Thursday, October 7, 2010

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Stocks Close Mixed; Jobs Report Looms
TheStreet.com
By Melinda Peer 10/07/10 - 04:18 PM EDT NEW YORK (TheStreet) -- Stocks ended mostly lower on Thursday as investors nervously awaited Alcoa's(AA) results and the September jobs report on Friday. The Dow Jones Industrial Average shed 19 points, or 0.2%, ...
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Microsoft acquisition of Adobe mooted
Financial Times
By Richard Waters and Joseph Menn in San Francisco A possible Microsoft acquisition of Adobe Systems, long a rival in the desktop software business, was among ideas for closer co-operation raised informally at a recent meeting between the chief ...
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Alcoa 3Q Net Drops 21%; Beats Views On Prices, Demand Rise
Wall Street Journal
By Matt Whittaker Aluminum giant Alcoa Inc. (AA) posted stronger-than-expected third-quarter earnings Thursday as revenue rose on higher pricing and increasing demand that indicates the world's economy continues its slow recovery. ...
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CREDIT MARKETS: Investors, Issuers Eye Payrolls Data
Wall Street Journal
By Romy Varghese Of DOW JONES NEWSWIRES Investors on Thursday remained focused on Friday's US payrolls report, which could provide support to the belief the Federal Reserve would do more to boost the economy. Investors expect that the Federal Reserve ...
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IMF Chief Says Currency Issue Hinders Rebalancing of Economy
New York Times
By SEWELL CHAN WASHINGTON — The head of the International Monetary Fund urged China on Thursday to allow its currency to rise in value, an attempt to keep a contentious issue between the United States and China from broadening into a bitter ...
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Former 'CHiPS' Actor Wilcox Faces Charges
Wall Street Journal
By JOHN KELL Federal authorities filed civil and criminal charges against a group of penny-stock promoters accused of manipulating the volume and price of microcap stocks in a series of alleged kickback schemes. The Securities and Exchange Commission ...
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Micron Swings To 4Q Profit; Reaches Deal With Samsung
Wall Street Journal
(Updates with additional executive comments in the sixth and seventh paragraphs and non-GAAP results in the 14th paragraph.) By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Micron Technology Inc. (MU) posted a fiscal fourth-quarter profit ...
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Indexed Bonds Show No Trichet Accord on Double Dip: Euro Credit
BusinessWeek
By Anchalee Worrachate Oct. 8 (Bloomberg) -- Bonds that signal investor inflation expectations show that traders disagree with European Central Bank President Jean-Claude Trichet's declaration that another recession isn't "in the cards. ...
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GM to build Verano compact at Orion plant
Detroit Free Press
BY CHRISSIE THOMPSON GM is investing $145 million at the plant, and it will employ about 1550 hourly and salaried workers, North American President Mark Reuss said today in Orion. The two Orion cars also account for about 120 jobs in Pontiac. ...
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