Gov't sets deadline for banks' plan
WASHINGTON (AP) " The nation's biggest banks that are found to need more capital after government stress tests will have one month to come up with a plan to raise the additional resources, federal regulators said Wednesday.
The government said that after the results of the stress tests are released Thursday, the banks found to need more capital will have until June 8 to get a plan approved by their regulators.
The government also set conditions for how the nation's 19 largest banks will be allowed to exit from the $700 billion bailout program. To qualify, a bank will have to demonstrate that it can borrow money without the support of an emergency program established by the Federal Deposit Insurance Corp. last fall.
Amazon seeks more paths for sales with new Kindle
NEW YORK (AP) " Amazon.com Inc. hopes a bigger version of its Kindle electronic reading device can be a hit, even if it's more expensive, and the company is aiming it in part at college students who are eager to save money on their textbooks.
The Kindle has jazzed many users and techno-
philes, but electronic readers from Amazon and rivals such as Sony Corp. are still in an early stage.
Now, by offering the larger, $489 version of the Kindle DX and the smaller $359 Kindle 2, Amazon will try to open more avenues for digital versions of books, newspapers and magazines.