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Updated 9 minutes ago

From Lehman employee to handyman

BBC News - ‎34 minutes ago‎
The collapse of Lehman Brothers - and the spread of the crisis through the banking industry - has meant many people have been forced to rethink their careers - even their lives.

US looking at selling Citi shares: report

Reuters - Dan Wilchins, Bernard Orr - ‎46 minutes ago‎
NEW YORK (Reuters) - The Treasury Department is talking to Citigroup Inc about how to sell the roughly one-third stake the government acquired as part of its bailout of the bank, news agency Bloomberg reported, citing people familiar with the matter.

Full-scale Sino-US trade war remains unlikely, but...

MarketWatch - Phani Kumar - ‎3 hours ago‎
HONG KONG (MarketWatch) -- The chances of a full-blown trade war between China and US remain low despite the recent spat between the two countries, although the risk of a further escalation in tensions will likely ...

Ssangyong Presents Plan to Cut SAIC's Stake to Court

Bloomberg - Seonjin Cha - ‎38 minutes ago‎
Sept. 15 (Bloomberg) -- Ssangyong Motor Co., the South Korean carmaker under bankruptcy protection, proposed cutting the stake of its biggest shareholder, SAIC Motor Corp.

Judge Rejects Settlement Over Merrill Bonuses

New York Times - Zachery Kouwe, Louise Story - ‎3 hours ago‎
As President Obama traveled to Wall Street on Monday and chided bankers for their recklessness, across town a federal judge issued a far sharper rebuke, not just for some of the financiers but for their regulators in Washington as well ...
Rakoff Rakes the SEC Wall Street Journal

Toys R Us to open 350 temporary shops

Los Angeles Times - Andrea Chang - ‎1 hour ago‎
The Holiday Express expansion will include 80 pop-up stores in shopping centers and 260 toy shops in existing Babies R Us stores. By Andrea Chang With Christmas just a few months away, Toys R Us Inc. is boosting its holiday lineup with hundreds of new ...

Typhoon Koppu Halts HK Markets, Heads to China

New York Times - Alison Leung, Jonathan Hopfner - ‎7 hours ago‎
By REUTERS HONG KONG (Reuters) - A typhoon swept through Hong Kong on Tuesday, closing schools, shutting down most business and injuring at least 28 people as it headed on towards China, the Hong Kong government said.

Dollar Trades Near Weakest Level This Year on Record Low Borrowing ...

Bloomberg - Yasuhiko Seki, Ron Harui - ‎1 hour ago‎
Sept. 15 (Bloomberg) -- The dollar traded near the weakest level this year against the euro as record-low borrowing costs encouraged investors to sell the greenback and buy higher- yielding assets outside the world's ...

OIL FUTURES: Crude Tad Down On High Oil Pdt Stocks

Wall Street Journal - ‎1 hour ago‎
SINGAPORE (Dow Jones)--Crude futures Tuesday edged lower as the market remains wary of a further build in US oil product supplies.

Volkswagen eyes global dominance

BBC News - ‎42 minutes ago‎
By Jorn Madslien Presiding over the biggest show in town ahead of press day at the Frankfurt motor show, Martin Winterkorn moves with cocky confidence.

Don't write off Russia from BRIC

Reuters - Dmitry Zhdannikov, Darya Korsunskaya - ‎2 hours ago‎
MOSCOW (Reuters) - Skeptics who say the BRIC idea is dead because the Russian economy has fallen much sharper than its emerging market peers will be proved wrong as Russia will show solid growth in the ...

Lilly's pain could be shared by Indianapolis

Indianapolis Star - Ted Evanoff, John Russell - ‎3 hours ago‎
Eli Lilly and Co.'s severe belt-tightening is sure to slow an Indianapolis economy that has been cushioned from the recession's full force by the drug maker's hefty payroll.

Gold, Up 30% From Lehman Demise, May Advance as Dollar Declines

Bloomberg - Kim Kyoungwha - ‎1 hour ago‎
Sept. 15 (Bloomberg) -- Gold, little changed in Asian trading, may climb as a weakness in the US dollar causes investors to preserve their wealth.

The Case Against Buying Sprint Nextel

BusinessWeek - Olga Kharif, Jack Ewing - ‎7 hours ago‎
In the past couple of years it's gotten easy to take rampant rumors of a Sprint Nextel takeover with a grain of salt. That wasn't the case on Sept.

China's Alibaba down 9.2 pct after Yahoo sells stake

Reuters - Alison Leung, Anshuman Daga - ‎1 hour ago‎
HONG KONG, Sept 15 (Reuters) - Shares in Alibaba.com (1688.HK) fell 9.2 percent on Tuesday after Yahoo! Inc sold its 1 percent direct holding in China's top e-commerce company, a week after Alibaba's chairman sold a stake in the firm.

Wells Fargo official fired over house squatting

Boston Globe - David Sarno, Peter Hong - ‎48 minutes ago‎
The Wells Fargo-owned beach house in Malibu Colony. The former owners lost money to Bernard Madoff's Ponzi scheme. (Lisa Baertlein/ Reuters) By David Sarno and Peter Hong LOS ANGELES - Wells Fargo & Co.

In Merger, Struggling Japanese Phone Makers Try to Fight Back

Forbes - Chana R. Schoenberger - ‎1 hour ago‎
NEC, Hitachi, Casio join forces, but face a dying market at home and Nokia abroad. Japanese mobile handsets are the world's coolest.

China Criticizes U.S. Focus on American Tire Jobs

Wall Street Journal - ‎4 hours ago‎
BEIJING - China's Commerce Ministry said Tuesday it is unfair for the US only to care about US jobs, in fresh remarks since the trade dispute on tires erupted between the two countries.

In Buying Mint, Intuit Looks to Revitalize

BusinessWeek - Aaron Ricadela - ‎4 hours ago‎
Last year, Intuit's legal department sent a threatening letter to Mint.com demanding that the upstart rival in personal finance software explain its breakneck pace of growth.

JAL: aims for Oct agreement on foreign investment

Reuters - Nobuhiro Kubo - ‎12 minutes ago‎
TOKYO, Sept 15 (Reuters) - Japan Airlines Corp's (9205.T) chief executive said that he wants to conclude tie-up talks with foreign carriers by mid-October.

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