Business News - The Last 24 Hours

GM to return two leased jets amid criticism
Reuters - 22 min 22 sec ago
DETROIT (Reuters) - General Motors Corp will return two of its leased corporate jets amid intense criticism in Washington this week on the luxury travel arrangements of its chief executive even as the company pleads for federal aid.

AP - GM to extend holiday shutdown, may cut production - 1 hour 35 min ago

Financial Times - GM to suspend Thai production - 16 hours 51 min ago

IHT - GM and Toyota to cut jobs at their plants in Thailand - 22 hours 26 min ago

Reuters - GM shares rebound on news of bailout deal - 22 hours 53 min ago

Reuters - GM shares hit 70-year low as quick bailout hopes dim - 23 hours 57 min ago

COMMENTARY:

Seeking Alpha - GM: Buyout Better than Bailout - 2 hours 11 min ago

Michael Covel - GM Spends $17 Million Per Year on Viagra - 21 hours 24 min ago

Seeking Alpha - SolarWorld Makes €1B Bid for GM's Opel Unit; GM Declines - 22 hours 41 min ago

Wal-Mart Names Duke Its New CEO
Wall Street Journal - 25 min 31 sec ago
Wal-Mart Stores named its international chief, Mike Duke, to succeed Lee Scott as president and CEO effective Feb. 1.

IHT - Wal-Mart replaces CEO with overseas chief - 1 hour 13 min ago

Reuters - Wal-Mart's Scott retiring as CEO, Duke to succeed - 1 hour 14 min ago

AP - Wal-Mart names Duke to succeed Scott as CEO - 1 hour 36 min ago

Financial Times - Duke to replace Scott as Wal-Mart chief - 1 hour 40 min ago

New York Times - Wal-Mart Names Its Next Chief Executive - 1 hour 59 min ago

COMMENTARY:

MarketWatch - MarketWatch First Take: Wal-Mart's international chief will shape future - 56 min 50 sec ago

BloggingStocks - Wal-Mart replaces H. Lee Scott as chief executive -- why now? - 2 hours 54 min ago

Seeking Alpha - Duke Energy To Provide the Wind Beneath Wal-Mart's Wings - 10 hours 41 min ago

BloggingStocks - Apple iPhone may be coming to Wal-Mart in just over a month - 23 hours 59 min ago

Stocks Waver After Selloff
Wall Street Journal - 33 min 34 sec ago
Stocks seesawed as investors tweaked their portfolios but remained nervous about severe weakness in the economy and on Wall Street balance sheets.

AP - Stocks show moderate decline after sell-off - 33 min 56 sec ago

Reuters India - U.S. STOCKS - Bargain search lifts market, but Citi wilts - 1 hour 11 min ago

New York Times - Stocks Drop Sharply and Credit Markets Seize Up - 6 hours 25 min ago

Reuters - Global stocks rebound on rate cut hopes - 7 hours 58 min ago

Reuters India - GLOBAL MARKETS - Asia stocks bounce back from 5-year low - 10 hours 1 min ago

Business Day - Asian stocks recover on bargain-hunting - 13 hours 11 min ago

IHT - U.S. stocks drop sharply and credit markets seize up - 14 hours 8 min ago

Reuters India - STOCKS NEWS ASIA - Shares to wilt as Wall St plunges - 17 hours 35 sec ago

Business Day - Stocks to watch - 20 hours 23 min ago

Business Day - US stocks hammered - 22 hours 5 min ago

Business Day - US stocks advance - 22 hours 5 min ago

COMMENTARY:

Market Movers - When Stocks Go to Zero - 2 hours 6 min ago

BloggingStocks - Stocks in the news: C, DELL, CRM, GPS, GM, F, FNM, WMT - 3 hours 55 min ago

BloggingStocks - Before the bell: Stocks aim for higher open as Citi may be selling itself - 4 hours 38 min ago

Seeking Alpha - Investing in Stocks: Emotional vs. Financial Costs - 6 hours 11 min ago

Seeking Alpha - John McIlveen: Running After Geothermal Stocks - 8 hours 11 min ago

