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US to cut pay for bailed-out bossesWashington Post - - 1 hour ago
NEW YORK -- The Obama administration plans to order companies that have received exceptionally large amounts of bailout money from the government to slash compensation for their highest-paid executives by about ...
A New Challenge for 2 Ailing Banks
New York Times
U.S. Stocks Sound Retreat After Wells DowngradeWall Street Journal - 41 minutes ago
Stocks tumbled into the red in the final hour of trading after banking analyst Dick Bove cut his investment rating on Wells Fargo to "sell" from "hold.
Wells Fargo reports record profit; stock falls
San Francisco Chronicle
Wachovia savings boost Wells profits
CharlotteObserver.com
Chinese GDP 'set' to hit targetBBC News - - 31 minutes ago
Figures just published suggest the country exceeded its target for economic growth for the first time this year in the third quarter.
GM culture needs "shake-up": ex-U.S. task force chiefReuters - - 38 minutes ago
WASHINGTON (Reuters) - General Motors Co needs to overcome an entrenched corporate culture and blood new managers as it seeks to recover from its near failure, the former chief of the Obama administration's autos task force said on ...
Rattner defends rescue of automakers, says some money is gone
Washington Post
Fed Beige Book Says Economy Making 'Modest' GainsBloomberg - - 4 hours ago
Oct. 21 (Bloomberg) -- Federal Reserve district banks identified commercial real estate as the weakest part of the economy, while most saw “stabilization or modest improvements” in areas including housing and manufacturing.
Fed report says KC region economy 'expanded slightly'
Kansas City Star
Highlights from the Fed's latest economic survey
The Associated Press
Marketplace business improves; conservative forecast hurts stockMarketWatch - - 55 minutes ago
SAN FRANCISCO (MarketWatch) -- EBay Inc. reported a drop in third-quarter earnings Wednesday afternoon, though revenue for the quarter came in notably higher than Wall Street's estimates as the company's core online ...
EBay beats forecast but investors see downswing
San Francisco Chronicle
EBay 3Q net income falls, but revenue rises
The Associated Press
Obama seeks a bigger cut for small businessesHouston Chronicle - 54 minutes ago
AP President Barack Obama unveiled plans Wednesday to refocus spending of the government's $700 billion financial bailout away from Wall Street's big financial institutions and toward small businesses on Main Street.
For Community Banks, Obama Plan Poses Fresh Concerns
Wall Street Journal
Bets Yuan Will Go Higher Make Bond a BlockbusterWall Street Journal - - 41 minutes ago
HONG KONG -- The Chinese government's first yuan bond sale in Hong Kong met strong demand as investors bid for three times the amount of debt on offer amid hopes for a stronger Chinese currency.
Hong Kong lower, Shanghai higher after data
MarketWatch
Continental CEO offers prescription for airline industryHouston Chronicle - - 1 hour ago
The US airline industry needs a stable economy and a reliable regulatory environment to make it more attractive to investors, Continental Airlines CEO and Chairman Larry Kellner said Wednesday.
A Slow Summer Hurt Continental and American Airlines
New York Times
Plane Lands on TaxiwayNew York Times - - 47 minutes ago
The National Transportation Safety Board said it would investigate the landing before dawn on Monday of a Delta Air Lines flight from Rio de Janeiro to Atlanta on a taxiway at the Atlanta Hartsfield International Airport, ...
The Mother Of All Runway EXcursions
Aero-News Network
Fidelity lets clients trade foreign stocks directlyReuters - - 33 minutes ago
BOSTON, Oct 22 (Reuters) - Fidelity Investments, the world's biggest mutual fund firm, is letting clients buy and sell stocks online in 12 foreign markets at a time when investors want more international stocks to their portoflios.
Fidelity Pumps Up Foreign Trading
Wall Street Journal
Boeing to Choose Second Dreamliner Site Within WeeksBloomberg - - 7 hours ago
Oct. 21 (Bloomberg) -- Boeing Co. will choose between Everett, Washington, and Charleston, South Carolina, for a second 787 Dreamliner assembly plant in the next couple of weeks as it considers diversifying its workforce to avoid strikes ...
N. Charleston 1 of 2 finalists for Boeing
Myrtle Beach Sun News
Boeing clears the air
MarketWatch
GE Oil & Gas Awarded US$400M Contract For Gorgon DevelopmentWall Street Journal - 38 minutes ago
MELBOURNE (Dow Jones)--GE Oil & Gas said Thursday it has been awarded a US$400 million contract to deliver liquefied natural gas technology for the A$43 billion Gorgon project of the coast of Western Australia.
BofA to sell SF's First Republic BankSan Francisco Chronicle - - 38 minutes ago
Bank of America has agreed to sell First Republic Bank of San Francisco to a group of investors including First Republic's management and funds managed by Colony Capital and General Atlantic.
Reports ID Silicon Valley woman as key Galleon witnessSan Jose Business Journal - 1 hour ago
A former Atherton woman is reportedly the key witness to the government's insider trading case involving top tech and hedge fund executives.
Galleon informant identified as one-time Atherton resident
San Jose Mercury News
Galleon Sinks, Informant Surfaces
Wall Street Journal
Altria Group 3Q profit rises on cost-cuttingThe Associated Press - - 6 hours ago
RICHMOND, Va. - The Marlboro Man roped in a larger portion of the cigarette market even as smokers bought fewer of Altria Group Inc.'s cigarettes in the third quarter.
Altria profit higher but volume plummets
MarketWatch
Regulator wants non-disruptive energy trade limitsHouston Chronicle - - 1 hour ago
The US should at first use a lighter touch in imposing limits for energy traders but leave the door open to future refinements, a federal commodities regulator told a Houston audience Wednesday.
Obama appointee Gensler pushes derivatives regulation to Chicago crowd
Medill Reports: Chicago
Nikkei falls 1.2 pct as stocks hit across the boardForbes - - 38 minutes ago
about $5.5 billion for the year ending in March, while KDDI Corp slid after a brokerage downgrade. 'The stock market is taking a breather.
Korea National Oil to Buy Canada's Harvest EnergyWall Street Journal - - 1 hour ago
SEOUL—State-run Korea National Oil Corp., or KNOC, signed a contract to buy Canada-based Harvest Energy Trust for C$1.8 billion (US$1.7 billion), marking the largest acquisition of a foreign oil firm by a South Korean company.
Two defense giants post contrasting resultsLos Angeles Times - - 2 hours ago
Northrop Grumman posts a third-quarter profit of $490 million, down 4% from a year earlier. Boeing's plane troubles lead to a $1.6-billion loss.
Earnings roundup: Northrop Grumman, Eli Lilly
The Associated Press
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