Wednesday, October 27, 2010

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US Stocks Open Lower On Concerns About Cautious Fed;DJIA Down 61
Wall Street Journal
By Jonathan Cheng NEW YORK (Dow Jones)--US stocks slipped Wednesday, as investors mulled the potential impact of a more cautious approach by the Federal Reserve to stimulate the economy. The Dow Jones Industrial Average dropped 61 points, or 0.5%, ...
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Orders for US Capital Goods Fall, Signaling Less Investment
Bloomberg
By Shobhana Chandra - Wed Oct 27 12:52:36 GMT 2010 Orders for US non-military capital equipment excluding airplanes dropped in September, indicating gains in business investment will cool. Bookings for such goods, including computers and machinery ...
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Adviser to Consumer Agency Had Role in Lending
New York Times
By EDWARD WYATT WASHINGTON — A senior adviser to Elizabeth Warren, hired to help start the Consumer Financial Protection Bureau, is an investor in and, until recently, served as a director of a company that helps to arrange low-documentation loans for ...
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Sales of US New Homes Increased in September for Second Month
Bloomberg
By Bob Willis - Wed Oct 27 14:00:04 GMT 2010 Sales of new homes rose in September for a second month to a pace that signals the industry is struggling to overcome the effects of a jobless rate hovering near 10 percent. Purchases increased 6.6 percent ...
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Sprint Nextel post first revenue gain in years
The Associated Press
NEW YORK (AP) — Sprint Nextel Corp. on Wednesday reported its first quarterly revenue increase in three years, as improvements in Sprint-branded and prepaid service offset the continued flight of subscribers from the Nextel network. ...
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Comcast Earnings Down on NBCU Costs
TheStreet.com
By Theresa McCabe 10/27/10 - 09:38 AM EDT PHILADELPHIA (TheStreet) -- Comcast(CMCSA) saw earnings fall during the third quarter, weighed down by transaction costs related to its takeover deal with General Electric's(GE) NBC Universal. ...
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ConocoPhillips Profit Doubles on Oil Prices, Refining
BusinessWeek
By Edward Klump Oct. 27 (Bloomberg) -- ConocoPhillips, the third-largest US oil producer, said profit more than doubled as oil prices rose on recovering energy demand and refining margins widened. Third-quarter net income climbed to $3.06 billion, ...
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General Dynamics, Northrop profits top estimates
Reuters
By Karen Jacobs and Kyle Peterson ATLANTA/CHICAGO, Oct 27 (Reuters) - Defense contractors General Dynamics Corp (GD.N) and Northrop Grumman Corp (NOC.N) posted higher quarterly earnings, topping expectations, boosted by cost controls and other ...
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Japanese Yields Jump
Wall Street Journal
By ANDREW MONAHAN TOKYO—Japanese government bond yields jumped Wednesday, following a move in US Treasurys, though a solidly bid auction of two-year notes limited the damage in the short-dated sector. The fall in Treasury prices on Tuesday, ...
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Dr. Pepper Snapple 3Q earnings down on expenses
Forbes
AP , 10.27.10, 09:15 AM EDT PLANO, Texas -- Dr. Pepper Snapple Group Inc.'s earnings fell 5 percent in the third quarter, pinched by strike-related costs and higher expenses. But revenue and sales volume edged higher, and the beverage maker raised its ...
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