| AIG, Greenberg in settlement talks: report (Reuters)
October 16, 2009 at 6:03 pm
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| | Reuters - American International Group Inc and its former Chief Executive Maurice "Hank" Greenberg are in advanced talks to settle their legal disputes, the Wall Street Journal reported on Friday. |
| U.S. charges billionaire Rajaratnam with record insider trading (Reuters)
October 16, 2009 at 4:59 pm
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| | Reuters - Billionaire hedge fund founder Raj Rajaratnam and five executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever. |
| Audit questions FHA's ability to screen lenders (AP)
October 16, 2009 at 4:56 pm
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| | AP - The government's mortgage insurance agency is doing a poor job of screening lenders that enter the program, an internal audit has found. |
| Correction: Clorox executive compensation story (AP)
October 16, 2009 at 4:46 pm
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| | AP - In an Oct. 14 story about Clorox Co.'s executive compensation, The Associated Press reported erroneously that CEO Don Knauss received more than $1 million under the company's mortgage subsidy program over three fiscal years. The amount was slightly less than $1 million and reflected total relocation-related benefits, which included the mortgage subsidy program. |
| U.S. budget gap hits record $1.4 trillion (Reuters)
October 16, 2009 at 4:02 pm
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| | Reuters - The U.S. budget deficit hit a record $1.4 trillion in the just-ended fiscal year, the government said on Friday, as the deep recession and a series of bank rescues cut a gaping hole in public finances. |
| Market regulators urge tougher enforcement (Reuters)
October 16, 2009 at 1:55 pm
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| | Reuters - U.S. securities and futures regulators asked Congress on Friday for more authority to police their markets, including legislation to help rein in insider trading in the commodity futures markets. |
| Edmunds: GM retail share to hit 22.4 pct in Oct. (AP)
October 16, 2009 at 12:52 pm
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| | AP - General Motors Co.'s retail market share will climb to 22.4 percent in October, helped by new product launches and surging ad spending, according to a preliminary analysis by Edmunds.com. |
| FTSE 100 closes down on profit-taking (AFP)
October 16, 2009 at 12:19 pm
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|  AFP - The leading stock exchange closed down on Friday -- despite striking a 12-month high earlier in the session -- after disappointing financial results from the US and amid profit-taking from earlier gains.
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| Sagging consumer view tempers output optimism (Reuters)
October 16, 2009 at 10:38 am
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|  Reuters - U.S. consumer sentiment fell unexpectedly this month, tempering optimism inspired by news of a rise in U.S. industrial production in September for a third consecutive month.
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| Consumer sentiment falls unexpectedly (Reuters)
October 16, 2009 at 9:58 am
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| | Reuters - U.S. consumer sentiment fell unexpectedly this month on persistent worries that the "dismal" state of personal finances would not recover quickly from the worst recession in decades, a report showed on Friday. |
| Wall Street to slip as earnings disappoint (Reuters)
October 16, 2009 at 8:28 am
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|  Reuters - Wall Street was set to drop at the open on Friday after disappointing quarterly results from Dow components General Electric Co and Bank of America Corp dragged stock futures lower.
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| BofA posts $1 billion loss amid consumer credit woes (Reuters)
October 16, 2009 at 8:05 am
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|  Reuters - Bank of America Corp posted a wider-than-expected quarterly loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes.
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| GE profit tumbles 42 percent (Reuters)
October 16, 2009 at 6:57 am
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|  Reuters - General Electric Co reported a 42 percent drop in profit, as a global economic slump hammered its hefty finance arm and eroded demand for the heavy equipment it manufactures.
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| Mattel profit matches Street view; sales drop (Reuters)
October 16, 2009 at 6:53 am
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|  Reuters - Mattel Inc reported a lower quarterly profit that met Wall Street estimates on Friday, hurt by the weak economy and a dearth of movie-inspired toys.
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| European stocks rise, London hits year-high (AFP)
October 16, 2009 at 6:50 am
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|  AFP - Europe's main stock markets climbed on Friday, with London striking a 12-month high, as investors awaited more key US earnings data for clues about the pace of economic recovery, traders said.
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| Asia shares give up early gains, yen slides (Reuters)
October 16, 2009 at 3:06 am
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| Reuters - Asian shares gave up early gains on Friday, with interest rate speculation pressuring assets in South Korea and China, while a bounce in the British pound continued to depress the yen and oil hit a one-year high above $78.
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| JAL slumps, investors say bankruptcy an option (Reuters)
October 16, 2009 at 2:47 am
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| | Reuters - Japan Airlines Corp (9205.T) shares slid 12 percent to a record low on Friday as investors suggested bankruptcy may be an option for Asia's biggest airline by revenue, even as the government again pledged to support the troubled carrier. | 
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