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CA Agrees to Buy Nimsoft for $350 Million in Cash (Update2) CA Inc., the second-largest maker of software for mainframe computers, agreed to buy closely held Nimsoft Inc. for about $350 million to expand in cloud computing.

Wal-Mart Restores 300 Items After Store Visits Fall (Update2) Wal-Mart Stores Inc., the world’s largest retailer, returned about 300 items to its U.S. stores after their removal last year hurt shopper traffic.

Geithner Says Deficits Aren’t Crowding Out Private Borrowing Treasury Secretary Timothy F. Geithner said U.S. budget deficits, while “unsustainably high,” are helping the economy recover from recession without hurting private borrowers.

U.S. Stocks Gain on Economic Optimism as Financials Rally U.S. stocks rose for a second day as a drop in wholesale inventories and improvement in corporate bond markets added to signs the economy is strengthening, overshadowing concern China will raise interest rates.

Kinetic Concepts Wins Smith & Nephew Patent Case (Update4) Kinetic Concepts Inc.’s technology used to treat severe wounds was infringed by Smith & Nephew Plc, a federal jury found. Kinetic rose by more than 22 percent.

Silverstein May Default on Debt for 575 Lexington (Update1) New York developer Larry Silverstein, who teamed with the California State Teachers Retirement System to buy a 35-story office tower in 2006, now faces “imminent default” on debt tied to the property, Fitch Ratings said today.

Libya Accepts U.S. Apology for Remarks About Qaddafi (Update1) Libya has accepted a U.S. State Department apology for remarks about a call by the North African nation’s leader, Muammar Qaddafi, for a jihad against Switzerland, the Libyan mission to the United Nations said.

NYC Plans $900 Million General Obligation Bond Sale (Update1) New York City plans to sell $900 million of general obligation bonds as soon as next week, including $675 million of taxable Build America Bonds, according to the city’s Office of Management and Budget.

FTC Said to Ask Google Rivals About AdMob Purchase (Update1) U.S. regulators are seeking sworn declarations from Google Inc. competitors and advertisers as part of their probe of the Internet company’s bid to buy AdMob Inc., indicating the government may challenge the deal, said people with direct knowledge of the matter.

Unemployment Climbed in 30 U.S. States, Fell in Nine (Update1) Unemployment decreased in nine U.S. states in January, led by an improvement in Michigan that demonstrates factories are driving the economic rebound.

Global Box-Office Sales Rise to $29.9 Billion in 2009 (Update1) Global box-office sales increased 7.6 percent to a record $29.9 billion last year, helped by 3-D movies and “Transformers: Revenge of the Fallen.”

Turkish Bond Scam Funded Cryogenics, Porn, SEC Says (Update1) Executives at an Illinois estate- planning firm raised more than $20 million for Turkish Eurobond investments, while diverting clients’ money for a stamp collection, Internet pornography and cryogenically frozen umbilical cords, U.S. regulators said.

Psychiatric Solutions Says Approach Made by Purchaser (Update1) Psychiatric Solutions Inc., the operator of psychiatric facilities in 32 states, said it had been approached by a potential buyer.

Petrobras, Repsol, BG Find More Oil off Brazil Coast (Update3) Petroleo Brasileiro SA, Repsol YPF SA and BG Group Plc found more evidence of oil in the same offshore Brazilian block where the companies’ Guara field holds as much as 2 billion barrels of crude.

U.S. Stocks Trim Gain as Telephone, Consumer-Staples Shares Fall U.S. stocks trimmed gains in the final hour of trading, sending the Dow Jones Industrial Average lower, as a rally in banks slowed and telephone and consumer- staples companies extended losses.

Psychiatric Solutions Gets Approach Regarding Possible Sale Psychiatric Solutions Inc. said it has been approached by entities about a potential acquisition of the company.

British Airways Closer to Cabin-Crew Strike as Union Talks Fail British Airways Plc lurched closer to a strike by its 12,000 flight attendants after talks over cost cuts broke down.

Goldman Sachs Got $55.7 Million From Build America (Update1) Goldman Sachs Group Inc., the bank that got $10 billion in taxpayer bailout money, has made $55.7 million on the sale of $36.4 billion of Build America Bonds, about a third of the fees it earned from municipal business, it said in response to queries from Iowa Senator Charles Grassley.

Bollard Says N.Z. Won't Raise Rates Until Mid-Year (Update1) New Zealand’s central bank said it will wait until the middle of the year before raising interest rates as falling house prices and weak consumer spending are contributing to a slow economic recovery.

Yakuza Gets Bailout for Its Four-Finger Economy: William Pesek Japan’s gangsters may remember 2010 as a banner year.

