11/6 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 GM readies Opel plan, workers strike (Reuters) November 5, 2009 at 7:59 pm Reuters - General Motors Co on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit. Fannie Mae seeks $15 bln in US aid after 3Q loss (AP) November 5, 2009 at 7:33 pm AP - Fannie Mae is asking for an additional $15 billion in government aid after posting another big loss in the third quarter as the taxpayer bill from the housing market bust keeps rising. Insider trading probe ensnares 14 more (Reuters) November 5, 2009 at 7:06 pm Reuters - Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers. Sparring over evidence at Wall Streeters trial (Reuters) November 5, 2009 at 7:05 pm Reuters - In closing arguments in the trial of the first high-profile Wall Streeters on fraud charges stemming from the financial crisis, a U.S. prosecutor said two hedge fund managers told "black and white lies," but a defense lawyer attacked the government for "misleading" the jury. Fannie Mae seeks $15 bln in aid after loss (AFP) November 5, 2009 at 6:53 pm AFP - US state-controlled mortgage lender Fannie Mae posted Thursday another multibillion-dollar quarterly loss and said it needed an additional 15 billion dollars in taxpayer funds. Bebe Stores posts loss for 1Q as sales plummet (AP) November 5, 2009 at 6:36 pm AP - Clothing retailer Bebe Stores Inc. said it posted a loss for its fiscal first quarter as its sales plummeted. Fannie Mae posts $18.9 billion Q3 loss, taps Treasury (Reuters) November 5, 2009 at 6:32 pm Reuters - Fannie Mae, the largest provider of funding for U.S. home loans, said on Thursday bad mortgages and a federal foreclosure prevention program left it with a $18.9 billion loss, forcing it to tap the Treasury again to plug a hole in its net worth. Rates on 30-year loans fall below 5 percent (AP) November 5, 2009 at 2:40 pm AP - Rates for 30-year home loans dipped below 5 percent this week after rising for three straight weeks. A look at economic developments around the globe (AP) November 5, 2009 at 2:06 pm AP - A look at economic developments and activity in major stock markets around the world Thursday: SEC official worried about "naked access" (Reuters) November 5, 2009 at 1:56 pm Reuters - A top U.S. securities regulator said on Thursday that she was concerned about naked access, where brokers give high-frequency traders unfiltered access to public markets. FTSE 100 ends up on US jobs data (AFP) November 5, 2009 at 12:33 pm AFP - London shares ended higher on Thursday powered by positive US employment data. Omnicare 3Q profit rises 13 percent (AP) November 5, 2009 at 11:46 am AP - Omnicare Inc., which dispenses drugs to nursing homes and long-term care facilities, said Thursday its third-quarter profit rose 13 percent as lower costs and an income tax adjustment offset a dip in revenue. Fannie Mae to rent out homes instead foreclosing (AP) November 5, 2009 at 10:02 am AP - Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday. ECB takes first step towards exit, more due in Dec (Reuters) November 5, 2009 at 9:59 am Reuters - The European Central Bank took its first step toward unwinding its extraordinary support measures for the euro zone economy on Thursday by signaling one-year loans to banks will not be repeated next year. New arrests in Galleon insider-trading case: sources (Reuters) November 5, 2009 at 9:56 am Reuters - Eight more people have been arrested in connection with the Galleon insider-trading scandal, sources familiar with the matter said on Thursday. Gymboree 3rd-qtr sales comparison falls 4 percent (AP) November 5, 2009 at 9:56 am AP - The Gymboree Corp. on Thursday said its third-quarter sales at stores open at least a year fell 4 percent, but the children's retailer nevertheless raised its profit forecast for the period. Productivity at 6-year high, jobless claims fall (Reuters) November 5, 2009 at 9:07 am Reuters - U.S. business productivity in the third quarter grew at the fastest pace in six years and new claims for jobless aid fell to a 10-month low last week, indicating the decline in labor market may be hitting bottom. October retail sales fall short for many (Reuters) November 5, 2009 at 9:05 am Reuters - U.S. retail chains reported October sales that rebounded from the lows of a year ago but many failed to surpass Wall Street's boosted expectations as consumers spend selectively headed into the holiday season. Fla. justices consider mediation for foreclosures (AP) November 5, 2009 at 8:11 am AP - Mediation would be a good way to expedite a flood of mortgage foreclosures, members of a foreclosure task force said Wednesday, but some disagreed on the details in oral arguments before the state Supreme Court. World stocks down ahead of European rate decisions (AP) November 5, 2009 at 5:58 am AP - World stock markets fell Thursday after the U.S. Federal Reserve cautioned about the wider economic impact of rising unemployment. Investors awaited interest rate decisions in Europe later in the day. Toyota reports surprise profit, outlook bumpy (Reuters) November 5, 2009 at 5:02 am Reuters - Toyota Motor Corp's surprise quarterly profit and halving of its annual loss forecast failed to convince investors the world's No.1 carmaker is back on track, as government subsidies peter out and a strong yen takes its toll. Stock futures point to lower open for Wall Street shares (Reuters) November 5, 2009 at 4:42 am Reuters - U.S. shares were expected to fall on Thursday, after ending only marginally higher in the previous session, following the Federal Reserve's statement that it was keeping rates close to zero for an "extended period." Costco same-store sales top estimates (Reuters) November 5, 2009 at 3:42 am Reuters - Costco Wholesale Corp reported a 5 percent increase in October same-store sales, helped by a weak U.S. dollar that helped push up international sales.   This email was sent to cardmaster21@gmail.com.  Create Your Account Don't want to receive this feed any longer? Unsubscribe here.