DOW JONES NEWS - EU may fund private sector financial oversight - BusinessWeek DOW JONES NEWS - EU may fund private sector financial oversight - BusinessWeek

Monday, January 26, 2009

DOW JONES NEWS - EU may fund private sector financial oversight - BusinessWeek

The European Commission suggested Monday that the European Union should help fund private-sector financial oversight groups to make them independent of the market. EU spokesman Oliver Drewes said EU funding for the International Accounting Standards in STOCKMARKET NEWS >

WBIR -- In tough times, people turn to the church for spiritual guidance. But recently people have also flocked to churches for financial advice in this struggling economy. Many churches teach financial literacy to its members by hosting DVD seminars in STOCKMARKET NEWS >

Iceland's Prime Minister Geir Haarde, right, addresses journalists at the parliament in Reykjavik, Iceland, Monday, Jan. 26, 2009. Haarde said Monday the island nation's coalition government has collapsed amid a deepening financial crisis. (AP Photo in STOCKMARKET NEWS >

(CNN) -- Iceland's ruling coalition resigned Monday, three months after the collapse of the country's currency, stock market and several major banks, and following months of public protests, Kristjan Kristjansson, a spokesman for the prime minister in STOCKMARKET NEWS >

BRUSSELS, Belgium — The European Union decided Monday to remove an Iranian opposition group from the EU's terror list and lift the restrictions on its funds, a move likely to further damage relations strained over Tehran's nuclear program. The in STOCKMARKET NEWS >

Citigroup analyst John Boris says Pfizer ( PFE ) needed a large scale acquisition to address its 2011-2013 patent cliff. Boris sees Pfizer and Wyeth ( WYE ) as making strategic and financial sense for shareholders, contingent on WYE shareholders in STOCKMARKET NEWS >

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