BloggingStocks - Closing Bell: Stocks continue to plummet; AMGN, GE, MSFT, PEP, STP all down - 19 hours 51 min ago

Investorazzi - How Jeremy Grantham Decided Stocks Are A Good Buy - 20 hours 12 min ago

BloggingStocks - 'Sleep well' stocks: A global dividend trio - 22 hours 11 min ago

Industry Standard - Roundup: Job report hurts stocks, BlackBerry reviews surface and more - 22 hours 18 min ago

WSJ MarketBeat - Stocks Rebound; Dow Flat in Recent Trading - 23 hours 40 min ago

Citigroup shares drop as CEO plans to keep Smith Barney
Reuters - 43 min 26 sec ago
NEW YORK (Reuters) - Citigroup Inc shares tumbled for a fifth straight day, as Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence.

AP - Citigroup stock slides below $4 a share - 59 min 19 sec ago

BBC - Citigroup plunges on uncertainty - 1 hour 33 min ago

Reuters India - Citigroup shares slide as bank mulls merger, asset sales - 1 hour 42 min ago

Financial Times - Citigroup directors weigh options as crisis deepens - 1 hour 53 min ago

Reuters India - Recovery from crisis seen slow, Citigroup slides - 9 hours 38 min ago

New York Times - Citigroup Tries to Stop the Drop in Its Share Price - 10 hours 9 min ago

Reuters India - Citigroup slides; eyes options including merger - 13 hours 53 min ago

IHT - Saudi prince to invest more in an ailing Citigroup - 14 hours 21 min ago

Reuters - Citigroup shares slide despite Alwaleed move - 17 hours 43 min ago

Reuters India - Citigroup shares tumble despite Alwaleed move - 17 hours 52 min ago

Business Day - Saudi prince ups stake in Citigroup - 21 hours 24 min ago

IHT - Retreat from Asia unlikely for embattled Citigroup - 22 hours 27 min ago

Reuters India - Citigroup shares tumble further despite Alwaleed move - 23 hours 19 min ago

COMMENTARY:

WSJ MarketBeat - Citigroup’s Confidence Collapse - 28 min 50 sec ago

DealBook - Selloff Continues in Citigroup Stock - 53 min 9 sec ago

Peridot Capitalist - Citigroup Management Looks Overmatched - 4 hours 51 sec ago

DealBook - Is a Sale on Citigroup’s Mind? - 5 hours 2 min ago

BloggingStocks - Citigroup may look to Barclays as reason for potential sale - 8 hours 19 min ago

Calculated Risk - Citigroup to Hold Unscheduled Board Meeting Friday - 15 hours 42 min ago

Mike Shedlock - Citigroup Blames Short Sellers For Collapse - 18 hours 48 min ago

DealBook - Citigroup Reported to Seek New Ban on Short Sales - 18 hours 59 min ago

Deal Journal - Citigroup: If You Can’t Save the Stock, Blame the Shorts - 19 hours 2 min ago

Wall St. falls as economic woes, Citi weigh
Reuters - 49 min 52 sec ago
NEW YORK (Reuters) - U.S. stocks fell into negative territory on Friday as shares of financials including Citigroup declined and investors worried about the deepening economic slump.

IHT - Economy hits European flag carriers in premium tickets - 1 hour 13 min ago

Reuters - Pressure grows on Obama as world economy deteriorates - 1 hour 29 min ago

New York Times - Volcker Gives Baseball an Update on the Economy - 1 hour 37 min ago

Reuters India - No relief seen in global economic crisis - 17 hours 47 min ago

Business Day - Germany pressured to fire up economy - 19 hours 48 min ago

Business Day - UK economy falters before budget report - 21 hours 16 min ago

COMMENTARY:

Seeking Alpha - The Downfall of Keynesian Economics and the U.S. (Part 3 of 3) - 11 min 15 sec ago

Kiplinger - Obama's Tall Order: Fixing the Economy - 1 hour 11 min ago

Seeking Alpha - Did Economists Miss the Housing Problem? - 3 hours 11 min ago

Seeking Alpha - Costco: Economic Climate Fueling More Bargain Shoppers - 5 hours 11 min ago

