Financial news on April 17, 2010

Business and Financial news
After the Housing Bust, Construction Shows Life

In addition, starts in February were sharply revised to show a 1.1 percent increase instead of a 5.9 percent drop. Read more..

By DAVID STREITFELD - The New York Times

Australian Miner to Hold Talks Over $3.8 Billion Offer From U.S.'s Peabody

Macarthur Coal, which has been the object of an intensifying takeover battle, has previously rejected rival offers. Read more..

By BETTINA WASSENER - International Herald Tribune

Bank of America, With Merrill’s Help, Returns to Profit

The bank, which is often considered an economic bellwether, said its net credit losses dropped 5 percent in the first quarter. Read more..

By ANDREW MARTIN - The New York Times

Flight Chaos Sends Businesses Scrambling

Businesses around Europe made contingency plans Friday as a cloud of volcanic ash from Iceland kept airports closed. Read more..

By MATTHEW SALTMARSH - The New York Times

For Goldman, a Bet’s Stakes Keep Growing

Accusations that Goldman defrauded customers who bought investments tied to risky mortgages have only just begun to reverberate in the financial world. Read more..

By LOUISE STORY and GRETCHEN MORGENSON - The New York Times

Internal Report Faults S.E.C. In Stanford Case

A report by the S.E.C.’s inspector general, H. David Kotz, disclosed that the commission did not conduct a meaningful investigation of the indicted money manager R. Allen Stanford until 2005. Read more..

By BLOOMBERG NEWS - The New York Times

Investor Who Made Billions Is Not Target of Suit

John A. Paulson had a role in the instrument that caused $1 billion in losses for Goldman Sachs customers. Read more..

By GRETCHEN MORGENSON and LOUISE STORY - The New York Times

Ireland Is Latest With Plan to Cut Into Copyright Violations

A judge in Ireland cleared the way for the implementation of a crackdown on Internet piracy, dismissing concerns that the plan could result in the invasion of privacy. Read more..

By ERIC PFANNER - International Herald Tribune

John A. Paulson Is Not Target of S.E.C. Inquiry

The billionaire hedge fund manager John A. Paulson has found himself in an uncomfortable spotlight even though the Securities and Exchange Commission did not charge him along with Goldman Sachs with securities fraud. Read more..

By DEALBOOK - The New York Times

Toyota Agrees Lexus S.U.V. Has Problem With Handling

A spokesman said that Toyota was “very concerned” about the problem and that engineers were evaluating potential remedies. Read more..

By CHRISTOPHER JENSEN - The New York Times

See what else happened on April 17, 2010