US pre-open: Shaky start to week
Mar 15, 2010
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The market is expected to start a little lower Monday as investors remain uneasy with Wall Street sitting at 18-month highs.
Policymakers sit down to discuss US interest rates this week, which will likely influence direction short term.
Google should feature on reports the search engine is nearer to closing down its website in China.
Moody's Investor Service, the credit rating agency, will fire a warning shot at the US on Monday, saying that unless the country gets public finances into better shape than the Obama administration projects there would be "downward pressure" on its triple A credit rating, reports the FT.
Wachovia Bank, a part of Wells Fargo, is in talks with the Justice Department to settle US government allegations that a failure in bank controls enabled Mexican exchange houses to launder drug money, according to people familiar with the situation, writes the Wall Street Journal.
AT&T will unveil today a suite of mostly Web-based services that it says will make it possible for consumers to use inexpensive new cellphones to handle tasks mostly associated with higher-price smartphones, according to USA Today.
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