The Big Picture - Economic woes torpedo stock markets - 5 hours 41 min ago

Seeking Alpha - U. of Wisconsin Dean's Perspective on the Economy - 10 hours 41 min ago

Briefing - Economic View: Global Weakness Will Hurt U.S. Economy - 19 hours 11 min ago

BloggingStocks - Look for more of the same, as leading economic indicators remain lame - 20 hours 42 min ago

BloggingStocks - Price discounts: Good for consumers; scaring economists - 23 hours 29 min ago

Obama not eyeing prepackaged carmaker bankruptcies
Reuters - 56 min 24 sec ago
CHICAGO (Reuters) - President-elect Barack Obama's transition team is not exploring a prepackaged bankruptcy plan for U.S. automakers, officials from Obama's team said on Friday.

COMMENTARY:

Curious Capitalist - New column: Don't call it bankruptcy - 1 hour 1 min ago

The Big Picture - Prepackaged Bankruptcy for Automakers - 3 hours 13 min ago

DealBook - Bankrupt Lehman Picks New Chief to Replace Fuld - 16 hours 45 min ago

Profit and Sales Rise in Quarter for Heinz
New York Times - 1 hour 31 sec ago
The food products company said that strong sales of products like frozen meals bolstered second-quarter profit by 22 percent as consumers cooked more meals at home.

AP - Heinz 2nd-quarter profit jumps 22 percent - 1 hour 37 min ago

Wall Street Journal - Europe, Asia Weigh on Heinz Results - 2 hours 55 min ago

Reuters - Heinz profit rises, helped by hedges - 4 hours 42 min ago

COMMENTARY:

BloggingStocks - Earnings preview: Is Heinz a 'safe' stock? - 21 hours 40 min ago

Gold jumps to 1-month high as dollar falls, oil gains
Reuters India - 1 hour 6 min ago
LONDON (Reuters) - Gold jumped almost 6 percent to its highest in a month on Friday, buoyed by a weakening dollar and rising oil prices while other precious metals rallied, tracking bullion's gains.

IHT - Oil dips below $50 a barrel - 1 hour 13 min ago

Reuters India - Oil rallies from 3-1/2 year lows, tracks shares - 1 hour 51 min ago

Reuters - Oil rallies from 3-1/2 year lows - 1 hour 53 min ago

AP - Oil rises from 3-year low as stocks recover - 2 hours 20 min ago

BBC - Russian oil giant circles Repsol - 5 hours 33 min ago

BBC - Oil price up as Asian stocks rise - 8 hours 11 min ago

New York Times - Oil Closes Below $50, Lowest Price Since May 2005 - 11 hours 55 min ago

Xinhua - Crude oil settles below 50 dollars - 19 hours 12 min ago

Reuters - Oil drops 7 percent to 3-1/2-year low below $50 - 20 hours 15 min ago

Business Day - Oil prices tumble under $US50 a barrel - 20 hours 24 min ago

Reuters India - Wall St adds to losses as oil drops below $50 - 20 hours 56 min ago

Reuters India - GLOBAL MARKETS - Stocks slump, oil falls under $50, debt rallies - 21 hours 1 min ago

Reuters India - Oil drops 8 pct to 3-1/2 yr low below $50 - 21 hours 14 min ago

Reuters India - GLOBAL MARKETS - Stocks dive, oil falls under $50, debt rallies - 23 hours 54 min ago

COMMENTARY:

WSJ MarketBeat - Oil’s Future, and Oil Futures - 1 hour 11 min ago

Daily Stox - Crude oil moves into negative territory; currently down 35 cents to $49.07 - 1 hour 13 min ago

BloggingStocks - Time to buy oil stocks, how much do you need for retirement now?, medicare fraud risk grows - Today in Money 11/21 - 3 hours 14 min ago

The Big Picture - US Oil Consumption by Region - 5 hours 7 min ago

The Big Picture - Crude Oil = $49 - 5 hours 38 min ago

Seeking Alpha - Oil Sector Flush with Cash, Expect M&A - Canaccord Analyst - 7 hours 11 min ago

