PRESS DIGEST - Washington Post Business - March 27

Wed Mar 26, 2008 11:41pm EDT
 
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WASHINGTON, March 27 (Reuters) - The Washington Post included the following items on the front page of its business section on March 27. Reuters has not verified these stories and does not vouch for their accuracy.

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Sales of new homes and durable goods fell in February, underlining the continued weakness of the housing market and manufacturers' growing concerns about the economy.

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Treasury Secretary Henry Paulson called for strengthened federal oversight of investment banks in the wake of the collapse this month of Wall Street giant Bear Stearns.

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Government auditors said that the Pentagon relies too much on contractors who often work alongside their government counterparts, cost more and sometimes take on responsibilities they are not supposed to.

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The White House named William Kovacic as chairman of the Federal Trade Commission, replacing outgoing chairman Deborah Platt Majoras.  Continued...

 

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