While you were sleeping Wall Street regains momentum

Wed, 20 Mar 2013

By Margreet Dietz March 21 (BusinessDesk) - As Cyprus continued its efforts to seek financial help that will prevent its bankruptcy, investors turned their focus toward positive news from companies including Lennar and Adobe. Cypriot lawmakers yesterday vetoed a proposal, suggested by European Union and International Monetary Fund leaders, to tap bank deposits to help fund a much-needed bailout. Desperate for alternatives, Cyprus is now in talks with Russia to secure funding but progress is slow. Still, investors believe the fallout from the...

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