| Yahoo triples profit, beats expectations (Reuters)
October 20, 2009 at 7:24 pm
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|  Reuters - Yahoo Inc's quarterly profit more than tripled as cost cuts and asset sales offset revenue declines, and the Internet company said its top advertisers are beginning to spend again.
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| Galleon staff eye exits, investors debate (Reuters)
October 20, 2009 at 7:17 pm
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| | Reuters - Dozens of employees at Galleon Group are hunting for new jobs as investors debate how to react after the hedge fund's founder was arrested and charged with running one of the biggest insider trading schemes. |
| Sallie Mae posts profit as credit market improves (AP)
October 20, 2009 at 6:59 pm
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| | AP - The student lender best known as Sallie Mae posted a third-quarter profit that beat Wall Street expectations as credit markets improved and student loan activity increased. |
| SEC mulls ways to shed light on dark pools (Reuters)
October 20, 2009 at 6:56 pm
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| | Reuters - U.S. securities regulators are considering ways to shed light on anonymous trading venues known as dark pools, including treating so called "indications of interest" as regular quotes, a source familiar with the Securities and Exchange Commission's position said on Tuesday. |
| Drugstore.com posts narrower 3Q loss as sales rise (AP)
October 20, 2009 at 6:09 pm
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| | AP - Online retailer Drugstore.com Inc. said Tuesday it had a smaller third-quarter loss than a year earlier as sales of over-the-counter drugs and vision care items increased and its gross margins improved. |
| Earnings roundup: Sallie Mae, Cymer (AP)
October 20, 2009 at 5:57 pm
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| | AP - Among the earnings stories for Tuesday, Oct. 20, from AP Financial News: |
| California sues State Street over pension funds (Reuters)
October 20, 2009 at 4:13 pm
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|  Reuters - California's attorney general sued State Street Corp on Tuesday for committing an "unconscionable fraud" against the state's largest pension funds and is seeking to recover more than $200 million in alleged illegal overcharges and penalties.
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| IRS warned again of homebuyer credit fraud (Reuters)
October 20, 2009 at 3:16 pm
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| | Reuters - The internal watchdog for the U.S. Internal Revenue Service is expected to warn the agency for the fourth time about fraud in the multibillion dollar homebuyer tax credit program, according to a report to be released at a congressional hearing later this week. |
| Wisconsin group asks USDA to investigate Target (AP)
October 20, 2009 at 2:51 pm
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| | AP - A Wisconsin-based farm policy group has asked the U.S. Agriculture Department to investigate whether giant retailer Target Corp. misled consumers by claiming some soy milk it sells is organic. |
| Schumer jumps into dark pool debate ahead of SEC meet (Reuters)
October 20, 2009 at 2:37 pm
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| | Reuters - U.S. Senator Charles Schumer on Tuesday jumped in to the debate over anonymous trading venues known as dark pools, calling for tough new regulations a day before the U.S. Securities and Exchange Commission meets to consider new rules. |
| Credit Suisse changes executive pay structure (Reuters)
October 20, 2009 at 1:53 pm
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|  Reuters - Credit Suisse said on Tuesday it would make executives wait three-to-four years for their bonuses, as governments press banks to use compensation packages to limit excessive risk taking.
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| Stocks fall after mixed economic data, earnings (AP)
October 20, 2009 at 12:01 pm
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|  AP - A report on housing starts made investors nervous that the economy will be slower to recover even as companies post profits that exceed expectations.
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| Sears tries to get own piece of book price wars (AP)
October 20, 2009 at 11:49 am
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| | AP - Sears Holdings is becoming the latest retailer to throw itself in the heated price war on books expected to be top sellers. But the merchant's promotion has a twist. |
| Housing, price data points to sluggish recovery (Reuters)
October 20, 2009 at 11:31 am
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|  Reuters - Softer-than-expected U.S. housing starts last month and a drop in prices paid at the farm and factory gate pointed to an anemic economic recovery, backing views that interest rates could stay low for a while.
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| Fewer home-building permits signal weakness ahead (AP)
October 20, 2009 at 11:20 am
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|  AP - Applications for home building permits, a gauge of future construction, fell in September by the largest amount in five months — a discouraging sign for the housing industry.
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| Caterpillar beats estimates, raises forecast (Reuters)
October 20, 2009 at 11:01 am
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|  Reuters - Caterpillar Inc reported stronger-than-expected quarterly earnings on Tuesday and raised its full-year forecast, hailing what it said were growing signs of a global economic rebound and sending its shares up more than 4 percent.
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| United Tech results top Wall Street forecasts (Reuters)
October 20, 2009 at 10:09 am
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|  Reuters - Diversified U.S. manufacturer United Technologies Corp reported a 17 percent drop in third-quarter profit, that nonetheless beat Wall Street estimates, as cost-cutting helped offset slumping demand.
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| DuPont earnings beat Wall Street view (Reuters)
October 20, 2009 at 7:45 am
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|  Reuters - DuPont posted an 11 percent jump in third-quarter profit on Tuesday, beating Wall Street estimates, but the chemical maker narrowed its earnings outlook for the year.
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| Solid earnings lift futures (Reuters)
October 20, 2009 at 7:44 am
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|  Reuters - U.S. stock index futures rose on Tuesday after strong quarterly results from bellwethers Caterpillar Inc and Apple Inc pointed to a solid earnings season.
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| Pfizer third-quarter profit rises (Reuters)
October 20, 2009 at 7:27 am
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| | Reuters - Pfizer Inc reported higher third-quarter profit as aggressive cost-cutting helped offset unfavorable foreign currency exchange rates and declining sales of drugs, including those facing competition from cheaper generics. |
| Ahead of the Bell: Housing Starts (AP)
October 20, 2009 at 6:34 am
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| | AP - Construction of new homes likely posted a modest gain in September although the recovery for the troubled housing sector remains bumpy. |
| Qatar's Barclays stake sale stokes Sainsbury talk (Reuters)
October 20, 2009 at 6:15 am
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|  Reuters - Qatar is selling a 1.3 billion pound ($2.1 billion) stake in British bank Barclays , stoking talk it will use a big profit to make a move on UK food retailer J. Sainsbury .
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| Japan ready to borrow more to beat crisis: minister (AFP)
October 20, 2009 at 5:23 am
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|  AFP - Japan's government is ready to add to the country's already sky-high public debt in the face of slumping tax revenues, Finance Minister Hirohisa Fujii said Tuesday.
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| FTSE 100 rises in opening trade (AFP)
October 20, 2009 at 5:15 am
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|  AFP - The leading stock exchange climbed higher at the start of trading on Tuesday after Wall Street had struck a 2009 high point overnight on hopes of global economic recovery.
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