U.S.

Stocks in U.S. Fall on Concern Over Dodd Financial Rules, China's Economy U.S. stocks fell for a second day amid growing concern lawmakers will limit trading at banks and speculation that China will restrict economic growth to curb inflation.

U.S. Industrial Output Points to Sustained Pickup in Business Investment Industrial production unexpectedly rose in February, due in part to gains in demand for computers and semiconductors that signal the pickup in U.S. business investment is being sustained.

Consol Energy to Acquire Dominion Marcellus Shale Fields for $3.48 Billion Consol Energy Inc., a coal and natural gas producer, agreed to buy Dominion Resources Inc.’s natural gas and oil exploration and production business for $3.48 billion to expand Marcellus Shale reserves.

AIG Said to Cut Bonuses to Ex-Workers by $21 Million to Meet Feinberg Goal American International Group Inc., the bailed-out insurer, cut retention bonuses to be delivered to former employees today by about $21 million to meet a target imposed by U.S. paymaster Kenneth Feinberg, said a person briefed on the company’s plans.

Real-Estate Recovery Signaled by Homebuilders' Surge as Fed Unwinds Credit The U.S. housing market is poised to withstand the removal of government and Federal Reserve stimulus programs and rebound later in the year, contributing to annual economic growth for the first time since 2006.

Europe Profits Beating U.S. Means Stoxx 600 Bull Market Intact to JPMorgan Europe is growing at half the U.S. pace, the U.K. budget deficit may reach 12.6 percent of gross domestic product, and that’s proving no deterrent to the strategists who picked last year’s market bottom.

Latin America

Chile Says Blackout May Reoccur as Cuts Leave 80% of Nation Without Power Chileans braced for more blackouts after an outage yesterday left 80 percent of the population without power and much of Santiago in darkness for more than two hours, the result of grid damage from last month’s earthquake.

Brazil Seeks to Break Patents on U.S.-Made Movies, Drugs Amid Trade Fight Brazil will seek to break intellectual property rights on U.S.-made prescription drugs, music, books, software and movies in a bid to force the U.S. government to end cotton subsidies that violate global trade rules.

Chile Peso Gains on Pinera Plan to Use $11.3 Billion of Savings to Rebuild Chile’s peso rose the most in a week after President Sebastian Pinera said he plans to tap the nation’s overseas savings and borrow in international debt markets to pay for reconstruction from last month’s earthquake.

Petrobras, Repsol Discover More Evidence of Oil in Offshore Brazil Field Petroleo Brasileiro SA, Brazil’s state-controlled oil company, and Repsol YPF SA found more evidence of crude at an offshore field that may hold about 550 million barrels of oil equivalent.

Bovespa Sinks on Concern Higher Rates in China, Brazil Will Curb Growth Brazilian stocks dropped the most in almost three weeks on concern inflation in China and Brazil will prompt policy makers to raise interest rates, slowing economic growth.

Banco Bradesco to Sell Benchmark Dollar Bonds in International Debt Market Banco Bradesco SA, Brazil’s second- largest lender by market value, plans to sell benchmark dollar bonds in its second overseas debt issue since September, said a person familiar with the transaction.

Exclusive

Goldman Sachs Squeezes Hedge Funds in $110 Billion `Collateral Arbitrage' Goldman Sachs Group Inc. and JPMorgan Chase & Co., two of the biggest traders of over-the- counter derivatives, are exploiting their growing clout in that market to secure cheap funding in addition to billions in revenue from the business.

Muni Middleman's Financing in the Dark Leaves Homeless Outside Looking In David Rubin, accused of rigging hundreds of investment contracts for local governments across the U.S., is at the center of investigations by city and federal authorities into a Los Angeles housing development.

Google Advertisers in China Told to Switch on Speculation Site Will Shut Google Inc. advertisers in China are being advised to switch to rivals such as Baidu Inc. and business partners are exploring alternatives as speculation grows the U.S. company will shut its Web site in the country.

Regulators Blamed Human Error as Ford Led Non-Toyota Acceleration Deaths U.S. regulators have tracked more deaths in vehicles made by Ford Motor Co., Chrysler Group LLC and other companies combined than by Toyota Motor Corp. during three decades of unintended acceleration reviews that often blamed human error.

Money Rates Rising Foreshadow Treasury Losses as Bernanke Prepares an Exit Money market interest rates at five-month highs show the Federal Reserve is laying the groundwork to siphon a record $1 trillion in excess cash from the banking system and sending a bearish signal on Treasuries.

Stock-Fund Managers Don't Look So Bad After Rally: Chart of the Day Managers of U.S. equity mutual funds have less of an excuse these days for failing to beat benchmark indexes, judging by a Standard & Poor’s study.