A new consumer agency fines Capital One (NYSE: COF) $210 million for aggressive marketing activity.(Reuters)
New IMF policies will examine whether individual national economies might hurt global growth. (Reuters)
IBM (NYSE: IBM) raises its earnings estimates. (Reuters)
AT&T (NYSE: T) to raise the rates it charges customers for data use. (Reuters)
Microsoft (NASDAQ: MSFT) to release Windows 8 on October 26. (Reuters)
US Airways (NYSE: LCC) works with regulators on a possible buyout of AMR. (Reuters)
Bank of America (NYSE: BAC) and Credit Suisse (NYSE: CS) will make more expense cuts to improve margins. (WSJ)
China will offer African nations $20 billion in loans. (WSJ)
The U.S. Postal Service says it may default on a pension obligation of $5.5 billion. (WSJ)
Government data from Spain show its housing and bank problems have worsened. (WSJ)
Procter & Gamble (NYSE: PG) defends its embattled CEO. (WSJ)
EBay (NASDAQ: EBAY) earnings rise more than expected as PayPal’s success continues. (WSJ)
The National Retail Federation says average back-to-school spending will rise 14%. (WSJ)
Corn and soybean prices reach records because of widespread drought. (WSJ)
Huge layoffs at Yahoo! (NASDAQ: YHOO) may be needed to bring its expenses into line with those of Facebook (NASDAQ: FB) and Google (NASDAQ: GOOG). (WSJ)
The AARP reports that foreclosure rates among people older than 75 have risen sharply. (NYT)
A new survey shows e-book sales rising much more quickly than those of traditional books. (NYT)
The Libor investigation moves to Credit Agricole, HSBC (NYSE: HBC), Deutsche Bank (NYSE: DB) and Societe Generale. (FT)
China will buy some of the pension assets of General Motors (NYSE: GM), many of which are large investments in U.S. public companies. (FT)
Novartis (NYSE: NVS) profits rise because of new drugs. (Bloomberg)
Douglas A. McIntyre
