Friday, October 29, 2010

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Wall Street Takes GDP Report in Stride
New York Times
By CHRISTINE HAUSER Shares on Wall Street remained in a narrow range on Friday after the government's report that the economy grew at an annual rate of 2 percent in the third quarter. Reaction was muted given that the estimate for the country's gross ...
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UK says no decision on raising airport security
Reuters
LONDON Oct 29 (Reuters) - It was too early to say if Britain will raise security levels at its airports following an alert over a suspect package at a British airport, a government spokeswoman said on Friday. "We're still looking into the details of ...
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Replying to Report, Halliburton Says BP Is to Blame in Gulf
New York Times
By JOHN M. BRODER WASHINGTON — Halliburton, whose failed cement job on the BP well in the Gulf of Mexico was identified as a contributing factor to the deadly blowout by a presidential investigative panel on Thursday, is defending its work and ...
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Judge denies Oracle attempt to delay SAP trial
Reuters
SAN FRANCISCO (Reuters) - Oracle Corp failed in its attempt to delay the start of a high-profile trade secrets case against SAP AG, and SAP was unsuccessful in its bid for a gag order during the trial, according to a court filing made public on Friday. ...
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Pfizer Widens Recall of Lipitor Bottles
Wall Street Journal
By PETER LOFTUS Pfizer Inc. again widened a recall of its blockbuster cholesterol-lowering drug Lipitor due to reports of musty or moldy odors associated with the product. The New York drug maker said Friday it plans to recall about 38000 bottles of ...
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AIG unit stock soars in Hong Kong as insurer works to pay back US
Washington Post
By Brady Dennis A lively day on the Hong Kong stock exchange Friday could translate into good news for American taxpayers. Shares of Asian-based insurer AIA, the unit recently taken public by bailed-out insurance giant American International Group, ...
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Merck's Earnings Slump On Cost Of Digesting Schering
Forbes
Merck reported third-quarter profits fell sharply despite a substantial sales increase, due to the costs of integrating its merger with Schering Plough and preparations for a series of painkiller-related lawsuits. Merck ( MRK - news - people ), one of ...
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Buffett: Under the Radar
TheStreet.com
By Don Dion 10/29/10 - 06:00 AM EDT NEW YORK (TheStreet) -- Wall Street and Main Street commentators were abuzz this week with news and opinions revolving around the Oracle of Omaha, Warren Buffett. Part of the question, "Who will be the next head of ...
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Coinstar Share Surge Continues As Digital Strategy Takes Shape
Wall Street Journal
By Melissa Korn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Coinstar Inc. (CSTR) shares soared Friday as investors cheered continued success at the company's redbox DVD kiosk business as well as executive comments about low-risk digital growth ...
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Chevron reports decline in profits
Financial Times
By Ed Crooks Chevron, the second-largest US oil group, has disappointed analysts' expectations with a fall in earnings for the third quarter. Post-tax earnings were $3.77bn, down 2 per cent from $3.83bn in the equivalent period of 2009. ...
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