Senate Approves $138 Billion Bill Extending Unemployment Aid The U.S. Senate approved a $138 billion measure that would extend unemployment benefits and provide additional aid to states in the second major effort this year by lawmakers to boost the economy.

Postal Service Rejects Three-Day Delivery Suggestion (Update2) Cutting U.S. Postal Service delivery to as few as three days a week would damage the brand and isn’t worth considering, the agency’s head said.

Christie May Propose Cutting N.J. Budget to $25 Bln (Update3) New Jersey Governor Chris Christie may propose reducing state spending by a record 14 percent, including cuts to property-tax rebates and school aid, according to two people with knowledge of budget talks.

U.S. Posts Record Budget Deficit of $221 Billion (Update1) The U.S. budget deficit widened to a record in February as the government boosted spending to help revive the economy.

PepsiCo’s Quaker Snack Mix Voluntarily Recalled (Update1) PepsiCo Inc. said it voluntarily recalled about 275,000 packages of Quaker Snack Mix Baked Cheddar in the U.S. because the product contains hydrolyzed vegetable protein.

Climate Panel Review Set After Skeptics Flag Errors (Update1) An independent review of the United Nations climate change panel will be conducted following reports of mistakes in analyzing the melting of Himalayan glaciers, Secretary-General Ban Ki-moon said.

JPMorgan Taking on Agent’s Role May Prompt New Fees (Update1) JPMorgan Chase & Co. has taken over as administrative agent for Huntsman Corp., which may produce $3,500 for the bank each time another dealer handles a trade involving the chemical company’s $1.52 billion term loan.

OnLive Game System to Start in June at $14.95 a Month (Update1) OnLive Inc., the Silicon Valley- based company creating a video-game system for the Web, said it will start U.S. service on June 17 with a $14.95-a-month subscription.

Pink Floyd, Queen May Ditch EMI as Buyout ‘Implodes’ (Update2) Pink Floyd and Queen, bands that have been with EMI Music for about four decades, may head for the door, according to two people familiar with their talks, as concern mounts about the U.K. record label’s finances.

Reyes’s Lawyers Seek Mistrial in Second Options Backdating Case Lawyers for ex-Brocade Communications Systems Inc. Chief Executive Officer Greg Reyes asked for a mistrial in his stock options backdating case, alleging that a prosecution witness gave false testimony.

Geely May Need $1.4 Billion to Revive Volvo After Ford Deal Zhejiang Geely Holding Group Co. may have to spend at least 10 billion kronor ($1.4 billion) to revive Volvo Cars after buying the Swedish brand from Ford Motor Co., Volvo union officials and board members said.

Biden Says Israel, Palestinians to Answer for Acts (Update2) Vice President Joe Biden said Israel and the Palestinians will be held accountable for actions jeopardizing peace efforts, such as Israeli approval of a plan for new homes in east Jerusalem.

Oaktree Set to Take Control of Almatis in Debt Restructuring Oaktree Capital Management LLC, a Los Angeles-based investment fund, is poised to take control of alumina products-maker Almatis under the terms of the company’s $1 billion debt restructuring.

Ravitch Proposes Fiscal Watchdog to Control New York Spending New York Lieutenant Governor Richard Ravitch proposed a new oversight board and tougher rules for spending as part of a plan to help end chronic deficits in the state’s budgets.

House Democrats Announce Ban on Funneling Earmarks to Companies House Democrats announced they are banning so-called earmarks for defense contractors, energy firms and other private companies in an election-year attempt to crack down on the much-criticized funding process.

N.Y. City Wins Right to ‘Tavern on the Green’ Name (Update1) New York City owns the right to the trade name “Tavern on the Green” for the 76-year-old restaurant in Central Park, a judge ruled.

Ex-Cazenove Partner Convicted in Insider Trading Case (Update2) A former partner at JPMorgan Chase & Co.’s Cazenove unit was convicted of insider trading by a London jury, the third such case won by the Financial Services Authority in the last year.

Bill Gates Urges More U.S. Spending on Global Health (Update1) Microsoft Corp. co-founder Bill Gates urged U.S. lawmakers to spend more on global health than the $9.7 billion President Barack Obama proposed in his fiscal 2011 budget.

Obama Joblessness Turns on 300,000 March Payrolls (Update1) The U.S. may add as many as 300,000 jobs in March, the most in four years, setting the stage for what some economists say will be sustained employment gains.

Defaults Signal Bursting Muni Junk Bubble After Surge (Update2) Investors in search of better returns poured $7.8 billion into high-yield municipal bond funds last year, pushing assets to a two-year high. They may start experiencing losses as early as this year as default risks grow.