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Stocks rally on earnings hopesCNNMoney.com - 7 hours ago
Wall Street welcomes Alcoa's better-than-expected results and a government report showing that the number of people filing for first-time unemployment declined.
Video: Oct. 8: Stocks Climb on Retail Sales, Alcoa
The Associated Press
US Stocks Remain Higher On Alcoa, Retailers' September Reports
Wall Street Journal
Fed Said to Consider Clearing Banks, Facility to Drain ReservesBloomberg - - 1 hour ago
By Liz Capo mccormick and Craig Torres Oct. 9 (Bloomberg) -- The Federal Reserve is considering accessing money market funds through clearing banks or creating a facility to drain the record amount of cash added to the financial system, according to ...
The Fed's $2.2 trillion fire hose
CNNMoney.com
Rift Emerges in Fed Over When to Tighten Money
New York Times
Wynn Macau Rises As Much As 13% On HK DebutWall Street Journal - - 45 minutes ago
HONG KONG (Dow Jones)--Casino operator Wynn Macau, Ltd. (1128.HK) rose as much as 13% on its debut on the Hong Kong stock exchange Friday, buoyed by optimism about growth in Macau's gambling revenue and bullish sentiment on ...
US anti-foreclosure programs not enough: watchdogReuters - - 1 hour ago
WASHINGTON (Reuters) - Government programs to fight the US home foreclosure crisis look increasingly inadequate and should be reworked, expanded and supplemented with new ideas, a congressional watchdog said in a report on Friday.
Bank of Korea Keeps Rate at 2%, Signals It's on HoldBloomberg - - 21 minutes ago
Oct. 9 (Bloomberg) -- South Korea's central bank kept its benchmark interest rate unchanged at a record low and signaled it may keep borrowing costs on hold as home loans slow and it gauges the strength of the economic recovery.
Infosys Profit Gains 7.7%, Beats Estimates on OrdersBloomberg - 57 minutes ago
By Harichandan Arakali Oct. 9 (Bloomberg) -- Infosys Technologies Ltd., India's second-largest software exporter, reported second-quarter profit rose 7.7 percent, beating analysts' estimates, after winning more business from its customers.
Infosys reports 7.5% profit rise, lifts outlook
MarketWatch
Citi management gets satisfactory marks in reviewReuters - - 19 hours ago
BOSTON/NEW YORK (Reuters) - A review of Citigroup Inc's management team, demanded by US regulators in the aftermath of the financial crisis, gave it satisfactory marks, according to a person familiar with the matter.
Citi Review Said to Give Most Bosses Good Marks
New York Times
Citi Management Gets Generally Good Review
Wall Street Journal
Monsanto Questioned by Justice Department on Rival's ComplaintBloomberg - - 50 minutes ago
Oct. 9 (Bloomberg) -- Monsanto Co., the world's largest seed producer, said it received questions from the US Justice Department about anti-competition complaints that rival DuPont Co.
Monsanto Says Justice Raises Antitrust Questions
Wall Street Journal
More air travel misery on the wayCNNMoney.com - - 15 hours ago
As the economy picks up, so will air travel. That could mean more delayed flights, according to a new report by the Brookings Institution.
Video: Report: Expect More Flight Delays
The Associated Press
Brookings researchers warn of more flight delays
The Associated Press
Barnes & Noble's Sales Down In Aug-Sep; New View GivenWall Street Journal - 18 hours ago
Barnes & Noble Inc. (BKS) said same-store sales fell 4.3% in August and September while online sales clumped 8%. The quarter-to-date figure for same-store sales is below the 1% to 3% drop the largest bookstore chain in the US has projected for the full ...
Barnes & Noble expects loss in 2Q
BusinessWeek
US Govt Proposes Delay On Controversial Utah LeasesWall Street Journal - - 7 hours ago
WASHINGTON (Dow Jones)--The Obama administration Thursday proposed putting on hold or blocking about three quarters of the 77 controversial leases awarded last year to drill for oil or gas in wilderness areas of Utah, and signaled ...
US Blocks Oil Drilling at 60 Sites in Utah
New York Times
Salazar OKs some drilling on disputed Utah lands
The Associated Press
TREASURIES-Fall in Asia on demand worry after weak 30-yr tenderReuters - - 39 minutes ago
TOKYO, Oct 9 (Reuters) - US Treasuries fell in Asia on Friday after a weak auction of 30-year bonds the previous day sparked concern that demand for government debt is decreasing.
Treasury Prices Tripped Up By Lukewarm 30-Yr Auction
Wall Street Journal
GM Expected to Seal Hummer SaleWall Street Journal - - 1 hour ago
BEIJING - General Motors Co. is expected to seal a deal as early as Friday to sell its Hummer unit to China's Tengzhong Heavy Industrial Machinery Co.
Video: Hummer Deal Seen As Boon for Chinese Auto Ind.
The Associated Press
Asian stocks rise but Japanese data tempers gainsThe Associated Press - - 1 hour ago
BEIJING - Most Asian stocks markets rose Friday but gains were tempered after Japanese machinery orders were weaker than expected, fueling concern about company spending despite improving global demand.
US Mortgage Giant May Need Bailout, Experts SayNew York Times - - 3 hours ago
Bernadine Shimon and her son Cooper Jonas, at their new home in Northglenn, Colo., obtained after the FHA insured her mortgage. By DAVID STREITFELD and LOUISE STORY A year after Fannie Mae and Freddie Mac teetered, industry executives and Washington ...
Mortgage Rates Fall Again
Wall Street Journal
15 yr fixed mtg
CNNMoney.com
RPT-UPDATE 1-Labor group asks pay czar to stop BofA CEO pensionReuters - - 39 minutes ago
WASHINGTON/ NEW YORK, Oct 8 (Reuters) - A top US labor group on Thursday asked the Obama administration's "pay czar" to stop any retirement payments to Bank of America (BAC.
Merrill Lynch Adds Revenue, Saps Shareholders At bofa >BAC
Wall Street Journal
California raises yield, cuts amount to draw bond buyersMarketWatch - - 1 hour ago
By Laura Mandaro & Deborah Levine, MarketWatch SAN FRANCISCO (MarketWatch) -- California on Thursday raised the yields and slashed the size of a multi-billion dollar debt sale after investors responded more coolly to the debt offering than expected.
California municipal bond sale falls short of fundraising goal
Los Angeles Times
IBM Faces Antitrust Probe: Why Mainframes?BusinessWeek - - 2 hours ago
Mainframes may seem an odd subject for a Justice Dept. antitrust probe, but these seemingly outdated machines could play a key role in cloud computing By Rachael King On its face, news of the Justice Dept.
Tech industry braces for more antitrust scrutiny
The Associated Press
IBM Faces Justice Antitrust Inquiry
Wall Street Journal
Gold Pares Biggest Weekly Gain Since April as Rally Spurs SalesBloomberg - - 36 minutes ago
Oct. 9 (Bloomberg) -- Gold dropped for the first time this week, paring its biggest weekly advance since April, after a climb to a record prompted some investors to sell the metal to lock in gains.
PRECIOUS METALS: Comex Gold Extends Record High Again
Wall Street Journal
Senate sends agriculture spending bill to ObamaThe Associated Press - - 7 hours ago
WASHINGTON - Dairy farmers suffering from low milk prices would benefit from $350 million in emergency funding approved by the Senate on Thursday as it cleared a $121 billion agriculture spending bill for President Barack Obama's signature.
Got Money?
Washington Post
'A terrible year' for Minnesota's dairy
Minneapolis Star Tribune
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