Money and Financial Lifestyle

Stocks fell on Tuesday as investors took profits in the technology and banking sectors while a drop in U.S. exports in March and multiple stock offerings from various companies dampened enthusiasm.

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Wall Street slides on profit taking (Reuters)

General Electric Co plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.

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GE sees $1 billion potential in advanced batteries (Reuters)

Improved credit markets have brought stabilization to the economy but it is still not clear when growth will resume, General Electric Co Chief Executive Jeff Immelt said on Tuesday.

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GE CEO says economy stabilized, growth a question (Reuters)

Coal stocks rallied on news of Alpha Natural Resources’ planned acquisition of Foundation Coal Holdings.

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Merger News Powers Coal Index (Indie Research)

Cash-rich private equity firms are preparing to deploy newly-raised funds, dispelling some of the gloom in the sector and raising hopes that buy-out deals are in the pipeline.

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Strong buyout firms ready to profit from crisis (Reuters)

NEW YORK—-Anthracite Capital, Inc. reported net income available to common stockholders for the first quarter of 2009 of $0.27 per share, compared to $0.75 per share for the same three-month period in 2008.

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Anthracite Capital Reports GAAP Earnings of $0.27 Per Share and Operating Earnings of $0.07 Per Share (Business Wire)

American International Group Chief Executive Edward Liddy will speak out against criticism of the insurer’s employees on Wednesday and talk about the company’s future plans, the Wall Street Journal said.

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AIG CEO to fight criticism of employees: report (Reuters)

MBIA Inc , once the largest U.S. bond insurer, reported Monday it had swung to a first-quarter profit after a huge year-earlier loss, sending its shares up 18 percent in after-hours trade.

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MBIA shares soar after posting profit (Reuters)