Wednesday, October 13, 2010

Google Alert - finance

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Alabama joins national foreclosure investigation
BusinessWeek
Alabama has joined the other 49 states in an investigation into allegations that mortgage companies mishandled documents and violated laws when they foreclosed on hundreds of thousands of homeowners. Alabama initially was the only state that did not ...
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Gulf oil workers relieved but wary as drill ban ends
Reuters
By Leigh Coleman OCEAN SPRINGS, Mississippi (Reuters) - US oil workers on the Gulf of Mexico coast breathed a sigh of relief on Wednesday over a government decision to lift an offshore deepwater drilling ban, but they remain wary about the future. ...
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Yahoo Shares Rise 11% After Hours On Takeover Chatter
Wall Street Journal
Yahoo Inc. (YHOO) shares rose more than 11% in after-hours trading on Wednesday, following a report the struggling Internet company could be the object of a takeover attempt. AOL Inc. (AOL) and several private equity groups are exploring the ...
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Poet: Consumers will lead way to U.S. ethanol hike
Reuters
By Timothy Gardner WASHINGTON (Reuters) - US drivers looking to save a few pennies per gallon on fuel will push retailers to sell gasoline with higher levels of ethanol, the chief executive of Poet, the largest US ethanol producer said. ...
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Rattner nears SEC settlement over charges-reports
Reuters
NEW YORK Oct 13 (Reuters) - Steven Rattner, the former head of the US auto task force, is close to settling with the Securities and Exchange Commission over charges he took part in a pay-to-play pension scheme, media reports said on Wednesday. ...
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Earnings reports push stocks higher, Dow up 76
The Associated Press
NEW YORK — Better than expected earnings reports from three corporate bellwethers helped push stocks to their fourth day of gains on Wednesday, even though the companies themselves didn't get to enjoy the rally. Intel Corp. and JP Morgan Chase & Co. ...
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Global 3Q PC Shipments Rise Less Than Expected - Researchers
Wall Street Journal
SAN FRANCISCO (Dow Jones)- Global shipments of personal computers posted a weaker-than-expected rise in the third quarter as softening consumer demand and interest in new tablet devices weighed on sales. In particular, poor back-to-school sales crimped ...
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Big Ed predicts IPO price
San Antonio Express
By David Hendricks - Express-News General Motors Co.'s upcoming stock offering will debut between $20 and $25 per share next month, GM Chairman Ed Whitacre Jr. predicted in San Antonio on Wednesday. "It will be something like that," Whitacre said. ...
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Factbox: The role of MERS in foreclosure furor
Reuters
(Reuters) - The growing furor in the United States over improper foreclosure documents is focusing intense attention on MERS, a mortgage-record service company that tracks more than 60 million mortgages. Mortgage Electronic Registration Systems has ...
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Einhorn's New Short: St. Joe
Wall Street Journal
By TOM LAURICELLA Greenlight Capital Inc.'s David Einhorn took stock pickers through a tour of Florida's Panhandle as he outlined the reasons he is shorting the stock of real-estate developer St. Joe Co. The basic thesis: The company's holdings of ...
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