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SPD Bank to raise 30 bln yuan by selling bonds and shares
BEIJING, April 11 (Xinhua) -- Shanghai Pudong Development Bank (SPD Bank) plans to raise 30 billion yuan (4.4 billion U.S. dollars) by sales of shares and bonds to improve its capital adequacy, the ba...
Big News Network

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

A Third Time`s a Charm: Cadillac Betting Big On Sub-CTS Line, Flagship Also Planned
This reader letter reminds me of so many cars I've seen that seemed to be inhabited by a gang of electrical gremlins. I have a 2001 Chevy Blazer 4x4. My...
Autospies.com

Dubai World sets new plan to save Las Vegas CityCenter--WSJ
SAN FRANCISCO (MarketWatch) -- Dubai World, MGM Mirage's partner in the $8.6 billion Las Vegas CityCenter development, has proposed the troubled project's investors agree to fund it through completion, the Wall Street Journal reported Friday. Details of the plan were not immediately available, but according to people familiar with it, it calls for Dubai World, MGM Mirage and bank lenders to commit to providing the estimated $3 billion needed to finish the project. Such a move could result in banks dropping an earlier agreement to back a $1.8 billion emergency loan only if MGM Mirage and Dubai World increased their own cash contributions to the massive 67-acre hotel, condominium, shopping mall and casino project. 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

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 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

TalentSpring raises $1.6 million for its automated candidate sourcing
Semantic Search engine for talent outsourcing, TalentSpring that enables recruiters to find resumes of candidates across various social networks, job boards, etc has raised $1.6 million in funding. The investment came from Second Avenue partners and other private investors. The startup currently providing around 50 medium and large corporations with plans to expand further.---Related Articles at Startup Meme:ClickPass embeds Google, Hotmail, Yahoo and Facebook into its OpenID.12seconds- a micro video messaging service or call it a true “twitter video”
Startup Meme

Barclays sells iShares to CVC
Barclays has agreed to sell its iShares asset management business to private equity firm CVC Capital Partners for 3 billion pounds, but kept the right to hunt for a better deal for two months.
tiscali.co.uk

Menominee pushing casino plan out of court
The Menominee Indian Tribe of Wisconsin has voluntarily withdrawn its lawsuit against the federal government regarding rejection of its proposal to build an $808 million off-reservation Indian casino in Kenosha, but it is not backing off the plan.
Biz Journal

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