Seeking Alpha - Canadian Oil Sands Barely Affected by Syncrude-Alberta Agreement - 8 hours 11 min ago

Seeking Alpha - Mexico's Hedge Signals Bottom of Oil Price Drop - 10 hours 11 min ago

Seeking Alpha - New York Times, Citigroup, Goldman and Oil - 10 hours 41 min ago

Seeking Alpha - Blood from a Stone and Oil from Shale - 14 hours 41 min ago

European Central Bank signals likely rate cut
IHT - 1 hour 13 min ago
Policymakers cemented on Friday expectations that they will cut interest rates once more next month, possibly by half a percentage point again and well short of the action taken by other banks.

AP - Japan's central bank keeps interest rates on hold - 11 hours 21 min ago

Xinhua - Japan's central bank keeps key interest rate unchanged - 12 hours 58 min ago

IHT - Swiss central bank surprises with full-percentage point interest rate cut - 19 hours 16 min ago

Wall Street struggles to find direction
IHT - 1 hour 13 min ago
The major exchanges rose sharply in early trading, but was unable to hold onto the gains as the morning progressed.

AP - European markets steady ahead of Wall Street open - 3 hours 53 min ago

BBC - Recession fears hit Wall Street - 18 hours 46 min ago

Business Day - Wall Street weaker in afternoon trade - 21 hours 27 min ago

IHT - On Wall Street, the slide continues - 22 hours 25 min ago

COMMENTARY:

MarketWatch - Jon Friedman's Media Web: 'Barbarians at the Gate' authors reflect on Wall Street's madness - 12 hours 10 min ago

DealBook - Battered Wall Street Lost 16,000 Jobs in October - 16 hours 2 min ago

Industry Standard - Wall Street Beat: Tech shares sink to 6-year lows - 18 hours 25 min ago

As deflation looms, a global remedy remains unclear
IHT - 1 hour 13 min ago
The global economy is so connected, and our experience with similar situations so limited, that any policy response has to be the right mix and it has to be reasonably well coordinated internationally.

Business Day - Little chance of deflation: academic - 9 hours 49 min ago

COMMENTARY:

Seeking Alpha - Some Random Thoughts on Deflation - 11 min 15 sec ago

$25 billion French fund to shield companies from takeovers
IHT - 1 hour 13 min ago
President Nicolas Sarkozy vowed to protect French industry from foreign predators and an economic slump with the investment fund.

Fannie, Freddie Halt Foreclosures
Wall Street Journal - 2 hours 34 min ago
Fannie and Freddie suspend foreclosure sales and evictions on certain properties until January as it prepares for its loan-modification program. (Statements)

Reuters - Fannie Mae, Freddie Mac suspend some foreclosures - 17 hours 38 min ago

AP - Fannie Mae, Freddie Mac halting foreclosures - 17 hours 47 min ago

COMMENTARY:

Seattle PI - Fannie, Freddie shelve some foreclosures - 11 hours 51 min ago

Calculated Risk - Fannie and Freddie to Suspend Foreclosures - 19 hours 28 min ago

Darling 'to force banks to lend'
BBC - 3 hours 2 min ago
Chancellor Alistair Darling is reportedly planning to force banks to lend to small firms in the pre-Budget report.

Business Day - As world economy frays, local banks look vulnerable - 4 hours 11 min ago

BBC - Banks 'must kick-start lending' - 6 hours 48 min ago

Reuters India - BSE Sensex bounces 4 pct; banks, techs rise - 9 hours 35 min ago

Wall Street Journal - Dow Drops 5.6%; Banks Tumble - 18 hours 53 min ago

IHT - Billionaire family pressed after short-selling VW shares wins reprieve from banks - 19 hours 58 min ago

Financial Times - Basel outlines stricter limits for banks' capital - 21 hours 51 min ago

IHT - Japanese banks cut back on lending - 22 hours 29 min ago

COMMENTARY:

Seeking Alpha - Banks Are Yet Again Under Pressure - 11 min 15 sec ago

Seeking Alpha - TD Bank Remains Safest Bet Among Candian Banks - Dundee Analyst - 9 hours 11 min ago

U.S. retailers, credit card lenders at odds in crunch
Reuters India - 3 hours 6 min ago
SAN FRANCISCO (Reuters) - The need by U.S. retailers' to sell in hard times has put them at odds with the lenders backing their credit cards. While stores aggressively promote use of their cards, lenders are increasingly wary of consumer defaults.

