U.S. News
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European shares trimmed declines, and U.S. stocks were little changed, amid speculation global central banks will take coordinated measures to prevent a financial crisis. Treasuries reversed earlier gains and commodities pared declines. The euro rose versus the dollar.
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Group of 20 finance chiefs pledged to address rising risks to the global economy and pushed Europe to contain its sovereign debt crisis after concern the world is on the brink of another recession sent stocks tumbling.
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The Federal Reserve’s plan to buy longer-term Treasuries has succeeded in bringing down interest rates while not convincing investors the unorthodox monetary policy will strengthen economic growth.
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Meg Whitman, who built her career at companies that sell shoes, toys and Beanie Babies to consumers, may be ill-prepared to lead computer maker Hewlett- Packard Co. as it seeks to cater more to large corporations.
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