Heelys posts Q4 loss as sales rise
Wheeled-footwear maker Heelys Inc. posted a fourth-quarter net loss on Tuesday as the company continued to grapple with low consumer demand.
Biz Journal

Australian Sales Fall by Most Since 2000 Despite Stimulus
Australian Retail Sales plummeted 2.0% in February, overshooting expectations that the figure would fall by only -0.5% on a seasonally adjusted basis....
Daily FX

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