COMMENTARY:

Seeking Alpha - Fitch Says Holiday Retail Sales Could be Weakest in 20 years - 13 hours 41 min ago

Seeking Alpha - Casual Male Retail Group Inc. Q3 2008 Earnings Call Transcript - 16 hours 41 min ago

BloggingStocks - Only strong retailers will survive - 18 hours 51 min ago

Bush to promote action plan to deal with crisis
AP - 3 hours 41 min ago
LIMA, Peru (AP) -- President George W. Bush, struggling to get ahead of a global financial crisis, hopes to win more converts at a summit here for an action plan aimed at showing governments have the will and the means to halt the turmoil....

Reuters - BoA CEO blames regulators and GSE flaws for crisis - 22 hours 36 min ago

COMMENTARY:

Morningstar - Our Take on the Financial Crisis - 2 hours 11 min ago

DealBook - BofA Chief Blames Regulators and GSE Flaws for Crisis - 5 hours 38 min ago

Fed's Lacker - reasonable to expect rebound in 2009
Reuters India - 3 hours 48 min ago
BETHESDA (Reuters) - Richmond Federal Reserve President Jeffrey Lacker said it was reasonable to expect the U.S. economy to reverse its downward track some time in 2009, and warned of inflation risks in any rebound.

Reuters - Fed and Bank of Japan officials flag deflation risks - 6 hours 9 min ago

Reuters - Fed's Bullard: U.S. deflation an issue Fed must face - 9 hours 25 min ago

Reuters - Fed's Bullard: U.S. spending slump to sap 2009 growth - 14 hours 29 min ago

COMMENTARY:

BloggingStocks - Fed October mintues signal more rates cuts, deflationary fears - 22 hours 30 min ago

BloggingStocks - Can the Fed fight deflation? How? - 23 hours 44 min ago

Bush signs bill providing extra jobless benefits
AP - 4 hours 9 min ago
WASHINGTON (AP) -- The White House says President Bush signed into law a bill that Congress approved to keep unemployment checks flowing to jobless Americans through the holiday season....

AP - Congress sends jobless benefit extension to Bush - 7 hours 40 min ago

New York Times - New Jobless Claims Reach a 16-Year High, U.S. Says - 11 hours 22 min ago

Wall Street Journal - Jobless Claims Surge - 18 hours 3 min ago

Business Day - US jobless claims hit '16-year high' - 21 hours 22 min ago

Business Day - US jobless rolls lengthen, factories cut back - 21 hours 31 min ago

AP - Jobless claims jump unexpectedly to 16-year high - 23 hours 2 min ago

COMMENTARY:

Seattle PI - Congress OKs bill to extend jobless benefits - 11 hours 46 min ago

Seeking Alpha - Chart of Initial Jobless Claims - 20 hours 41 min ago

U.S. automakers must change course to get bailout
Reuters India - 4 hours 19 min ago
WASHINGTON (Reuters) - U.S. auto executives pitched doom to Congress to win a bailout and left town empty handed. Now they will have to make a U-turn and convince lawmakers their industry has a prosperous future.

