Tuesday, October 27, 2009

10/28 Yahoo! News: Business

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Ex-AMD CEO linked to Galleon via info leak: report (Reuters)
October 27, 2009 at 9:40 pm

Hector Ruiz, former chief executive officer of Advanced Micro Devices, listens to questions during a news conference in New Delhi, November 30, 2005. REUTERS/Kamal KishoreReuters - 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

Visa credit cards are displayed in Washington October 27, 2009. REUTERS/Jason ReedReuters - 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

Treasury Secretary Timothy Geithner listens to a reporter's question during the 2009 Reuters Washington Summit in Washington, October 20, 2009. REUTERS/Jonathan ErnstReuters - 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

Kenneth Feinberg, Special Master for TARP Executive Compensation, is pictured during an interview with Reuters at his Washington law office, October 26, 2009. REUTERS/Jason ReedReuters - 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

An investor naps in front of an electronic board showing stock information at a brokerage house in Wuhan, Hubei province, October 27, 2009. REUTERS/StringerReuters - 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

A shopper carrying bags takes the escalator at the Pentagon City Shopping Mall in Arlington, Virginia, September 15, 2009. REUTERS/Mike TheilerReuters - 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

An attendant uses a cloth to polish the logo of Honda Motor Co at the 41st Tokyo Motor Show in Chiba, east of Tokyo, October 22, 2009. REUTERS/Yuriko NakaoReuters - 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

A BP logo is seen at a petrol station in central London July 28, 2009. REUTERS/Stefan WermuthReuters - 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

A sign on the London Stock Exchange building pictured in central London. Europe's main stock markets have risen, despite heavy falls across Asia, with London winning support from better-than-expected third-quarter results from British energy giant BP.(AFP/File/Shaun Curry)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

Traders work in the Goldman Sachs booth on the floor of the New York Stock Exchange, September 30, 2008. REUTERS/Brendan McDermidAP - 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

A Honda Civic car is seen reflected in the rear of another Honda at a showroom in west London in this January 30, 2009 file photo. The automaker nearly tripled its annual profit forecasts and more upside may be ahead, with the company taking a conservative view on the yen and with the effect of easing government incentives unknown. REUTERS/Toby MelvilleReuters - 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

The U.S. flag is seen in a reflection outside the Swiss bank UBS offices in New York in this August 4, 2009 file photo. REUTERS/Brendan McDermidReuters - 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

A man is reflected in a stock quotation board outside a brokerage in Tokyo September 25, 2009. REUTERS/Toru HanaiReuters - 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.
 

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