More Breaking News

Geithner, Brown Split on Tobin Tax at G-20 Meeting (Update1) Group of 20 governments split on whether to tax financial trading as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone.

Pelosi Says House Will Pass Health-Care Legislation (Update2) House Speaker Nancy Pelosi said her chamber today will pass legislation on the most sweeping U.S. health-care changes in four decades as President Barack Obama urged Congress to “rise to this moment.”

Cadbury Holder Franklin Bought for M&A, Awaits Kraft (Update1) Franklin Resources Inc. fund manager Anne Gudefin, whose company is the biggest investor in Cadbury Plc, said she targeted the U.K. confectioner as a takeover candidate before Kraft Foods Inc.’s unsolicited approach.

Democrats Get Deal on Abortion Ahead of Health Debate (Update2) House Democrats moved to clear one of the last hurdles to a historic debate on legislation to overhaul the U.S. health system, agreeing to a demand by 40 lawmakers to allow a vote on restricting funds for abortion.

Geithner Says ‘Continued Policy Support’ Needed for Recovery Treasury Secretary Timothy Geithner said the U.S. economy requires “continued policy support” to recover from a financial and economic crisis that has pushed unemployment to its highest level since 1983.

G-20 Says Economic Conditions Have Improved: Meeting Statement The following is a reformatted version of the statement released today by the Group of 20 developing and emerging nations. The U.K. Treasury posted the communiqué on its Web site today.

IMF Says Dollar Funding ‘Carry Trade,’ May Still Be Overvalued The International Monetary Fund said traders are probably using the dollar to fund “carry trades” across the world and the currency may still be overvalued even after its slide this year.

G-20 Outline Plan for Balanced Growth, Discuss Financial Tax Group of 20 finance chiefs outlined a timetable to rebalance the global economy and discussed taxing financial trades as part of a broader strategy to prevent a repeat of the worst crisis since the Great Depression.

Brown Says G-20 Should Consider Tax on Speculation (Update1) U.K. Prime Minister Gordon Brown said the Group of 20 nations should consider measures such as taxing financial transactions to penalize excessive risk taking and limit the burden on taxpayers of bank failures.

U.S. Stocks Gain as Manufacturing, Home Sales Surpass Forecasts U.S. stocks rose, halting a two-week retreat, after worker productivity, manufacturing and home sales beat economists’ projections and Warren Buffett’s Berkshire Hathaway Inc. made its biggest purchase.