Friday, October 8, 2010

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Officials in 40 States Said to Consider Joint Foreclosure Probe
Bloomberg
By Dakin Campbell and Prashant Gopal - Sat Oct 09 04:01:00 GMT 2010 Attorneys general in about 40 states may announce by next week a joint investigation into potentially faulty foreclosures at the largest banks and mortgage firms, according to a person ...
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Stocks rise, oddly, on bleak jobs report
Los Angeles Times
By Nathaniel Popper, Los Angeles Times Reporting from New York-- Wall Street took some bad employment statistics as a good omen, sending the Dow Jones industrial average above 11000 for the first time since May. Other market indexes also gained as ...
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Economy shed 95000 jobs in September
Chicago Tribune
WASHINGTON -- A sharp falloff in local government payrolls, mostly at schools, added an ominous new weight to the depressed labor market last month as the American economy lost 95000 jobs and the unemployment rate remained at 9.6 percent. ...
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Poor nations don't want to lose in IMF power shift
Reuters
By Lesley Wroughton and Walter Brandimarte WASHINGTON (Reuters) - As global finance chiefs wrestled on Friday with how to redistribute voting power in the International Monetary Fund, emerging markets want to ensure that a promised increase in their ...
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Sanofi, Genzyme offer divergent details of meeting
Boston Globe
By Robert Weisman What really happened during a tete-a-tete last month between Genzyme Corp. chief executive Henri A. Termeer and Christopher A. Viehbacher, his counterpart at Sanofi Aventis SA? Genzyme said Viehbacher suggested the French drug giant ...
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Wal-Mart to End Worker Profit-Sharing Contributions in February
Bloomberg
By Matthew Boyle and Duane D. Stanford - Sat Oct 09 04:01:00 GMT 2010 Wal-Mart Stores Inc., the largest US private employer, plans to end profit-sharing contributions in February, replacing them by matching some of the dollars employees put in their ...
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Freddie Mac, FHLB, Fannie Mae 2010 note calendar
Reuters
Oct 8 (Reuters) - The following are scheduled sales announcement dates for potential Freddie Mac (FMCC.OB) reference, Fannie Mae (FNMA.OB) benchmark notes and Federal Home Loan Bank (FHLB) global note offerings in 2010. Freddie Mac and Fannie Mae said ...
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Japan finmin: G7 agreed excess FX moves undesirable
Reuters
WASHINGTON Oct 8 (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Friday that finance leaders from the Group of Seven nations agreed at a meeting that excessive and disorderly foreign exchange movements are undesirable. ...
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Ackman Confirms 11% Stake In Fortune, Plans Management Talks
Wall Street Journal
By Anjali Cordeiro Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Activist investor William Ackman's Pershing Square Capital Management confirmed it has built an 11% stake in Fortune Brands Inc.(FO), and said it plans to discuss the future of the ...
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