New York Times - $2.5 Billion Is Added to Bailout for Iceland - 11 hours 32 min ago

AP - UAW head says inaction on bailout 'not an option' - 21 hours 46 min ago

Reuters - GM, Ford shares soar on bailout optimism - 23 hours 18 min ago

COMMENTARY:

The Big Picture - Big Three Bailout? - 16 hours 56 min ago

Deal Journal - Bailout Arbitrage: The Sale of National City - 18 hours 13 min ago

DealBook - Top Democrats Tell Automakers to Justify Bailout - 20 hours 6 min ago

MarketWatch - MarketWatch First Take: Lame ducks lurch toward a bailout for Detroit - 20 hours 14 min ago

BloggingStocks - Auto bailout hinges on restructuring plan - 21 hours 3 min ago

Seeking Alpha - Nardelli Pleads for Chrysler, but Would a Bailout Help? - 22 hours 41 min ago

DealBook - G.M. and Ford Jump on Talk of Auto Bailout Deal - 22 hours 51 min ago

Calculated Risk - Report: Senate Reaches Deal on Automaker Bailout - 23 hours 30 min ago

Honda to cut global output amid slowing demand
AP - 5 hours 1 min ago
TOKYO (AP) -- Honda Motor Corp. said Friday it will cut production in Japan and Europe by 61,000 vehicles, as it continues to grapple with slowing global demand....

BBC - Honda Swindon closing for 50 days - 5 hours 10 min ago

Reuters - Honda to cut more production - 7 hours 15 min ago

Reuters India - Honda cuts more production, Nissan ratings lowered - 7 hours 17 min ago

JPMorgan to cut 10 pct of investment bank staff
AP - 5 hours 6 min ago
NEW YORK (AP) -- JPMorgan Chase & Co. is shedding about 10 percent of its investment bank staff in an effort to better weather the global economic slowdown....

New York Times - Breakingviews.com: JPMorgan Leads in Deal Rankings - 11 hours 48 min ago

Reuters India - JPMorgan cuts investment banking jobs - sources - 13 hours 19 min ago

Reuters - Citi, JPMorgan, Capital One bid for Chevy Chase: sources - 23 hours 22 min ago

COMMENTARY:

BloggingStocks - Options Update: Citi, JPMorgan, Wells Fargo volatility spikes; C, JPM, WFC - 3 hours 5 min ago

DealBook - JPMorgan Leads in Deal Rankings - 5 hours 22 min ago

DealBook - JPMorgan Poised to Cut Investment Banking Staff - 20 hours 26 min ago

Textile cos may cut 500,000 more jobs - secy
Reuters India - 5 hours 17 min ago
NEW DELHI (Reuters) - The textile sector could shed 500,000 jobs in the next five months, Trade Secretary G.K. Pillai said on Friday, quoting textile ministry estimates.

Reuters India - Associated Press to cut 10 pct jobs in '09 - sources - 14 hours 4 min ago

Reuters - Bank of NY Mellon to cut 1,800 jobs - 17 hours 8 min ago

IHT - AstraZeneca to cut 1,400 jobs and close plants - 19 hours 16 min ago

COMMENTARY:

BloggingStocks - Banking industry may lose 350,000 jobs - 1 hour 18 min ago

Singapore officially in recession
BBC - 9 hours 36 min ago
Singapore downgrades its growth figure, which confirms it was Asia's first country in recession in the current crisis.

Business Day - Asian stocks fall again as recession deepens - 13 hours 11 min ago

Reuters India - Singapore in recession, economy may shrink in 2009 - 13 hours 16 min ago

Business Day - World stocks dive on recession fears - 21 hours 27 min ago

COMMENTARY:

Seeking Alpha - Two Compelling Small Caps for This Recession - 1 hour 11 min ago

Seeking Alpha - Smartphone Makers May Actually Strengthen Through the Recession - 8 hours 11 min ago

Seeking Alpha - How Will Cummins Do in a Recession? - 9 hours 11 min ago

Calculated Risk - Singapore in Recession - 10 hours 14 min ago

BloggingStocks - ETF Investing: We Get Sick In Recessions! XPH and IHI Healthcare Stocks - 18 hours 31 min ago

BloggingStocks - Crude oil falls below $50 on U.S., global recession concerns - 22 hours 53 min ago

Seeking Alpha - A Euro-Yen Recession Trade - 23 hours 41 min ago

Dell sees China sales down
Reuters - 10 hours 54 min ago
BEIJING (Reuters) - Dell Inc's sales in China slowed last quarter, but Beijing's economic stimulus measures are likely to boost technology spending, the world's No. 2 personal computer maker said on Friday.

