10/30 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 U.S. economy stabilizing, still difficulties: Geithner (Reuters) October 29, 2009 at 9:24 pm Reuters - U.S. Treasury Secretary Timothy Geithner on Thursday said third quarter growth figures showed the U.S. economy was stabilizing but it was in the early phase of recovery and difficulties still lay ahead. Samsung Q3 profit trebles on memory chips, LCD (Reuters) October 29, 2009 at 9:24 pm Reuters - Samsung Electronics (005930.KS), the world's top maker of memory chips and LCD screens, reported on Friday record quarterly net profit on a resurgent memory sector and brisk sales of flat screens and mobile phones. CIT seen filing for bankruptcy in coming days (Reuters) October 29, 2009 at 7:36 pm Reuters - CIT Group is likely to file for bankruptcy in the coming days, analysts and experts said. Retailer Target Corp. cuts 85 jobs in marketing (AP) October 29, 2009 at 5:13 pm AP - Retailer Target Corp. said Thursday it is cutting some 85 marketing jobs, representing about 8 percent of its 1,100 employees in that department. MetLife posts 3rd-quarter loss (Reuters) October 29, 2009 at 5:02 pm Reuters - MetLife Inc , the No. 1 U.S. life insurer, said on Thursday it posted a quarterly loss, hurt by investment losses, some of which were tied to improvement in the company's own credit spreads. Wall Street Journal to close Boston bureau (AP) October 29, 2009 at 2:07 pm AP - The Wall Street Journal is shutting its Boston bureau and eliminating nine jobs, marking the second round of cuts at the newspaper this year. Rates on 30-year loans rise to 5.03 percent (AP) October 29, 2009 at 1:36 pm AP - Rates for 30-year home loans climbed to 5.03 percent this week, the third consecutive weekly increase. Obama's "too big to fail" plan blasted in Congress (Reuters) October 29, 2009 at 11:40 am Reuters - Treasury Secretary Timothy Geithner on Thursday scrambled to fight off attacks from all sides on a new Obama administration plan for tackling financial risk in the economy unveiled just two days ago. Fed should lose AIG-style bailout powers: Geithner (Reuters) October 29, 2009 at 10:40 am Reuters - The Federal Reserve should lose its authority to bail out big, failing financial firms like AIG and Bear Stearns under proposed reforms aimed at limiting the collateral damage from such failures, U.S. Treasury Secretary Timothy Geithner said on Thursday. Exxon quarterly profit down 68 percent, misses Street (Reuters) October 29, 2009 at 10:14 am Reuters - Exxon Mobil Corp on Thursday said its quarterly profit fell 68 percent, missing Wall Street estimates, as the global recession bit into fuel demand and crude oil prices fell from year-ago levels. European stocks bounce back as US exits recession (AFP) October 29, 2009 at 9:11 am AFP - Europe's main stock markets jumped back into positive territory on Thursday, reversing earlier losses after news that the US economy emerged from recession in the third quarter, analysts said. Economy likely grew in Q3; inventory a wild card (Reuters) October 29, 2009 at 8:21 am Reuters - The U.S. economy resumed growing in the third quarter after a year of decline as consumers spent more and investment in home-building bounced back to end the worst recession in 70 years, a Reuters survey of economists predicts. Futures up ahead of GDP; P&G, Motorola gain premarket (Reuters) October 29, 2009 at 8:06 am Reuters - Wall Street was set to rise on Thursday after four days of losses in the S&P 500 as reassuring corporate profits spurred optimism ahead of data expected to show the U.S. economy resumed growing in the third quarter. AutoNation posts profit in 3Q on lower costs (AP) October 29, 2009 at 8:06 am AP - AutoNation Inc., the nation's largest automotive retailer, said Thursday it made money in the third quarter as lower costs and a boost from the Cash for Clunkers program helped it recover from a loss in the year-ago period. Procter & Gamble profit tops expectations (Reuters) October 29, 2009 at 7:27 am Reuters - Procter & Gamble Co posted a quarterly profit well ahead of analysts' forecasts and said it has modestly higher expectations for growth in the industry even as consumers continue to remain cautious. UK mortgage approvals up 6 pct in September (AP) October 29, 2009 at 6:18 am AP - Mortgage approvals in the U.K. rose 6 percent in September as the country's battered housing market improved, but cautious consumers paid off debt faster than they borrowed, the Bank of England said Thursday. Shell profit down 73 percent, hit by falling oil prices (Reuters) October 29, 2009 at 3:44 am Reuters - Royal Dutch Shell Plc (RDSa.L) said third quarter net profits fell 73 percent, hit by falling oil and gas prices and refining margins, and Chief Executive Peter Voser warned of a slow recovery. Asia shares slump, yen benefits as safer haven (Reuters) October 29, 2009 at 3:20 am Reuters - Asian shares fell sharply on Thursday after weak U.S. economic data rekindled investor worries about growth, while hedge funds sold risky assets, lifting the yen and supporting the dollar. Galleon paid Wall Street banks millions for "edge": report (Reuters) October 28, 2009 at 11:10 pm Reuters - Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that other investors did not get, the Financial Times reported.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.