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Paul Dykewicz

[Wall St. Sign]
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Former Treasury Secretary Timothy Geithner, 52, will be able to tap his vast professional network when he becomes president at the buyout firm Warburg Pincus LLC, starting March 1. He will help manage the company, invest its funds and communicate with investors, New York-based Warburg Pincus announced.

[Marriner S. Eccles Federal Reserve Board Building]
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Five years after Federal Reserve Chairman Ben Bernanke cut U.S. interest rates toward zero to end the worst economic crisis since the Great Depression, America’s financial markets continue to rise. From money-market rates to yields on government and company bonds to equity prices, financial conditions in the United States seem healthier than before Lehman Brothers Holdings Inc. collapsed in 2008.

[dollar bills]
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The dollar and the yen fell this morning against growth-linked currencies which drew support from higher stock markets as investors responded positively to prospects of more economic reform in China.

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U.S. stocks rose, sending the Standard & Poor’s 500 Index above 1,800 for the first time, as global equities rallied after China pledged to expand economic freedoms. The S&P 500 climbed 0.2 percent to 1,801.09 at 9:32 a.m. in New York.

[NYSE building]
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Washington Post Co is changing its name to Graham Holdings Co, after its sale of the Washington Post newspaper to Amazon.com Inc founder Jeff Bezos. The company’s symbol on the New York Stock Exchange will change to “GHC” starting on Nov. 29.

[Bull Market]
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U.S. stocks rose today to extend records for benchmark indexes, as Janet Yellen, the nominee to become chairman of the Federal Reserve, spoke about the need to continue the Federal Reserve’s stimulus efforts.

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