| PHH Corp. names chief executive officer (AP)
October 26, 2009 at 7:29 pm
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| | AP - Mortgage originator PHH Corp. said Monday that it named Jerome J. Selitto as president and CEO and a director, effective immediately. |
| Kansas City UAW plant workers reject Ford contract (Reuters)
October 26, 2009 at 7:23 pm
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| | Reuters - Union workers at Ford Motor Co's Kansas City assembly plant overwhelmingly rejected proposed contract changes that include a "no-strike" provision on wages and benefits, the local president said on Monday. |
| U.S. seeks light sentence for UBS client in tax case (Reuters)
October 26, 2009 at 7:11 pm
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| | Reuters - The U.S. government asked for a reduced sentence on Monday for a former American client of UBS AG who pleaded guilty to tax evasion but provided information leading to the indictment of a Swiss banker and a Zurich lawyer. |
| Ex-Bear Stearns manager wins email ruling (Reuters)
October 26, 2009 at 6:41 pm
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|  Reuters - Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a "blow up risk" for investors.
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| U.S. judge appoints trustee to run Thornburg Mortgage (Reuters)
October 26, 2009 at 4:34 pm
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| | Reuters - A bankruptcy judge appointed a trustee to take over the liquidation of Thornburg Mortgage after it was discovered former executives were using staff and equipment to launch a start-up venture. |
| Madoff friend drowned due to heart attack (Reuters)
October 26, 2009 at 2:11 pm
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| | Reuters - Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday. |
| Economic reports point to bumpy recovery (Reuters)
October 26, 2009 at 2:00 pm
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|  Reuters - Regional economic reports on Monday suggested the U.S. economy has clambered back to levels associated with the end of recession, but recovery will be patchy and may prove fleeting.
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| Retail gas prices nearing summer highs (AP)
October 26, 2009 at 11:47 am
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|  AP - Retail gas prices are spiking to levels last seen in the heat of summer driving season, raising fears that consumers could cut back on holiday spending.
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| Verizon mobile growth beats but FiOS TV disappoints (Reuters)
October 26, 2009 at 11:39 am
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|  Reuters - Verizon Communications Inc's third-quarter profit fell a less-than-expected 9 percent as wireless subscriber gains offset slower-than-anticipated growth in its FiOS television service.
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| Barclays snaps up Standard Life Bank division (AFP)
October 26, 2009 at 11:38 am
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|  AFP - British bank Barclays on Monday bought the home loans and savings arm of insurer Standard Life, pursuing its expansion strategy after the part-purchase of failed US titan Lehman Brothers last year.
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| Corning profit beats Street, sees strong TV demand (Reuters)
October 26, 2009 at 11:24 am
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| | Reuters - Corning Inc expects consumer appetite for flat-screen televisions to be robust through 2010, fueling demand for its specialty glass, and hopes that market prices will mark only mild declines. |
| Barclays snaps up Standard Life Bank for £226 mln (AFP)
October 26, 2009 at 11:06 am
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| AFP - Barclays on Monday bought the home loans and savings arm of insurer Standard Life, pursuing its expansion strategy after the part-purchase of failed US titan Lehman Brothers last year.
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| FTSE edges higher (AFP)
October 26, 2009 at 9:16 am
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|  AFP - The FTSE 100 edged higher on Monday as nervous investors assessed the outlook for the global economy ahead of crucial US growth data later this week.
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| Markets rise on SKorea growth; oil earns awaited (AP)
October 26, 2009 at 7:45 am
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|  AP - European markets rose modestly Monday as investors looked ahead to oil company earnings later in the week. Asian markets rose as South Korea's fastest growth in over seven years underscored the region's strengthening economic recovery.
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| Verzion gains after results (Reuters)
October 26, 2009 at 7:33 am
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|  Reuters - Verizon Communications Inc shares rose 1 percent to $29.14 in premarket trade on Monday after the company posted third-quarter earnings.
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| Futures rise as dollar falls, Verizon on tap (Reuters)
October 26, 2009 at 7:18 am
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|  Reuters - U.S. stock index futures rose on Monday after a selloff in the previous session as investors looked ahead to a busy week of economic data, while the U.S. dollar fell to a 14-month low.
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| RadioShack profit misses estimates (Reuters)
October 26, 2009 at 6:57 am
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|  Reuters - RadioShack Corp's quarterly profit missed estimates by one cent on weak demand for its converter boxes, laptop computers and wireless accessories.
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| Global stocks edge higher; China report hits dollar (Reuters)
October 26, 2009 at 5:57 am
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|  Reuters - A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks sought to recover from last week's weakness.
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