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Business

Boeing Doubles Bets on Strategy for 787 Already Two Years Late

Bloomberg - Peter Robison, Susanna Ray - ‎6 minutes ago‎
Oct. 29 (Bloomberg) -- Boeing Co.'s decision to put a new assembly line for the 787 Dreamliner in South Carolina, instead of its historic Seattle hub, doubles its bets on a global supply strategy that is more than two ...

Home Buyer Credit Gets New Life

Wall Street Journal - Corey Boles, John D. Mckinnon - ‎2 hours ago‎
WASHINGTON -- Senate negotiators reached a tentative deal to extend a tax credit for first-time home buyers, but its passage remains uncertain.

Geely Named Favored Volvo Bidder, Paving Way for China Takeover

Bloomberg - ‎1 hour ago‎
By Bloomberg News Oct. 29 (Bloomberg) -- Geely Holding Group Co. was named the “preferred bidder” for Ford Motor Co.'s Volvo Car Corp.

us-China Climate Pact Isn't on Table, Envoy Says

Wall Street Journal - ‎1 hour ago‎
SHANGHAI -- US Special Envoy for Climate Change Todd Stern said he doesn't expect bilateral agreements on global climate issues when US President Barack Obama visits China next month.

PepsiCo learns a $1.26 billion lesson over misplaced letter

Reuters - Jonathan Stempel - ‎9 hours ago‎
A Wisconsin judge has ordered PepsiCo Inc to pay $1.26 billion to two men who said it stole their idea to sell purified water after a secretary mislaid a document alerting the world's No.

False Reading: Brisk GDP Growth Can't Last

Wall Street Journal - Mark Gongloff - ‎1 hour ago‎
The economy is about to post growth numbers reminiscent of the good old days, otherwise known as the "old normal." But a "new normal" of slower growth might be inevitable.

Icahn Clarifies Terms Of Tender Offer For CIT Group Notes

Wall Street Journal - ‎5 hours ago‎
SAN FRANCISCO (Dow Jones)--Billionaire investor Carl Icahn, clarified terms of a tender offer for CIT Group Inc.'s (CIT) notes, part of an effort designed to foil restructuring plans for the embattled lender that he says hurts small noteholders.

3rd Rescue Considered for GMAC

New York Times - Eric Dash, Bill Vlasic - ‎4 hours ago‎
It might seem like a lot of cash for one supersize clunker, a good-money-after-bad attempt to jump-start a broken-down giant of Detroit.

Yen climb steepens as profits booked on risk trades

Reuters - Charlotte Cooper - ‎1 hour ago‎
TOKYO (Reuters) - The yen rose across the board on Thursday, extending steep gains particularly on the Australian and New Zealand dollars as investors took profits on a host of growth-linked trades that had been in vogue in recent ...

US Airways to Cut 1000 Jobs, Focus On Hub Cities

Wall Street Journal - ‎10 hours ago‎
US Airways Group Inc. (LCC) will trim 1000 jobs, or about 3.1% of its total work force and cut flights, focusing on hub cities where it stands to make a profit.

JAL turnaround plan may include loans, pension cuts

MarketWatch - ‎4 hours ago‎
By MarketWatch TOKYO (MarketWatch) -- The Japanese government is considering adopting comprehensive legislation that would encompass state-backed loans and mandated cuts in pension benefits for struggling national carrier Japan Airlines Corp.

Why the Goldman Sachs-AIG Story Won't Go Away: Jonathan Weil

Bloomberg - Jonathan Weil - ‎1 hour ago‎
Oct. 29 (Bloomberg) -- How did so much taxpayer money end up in the coffers of American International Group Inc.'s too- big-to-fail customers?

HK, Shanghai shares fall tracking weak overseas markets

Reuters - Claire Zhang, Jonathan Hopfner - ‎23 minutes ago‎
HONG KONG/SHANGHAI, Oct 29 (Reuters) - Shares in Hong Kong and China eased on Thursday, as weak overseas markets spurred move profit taking, while Nine Dragons' plan to sell new shares further dampened investor sentiment ...

Nippon Steel swings loss, though hit is below forecast

MarketWatch - Kazuhiro Shimamura - ‎20 minutes ago‎
TOKYO (MarketWatch) -- Nippon Steel Corp. (5401.TO) said Thursday it booked a net loss of Y29.59 in the July-September quarter due largely to higher input costs, but the loss was smaller than its prior projection as the recovering ...

Judge delays decision on bail for Madoff aide DiPascali

USA Today - Kevin McCoy - ‎2 hours ago‎
NEW YORK - Ponzi scheme architect Bernard Madoff's former top financial aide will remain behind bars at least until prosecutors and defense lawyers provide more details about the information he's giving investigators, ...

New Federal Power Urged Over Municipal Bond Sales

New York Times - Mary Williams Walsh - ‎3 hours ago‎
A member of the Securities and Exchange Commission called on Wednesday for legislative changes to put municipal bond markets on a more even footing with the stock and corporate bond markets.

Bone device co. accused of illegal marketing

Boston Herald - Greg Turner - ‎1 hour ago‎
Stryker Biotech was charged with improperly marketing bone-mending surgical devices, an alleged scheme that misled federal regulators and forced some patients to go under the knife again to remove “unwanted bone growth.

SIPC Sets Payouts In Madoff Scandal

Wall Street Journal - Jane J. Kim - ‎5 hours ago‎
The Securities Investor Protection Corp. said the amount it has committed to advance to Madoff victims has topped half a billion dollars, exceeding the total of all previous payouts since SIPC's inception in 1970.

Yahoo Returns To Make Its Case To Wall Street

Wall Street Journal - John Letzing - ‎3 hours ago‎
Yahoo Inc. held its first official event with Wall Street analysts in over three years on Wednesday, and sought to reinforce the notion that it's on its way to a recovery.

Overheard: Less Stimulating

Wall Street Journal - ‎1 hour ago‎
The success of "cash for clunkers" proved how eagerly Americans will snap up a good deal. Goodyear Tire & Rubber's early take on the remaining months of the year suggests bargain hunters can disappear just as quickly.

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