Alton Telegraph gets new owner

A private equity firm with interests in clothing, parking lots, steakhouses and other businesses will be the new owner of The Telegraph, the newspaper that has served the Alton area since 1836.
Sale of The Telegraph by Freedom Communications to an arm of Versa Capital Management is part of a four-newspaper deal the companies announced Thursday. […]

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JPMorgan’s Dimon gets his $23 million pay package

Even as he apologized for a $2 billion trading loss, shareholders approved JPMorgan Chase CEO Jamie Dimon’s $23 million pay package Tuesday at the bank’s annual meeting.
The meeting comes just days after the bank disclosed the massive trading loss, an event that led to the departure of its chief investment officer and forced its […]

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Buy American revision reopens threat to Canadian economy

WASHINGTON

Sarkozy Becomes First French President in 30 Years to Be Ousted - Bloomberg

Nicolas Sarkozy

IMF Says European Banks May Have to Sell $3.8 Trillion in Assets - Bloomberg

European banks could be forced to sell as much as $3.8 trillion in assets through 2013 and curb lending if governments fall short of their pledges to stem the sovereign debt crisis or face a shock their firewall can

Dole recalls bagged salad for salmonella risk

Dole Food Co.’s fresh vegetables division is recalling 756 cases of bagged salad, because they could be contaminated with salmonella.
The salads were distributed in Alabama, Florida, Illinois, Indiana, Maryland, Massachusetts, Michigan, Mississippi, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia and Wisconsin.
Dole said late Saturday that it’s coordinating with regulatory officials and that no illnesses […]

Crisis Programs May Earn Long-Term Profit, U.S. Treasury Says - Bloomberg

The U.S. Treasury Department, defending the Obama administration

AP Interview: Islamist warns of ‘new Mubarak’

The candidate for Egypt’s most influential political force, the Muslim Brotherhood, warned Tuesday that the country’s upcoming presidential race may be rigged, a sign of rising tensions as his group faces off against one of ousted leader Hosni Mubarak’s most powerful deputies.
Khairat al-Shater, who is also the Islamist group’s chief strategist and financier, said that […]

China Accelerates Markets Opening as QFII Quota Doubles - Bloomberg

China accelerated the opening of its capital markets by more than doubling the amount foreigners can invest in stocks, bonds and bank deposits as the government shifts its growth model to domestic consumption from exports.
The China Securities Regulatory Commission increased the quotas for qualified foreign institutional investors to $80 billion from $30 billion, according […]

Stocks on a roll, but small investors miss the party

The stock market is on a roll this year. The pros are bullish, yet John and Jane Public are still scared of stocks.
The market, as measured by the S&P 500 Index, is up 12 percent so far this year, its best first-quarter rally since 1998. But small investors are missing the party.
They have been yanking […]