10/28 Yahoo! News: Business

Please add updates@feedmyinbox.com to your address book to make sure you receive these messages in the future. Yahoo! News: Business - Business Ex-AMD CEO linked to Galleon via info leak: report (Reuters) October 27, 2009 at 9:40 pm Reuters - A former chief executive of Advanced Micro Devices became the biggest name to be linked to the Galleon Group insider-trading scandal, when the Wall Street Journal reported on Tuesday that he leaked information about the microprocessor maker in 2008 to a hedge fund manager. Treasury talks to GMAC about more cash (Reuters) October 27, 2009 at 9:22 pm Reuters - The U.S. Treasury Department is in talks with GMAC Financial Services Inc about a possible additional cash infusion to the company, an Obama administration official confirmed on Tuesday night. Obama financial reforms advance in Congress (Reuters) October 27, 2009 at 9:20 pm Reuters - The Obama administration made gains on Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for a measure to expose hedge funds to more government scrutiny. GMAC, Treasury in talks on new capital: report (Reuters) October 27, 2009 at 7:39 pm Reuters - The U.S. Treasury and GMAC Financial Services are in advanced talks to prop up the lender with a third tranche of taxpayer-backed funding, the Wall Street Journal reported on Tuesday. Dem bill urges new U.S. powers over financial firms (Reuters) October 27, 2009 at 7:33 pm Reuters - The U.S. government would gain far-reaching new powers to regulate, and even shut down, large financial firms that threaten economic stability under a draft bill released in Congress on Tuesday. Visa Q4 profit beats estimates (Reuters) October 27, 2009 at 7:00 pm Reuters - Visa Inc posted higher-than-expected quarterly earnings on Tuesday, as consumers used their debit cards more, and the company raised prices, sending shares up 2.4 percent. Financial regulation fight is a "just war": Geithner (Reuters) October 27, 2009 at 6:58 pm Reuters - Treasury Secretary Timothy Geithner on Tuesday told a packed room of Wall Street dealers and bankers they could not look America in the eye and argue that financial regulation is fine as it is. Pay czar says authority should not be expanded (Reuters) October 27, 2009 at 6:51 pm Reuters - The Obama administration's executive pay czar said his authority should not be expanded beyond setting compensation guidelines for seven banks and automakers that have received extraordinary taxpayer bailouts. Silver State Helicopters student debt case settled (AP) October 27, 2009 at 5:26 pm AP - Attorneys general say a student loan company has agreed to forgive almost $113 million in debts for students of a Nevada-based helicopter flight school that went bankrupt in 2008. Vitamin Shoppe to be 1st retail IPO since 2007 (AP) October 27, 2009 at 3:41 pm AP - Consumers are frugal and unemployment is high. It may not seem like the best time for Vitamin Shoppe, a brick-and-mortar seller of supplements like fish oil and vitamins, to go public. Manufacturers highlight sluggish rebound (Reuters) October 27, 2009 at 11:46 am Reuters - U.S. manufacturers of business jets, farm machinery and trucks reported earnings on Tuesday that provided fresh hope the economy may be stabilizing as once-crippled credit markets start to mend. GameStop plans to hire 15,000 seasonal workers (AP) October 27, 2009 at 11:38 am AP - As usual, GameStop Inc. plans to hire about 15,000 seasonal, part-time workers to help with the holiday rush, the video game retailer said Tuesday. Wall St falters after weak consumer confidence (Reuters) October 27, 2009 at 10:34 am Reuters - U.S. stocks fell in choppy trading on Tuesday as a worse-than-expected consumer confidence report overshadowed earlier data that showed home prices rose for the fourth-straight month. Home prices in August up fourth straight month (Reuters) October 27, 2009 at 9:59 am Reuters - U.S. home prices rose for the fourth straight month in August and shoppers spent more last week, providing evidence consumer demand could be stabilizing. Honda upbeat, Daimler gloomy on car outlook (Reuters) October 27, 2009 at 9:21 am Reuters - Japan's Honda Motor Co (7267.T) exuded optimism while Germany's Daimler AG (DAIGn.DE) spread gloom about the outlook for car markets on Tuesday, highlighting the patchy nature of any post-crisis rebound. TSX could follow resources to higher start (Reuters) October 27, 2009 at 8:32 am Reuters - Toronto's main stock index could open higher on Tuesday as a rebound in prices for gold and oil may offer an early boost to the resource-heavy index. BP Q3 profit halves, beats forecasts on cost cuts (Reuters) October 27, 2009 at 8:01 am Reuters - BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly. European stocks gain ground (AFP) October 27, 2009 at 7:41 am AFP - Europe's main stock markets rose on Tuesday, despite heavy falls across Asia, with London winning support from better-than-expected third-quarter results from British energy giant BP. Europe gains after BP earns beat forecasts (AP) October 27, 2009 at 7:26 am AP - European markets were pushed higher by oil stocks Tuesday after BP's third-quarter results beat analysts' expectations. Asian indexes closed lower, following losses on Wall Street the previous day amid fears that equities have become overvalued. Honda nearly triples outlook, more upside seen (Reuters) October 27, 2009 at 6:25 am Reuters - Honda Motor (7267.T) surprised investors with a near tripling of its annual profit forecasts, bumping it further ahead of Japanese rivals thanks to a dominant motorcycle business and line-up heavy in small cars. UBS looks to rebuild U.S. unit with new head (Reuters) October 27, 2009 at 4:34 am Reuters - Robert McCann, who starts work as head of Swiss bank UBS's U.S. wealth management unit on Tuesday, said he had no plans to sell the unit which has been battered by a high-profile tax row. Goldman Sachs says "dark pools" help investors (Reuters) October 27, 2009 at 3:01 am Reuters - Anonymous trading venues known as "dark pools" are a technological evolution that have benefitted both institutional and retail trading by bringing down transaction costs, Goldman Sachs Group Inc said in a memo to the Securities and Exchange Commission. Asia shares dip, weak oil hits resource firms (Reuters) October 27, 2009 at 12:23 am Reuters - Asian shares followed Wall Street lower on Tuesday with resources stocks under pressure as the price of oil stayed below $79 and with investors growing increasingly worried about the recovery of the world economy. U.S. judge appoints trustee to run Thornburg Mortgage (Reuters) October 26, 2009 at 9:08 pm 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.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.