AP - Dell 3Q profit falls as PC spending slows - 11 hours 22 min ago

New York Times - Cost Cutting Helps Dell Profit Exceed Forecasts - 11 hours 38 min ago

Wall Street Journal - Dell's Growth Stalls Amid Pull Back - 12 hours 3 min ago

IHT - Dell earnings beat expectations - 13 hours 58 min ago

Financial Times - Dell reports reversal of fortunes - 16 hours 5 min ago

BBC - Dell sees quarterly profits slip - 16 hours 54 min ago

Reuters India - S&P dives to lowest level since 1997, Dell jumps late - 18 hours 3 min ago

Reuters - Dell profit tops Street view, shares rise - 18 hours 59 min ago

COMMENTARY:

Seeking Alpha - Dell: Costs Drop, But So Does Demand - 11 min 15 sec ago

BloggingStocks - Dell beats in Q3 but I'm bearish on the stock - 3 hours 23 min ago

Seeking Alpha - Dell Inc. F3Q 2009 (Qtr End 10/31/08) Earnings Call Transcript - 10 hours 11 min ago

Industry Standard - Asia shines for Dell despite economic downturn - 10 hours 47 min ago

Seattle PI - Earnings: Dell's profit falls as PC spending slows - 12 hours 31 min ago

Industry Standard - IT slowdown hits Dell's revenue, net profit - 16 hours 42 min ago

The Register - Dell profits take (small) hit in Q3 - 17 hours 30 min ago

MarketWatch - MarketWatch First Take: Dell cannot slash its way into sales growth - 18 hours 27 min ago

Seeking Alpha - Earnings Preview: Dell - 19 hours 41 min ago

For European Airlines, Decline in Premium Ticket Sales Takes a Toll on Earnings
New York Times - 11 hours 28 min ago
The worsening economy is squeezing Europe’s flag carriers, with dwindling sales of premium-class tickets starting to take their toll.

Financial Times - American Airlines sees sweeping consolidation - 18 hours 3 min ago

COMMENTARY:

Seattle PI - Airline delays request for bids from Boeing, Airbus - 9 hours 1 min ago

ANZ drops fixed mortgage rates
Business Day - 14 hours 18 min ago
ANZ has matched National Australia Bank's and Commonwealth Bank's cut to interest rates on fixed home loans, lowering the rates by up to 100 basis points.

COMMENTARY:

Seeking Alpha - Banks Forgiving Mortgage Principle: Reward for Bad Behavior? - 11 min 15 sec ago

The Big Picture - Obama’s Challenge: The Mortgage Market - 17 hours 41 min ago

Govt stimulates new-home sales
Business Day - 14 hours 48 min ago
New home sales to Victorian first-time buyers have jumped, thanks to a tripling of the grant by the Federal Government.

COMMENTARY:

Seeking Alpha - Home Buyers in Southern California Ignore Bad Financial News - 10 hours 11 min ago

Paulson Cautions Against Overregulation
New York Times - 18 hours 33 min ago
The Treasury secretary defended his management of the financial crisis and warned against the imposition of overly strict regulations to prevent a repeat calamity.

Reuters - Paulson defends handling of U.S. financial crisis - 19 hours 21 min ago

AP - Paulson: crisis happens once or twice in 100 years - 19 hours 32 min ago

COMMENTARY:

DealBook - Paulson Calls for More Hedge Fund Oversight - 5 hours 49 sec ago

Seeking Alpha - Mr. Paulson - Leveraged Assets Got Us Here, Let Them Get Us Out - 10 hours 11 min ago

Seeking Alpha - Paulson Trying To Rewrite His Own History - 12 hours 41 min ago

GMAC seeks federal bailout funds
IHT - 19 hours 16 min ago
The money-losing finance company GMAC said on Thursday it has filed to become a bank holding company, joining the growing list of lenders making such a move in a bid to secure U.S. Treasury funds.

AP - GMAC files for bank holding status - 19 hours 53 min ago

Financial Times - GMAC moves to access bail-out - 22 hours 54 min ago

Business News - The Last 24 Hours

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