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Barclays faces tough questions over iShares
Barclays is likely to face more tough questions from shareholders over its decision to sell iShares after the buyer, CVC Capital Partners, said it would look to float the exchange-traded funds business
FT

N.C. shuts down Cape Fear Bank; FDIC brokers sale of assets
The troubled and tumultuous journey of Cape Fear Bank came to a sudden end Friday when the North Carolina Commissioner of Banks' office closed down the Wilmington lender and the Federal Deposit Insurance Corp. arranged a sale of the bank's assets to the First Federal Savings and Loan Association of Charleston, S.C.
Biz Journal

Obama sees economic `glimmers of hope`
President Barack Obama sees 'glimmers of hope' in the US economy, citing a pick-up in lending to small businesses and lower mortgage rates as signs that the country is weathering the financial crisis
FT

Tribune faces Labor Dept. probe
Business News: Feds scrutinizing employee ownership plan -- Tribune Co. is now facing more scrutiny from the feds, this time for the complex employee stock ownership plan that was the key to financing Sam Zell's 2007 takeover of the newspaper and TV station owner.
Variety

White House sees recovery on the horizon
President Obama said Friday that the economy is showing "glimmers of hope" with help from increased lending to the nation''s small businesses. The president noted that Small Business Administration has increased by 20 percent in recent months, which should help ease the effects of the...
NASDAQ

Cape Fear Bank of Wilmington, N.C. fails; 22nd of year
SAN FRANCISCO (MarketWatch) -- Cape Fear Bank of Wilmington, N.C., became the 22nd bank failure of 2009 and the 47th of the recession, according to the Federal Deposit Insurance Corp. on Friday. First Federal Savings and Loan Association of Charleston, S.C., will assume all of the deposits of the bank. As of March 31, Cape Fear Bank had total assets of about $492 million and total deposits of $403 million. Cape Fear Bank's eight offices will reopen Monday as branches of First Federal, the FDIC said.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

Midlands braced for jobs cull as car industry pain rolls on
Thousands more workers in the West Midlands car industry face redundancy, despite government attempts to free up finance for cash-strapped businesses. Some 50,000 people work in the automotive sector...
Big News Network

Valley business sellers ask more, get less
Silicon Valley business sellers raised their asking prices in the first quarter, compared to last year, but the median price was down, according to a report by BizBuySell.com.
Biz Journal

Developing Asia to slow to Asian crisis levels
Developing Asia's economic growth will slow in 2009 to its most sluggish pace since the 1997/1998 Asian financial crisis, the Asian Development Bank (ADB) says in a new major report.
India Gazette

Bank of America Corp. refinances mortgages under Treasury plan - Birmingham Business Journal
"); jQuery('#search_jobs,#search_news,#search_companies').css('font-weight','normal'); jQuery('#search_site').css('font-weight','bold'); jQuery('#searchform').attr("action",'http://triad.bizjournal...
Big News Network

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