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Icahn Warns of 'Market Crisis' Ahead, Returns $1.76 Billion in Funds

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Icahn Returns $1.76 Billion, Sees 'Market Crisis' Coming
Billionaire investor Carl Icahn has returned close to $2 billion in investor funds from his hedge funds, fearing that investors will soon suffer losses as big as 2008 or worse in a coming 'market crisis.'
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Important: The market expert who predicted the last crash, housing crisis, and even the recent market rally, warns of a serious economic meltdown ahead. His prediction of a major dollar devaluation is already underway. Find out what he says and how to protect your wealthGo Here Now

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Catholic faithful across America thank you

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Dear Newsmax Reader:

Please find below a special message from our sponsor, Catholic Extension. They have important information to share with you. Thank you.

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Dear Newsmax Reader,

"Recently, I had the opportunity to meet Pope Benedict XVI on a visit to Rome. His warmth and compassion were genuine, and brought to mind how fortunate we are in this country to have Catholic communities willing to reach out to others.

You may remember in my last message when I asked..."

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They are our neighbors in faith from the most remote villages in Alaska and in the deep South; Native Americans in the Southwest and in the vast regions of our Great Plains. I am writing to invite you to partner with Catholic Extension's faith building efforts here at home. You, too, can make a difference to Catholics that need help most.

Since 1905 and with the continued help of people just like you, Catholic Extension has helped continue to build the faith across America. Your support allows us to continue.

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If you've already responded, thank you! If not, I invite you to learn more about us and consider making a generous gift to help Catholic communities across our great nation.

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Father Jack Wall
President, Catholic Extension


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U.S. Top News Early Edition: Gaddafi forces attack rebel town in west

Reuters
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03/9/2011
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LATEST NEWS
Gaddafi forces attack rebel town in west
TRIPOLI (Reuters) - Libyan forces loyal to Muammar Gaddafi closed in on rebels in the western city of Zawiyah on Wednesday, surrounding them with tanks and snipers in the main square, a resident and a rebel fighter said. | Full Article
Jury to hear gripping opening of Rajaratnam trial
March 09, 2011 07:46 AM ET
NEW YORK (Reuters) - The biggest Wall Street insider trading criminal case in a generation goes to trial on Wednesday, when prosecutors open their case against Galleon Group founder Raj Rajaratnam whose arrest 16 months ago shook the hedge fund world. | Full Article
House panel to examine Muslim radicalization
March 09, 2011 09:01 AM ET
WASHINGTON (Reuters) - The House of Representatives will investigate radicalization in the American-Muslim community, sparking outrage that the probe is a witch-hunt akin to the 1950s anti-Communist campaign. | Full Article
Idaho passes Republican bill to curb union rights
March 09, 2011 08:03 AM ET
CHICAGO (Reuters) - The Idaho state legislature approved a bill on Tuesday to strip public school teachers of many of their collective bargaining rights while protesters in six states rallied against Republican efforts to curb union power. | Full Article
Toyota aims to double profit before 2015
March 09, 2011 07:51 AM ET
TOKYO (Reuters) - Toyota Motor Corp will rely more on emerging markets for sales and launch about 10 new hybrid models under a long-term strategy aimed at nearly doubling profits before 2015, its president said on Wednesday. | Full Article
BUSINESS NEWS
Stocks set for lower open on oil and Portugal debt
March 09, 2011 09:20 AM ET
NEW YORK (Reuters) - Stocks were poised for a lower open on Wednesday, with oil prices edging higher on continued turmoil in Libya, and as a bond auction in Portugal failed to ease concerns the country would need a bailout. | Full Article
Airbus order surge lifts cash-rich EADS
March 09, 2011 08:21 AM ET
MUNICH, Germany (Reuters) - Airbus parent EADS returned to profit in 2010 and bagged a slew of new aircraft orders, boosting its shares even as airline customers fret about a massive surge in oil prices. | Full Article
HCA IPO seen strong despite debt, reform risks
March 09, 2011 04:20 AM ET
CHICAGO/NEW YORK (Reuters) - HCA, the biggest U.S. for-profit hospital chain, plans to go public on Wednesday, and analysts expect strong demand even though its private equity owners saddled it with a massive amount of debt. | Full Article
Portugal bond yield jumps
March 09, 2011 09:06 AM ET
LISBON (Reuters) - Portugal's two-year cost of borrowing hit the highest level since it joined the euro in a bond auction on Wednesday, and the government said yields were unsustainable in the long run without Europe-wide action. | Full Article
Russia's Aeroflot to buy eight Boeing airliners
March 09, 2011 09:28 AM ET
MOSCOW (Reuters) - Russian flagship airline Aeroflot said on Wednesday it had signed a firm order to buy eight Boeing 777s , in line with earlier plans, partly to boost its fleet ahead of the Winter Olympics in 2014. | Full Article
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Influential research misses financial conflicts
UK to ban displays of cigarettes, tobacco in shops
Medtronic says FDA warning letters resolved
Obama administration appeals healthcare ruling
Two-thirds of states cut mental healthcare funds: advocacy group
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