G-20 links IMF hike to bigger EU fund


February 27, 2012 at 12:00a.m.

G-20 links IMF hike to bigger EU fund

mexico city

The G-20 nations are conditioning additional money for the International Monetary Fund on the European Union first increasing its financial stabilization funds to ease concerns about the euro zone debt crisis, officials said Sunday.

Officials participating in a meeting of G-20 nations’ finance ministers and central bank heads said an EU decision to add to the estimated $675 billion in firewall funds already committed to the effort would be essential before the rest of world considers contributing to the stabilization measures.

Murdoch’s Sunday tabloid launches

london

Rupert Murdoch’s newest newspaper launched Sunday with a familiar mix of celebrity news, scantily clad women and defiant language.

The Sun’s Sunday edition hit the stands two weeks after five employees of the tabloid were arrested in an inquiry into the reported payment of bribes to police and defense officials.

The new Sunday tabloid replaces The News of the World, which closed in July after an advertising boycott led Murdoch to pull the 168-year-old paper.

Britons were disgusted by revelations that the paper had routinely hacked into the phones of those in the public eye — including, most notoriously, a missing schoolgirl whose murder had shocked the country.

Vindicator wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 22.55 —.06

Avalon Holdings,3.67—.16

Clear Channel, .77 71.70 .24

Cortland Bancorp, 7.25.00

Farmers Nat., .125.52 —.03

First Energy, 2.20, 44.07.07

FirstMerit Corp., .64,16.12 —.18

First Niles Financial, .32,7.50.00

First Place Fin., .91.10

FNB Corp., .48,11.95—.14

General Motors,26.06—.73

General Electric, .68,19.24—.07

Motors Liquidation, .04.00

Huntington Bank, .16, 5.91—.10

JP Morgan Chase, 1.00,38.28—.21

Key Corp, .12,8.07.04

LaFarge, 11.90 .30

Macy’s, .80, 37.06.07

Parker Hannifin, 1.56, 89.63—.79

PNC, 1.40,59.38—.30

RTI Intl. Metals,24.00.03

Simon Prop. Grp.,3.60,136.66.89

Stoneridge 9.98 —.21

United Community Fin. 1.30—.03

Selected prices at 4 p.m. Friday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.