Saturday, October 17, 2009

10/18 Yahoo! News: Business

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U.S. must live within its means: Geithner (Reuters)
October 17, 2009 at 7:33 pm

Reuters - The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar's status, Treasury Secretary Timothy Geithner said on Friday.

Pay rules complicate GM CFO search: report (Reuters)
October 17, 2009 at 4:28 pm

The General Motors logo is seen outside its headquarters at the Renaissance Center in Detroit, Michigan August 25, 2009. REUTERS/Jeff KowalskyReuters - General Motors Co's bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal said on Saturday.



Toys "R" Us facing antitrust probe: report (Reuters)
October 17, 2009 at 11:34 am

Reuters - Toys "R" Us is facing a U.S. antitrust probe over whether the toy retailer used its market clout to stifle discounting by retail competitors and force consumers to pay higher prices for baby products, the Wall Street Journal reported on Saturday.

CIT amends restructuring plan with bondholders (Reuters)
October 17, 2009 at 10:46 am

A woman walks past the Cit offices in New York, July 13, 2009. REUTERS/Brendan McDermidReuters - Commercial finance company CIT Group Inc and a group representing its bondholders have agreed on changes to the company's proposed restructuring plan as it looks shore up its finances.



U.S. budget gap hits record $1.4 trillion (Reuters)
October 16, 2009 at 11:02 pm

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.
 

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