MSNBC: US housing starts jumped in September http://on.msnbc.com/pxVyNE NYT: Olympus Backtracks on Payments http://nyti.ms/pAPNmD CNNMoney: Apple 2.0: Apple’s big miss: The analysts weigh in http://bit.ly/r7OZMN $AAPL FT: Olympus contradicts chairman over fees http://on.ft.com/pMpov6 …
Updated throughout the day Nomura will buy the GE (NYSE: GE) Capital unit in China (Reuters) The European Commission has taken bank records that disclose how interest rates were set (WSJ) News Corp (NYSE: NWS)…
The number of homes listed for sale in the largest cities in the country has fallen 20% in the past year, according to a report released last week by Realtor.com. While the number of…
The smartphone business was among the most attractive in the tech world until recently. That was before Microsoft (NASDAQ: MSFT) forced several makers of Google (NASDAQ: GOOG) Android-based phones to pay it royalties. It…
ChartA number of people think that the protests on Wall St. do not belong there. The real problem is in Washington, they say, where financial CEO pay could be regulated and jobs for a…
A number of Greeks have decided, perhaps correctly, that if they threaten to put their own economy into ruins the government will relent on its austerity policies. New protests have started to do a…
Moody’s downgrade of Spain puts more pressure on the EU to address its sovereign debt crisis. (Reuters) Several large shareholders may fight to oust part of the News Corp. (NYSE: NWS) board. (Reuters) Apple…
The trading day in America began with worry about a possible downgrade of France’s Aaa rating. Word that France and Germany had agreed to a bailout structure for trouble EU nations pushed markets higher…
Zerohedge: Corporate Margin Squeeze Coming As Producer Prices Soar 0.8% On Expectations Of 0.2% WSJ: U.S. wholesale prices rose across the board in September, up 0.8%. Excluding food and energy, prices rose 0.2%. FT:…
If there is any single signal that China may be in for a hard economic landing, it is the performance of the local stock markets on the mainland and in Hong Kong. China announced GDP…
So, a recession can be married with a rapid rise in inflation after all. The UK economy, crippled by the effects of austerity and a global economic slowdown, had an annual inflation rate of 5.2% in…
Six American cities are among the most innovative in the world, according to a report published Monday by 2ThinkNow, an innovation research firm. The US has the most cities considered top-tier innovators. The report catalogs…
China’s GDP growth decelerates to 9.1%. (Reuters) Concern about China growth and the EU disaster push global stocks lower. (Reuters) Federal Reserve officials argue about the future rate of inflation. (Reuters) IBM (NYSE: IBM)…
Lost to some who saw the announcement that BP (NYSE: BP) had settled claims with Anadarko (NYSE: APC) over the Deepwater Horizon explosion and subsequent leak was the fact that the UK-based oil giant will no longer have…
The ZEW Indicator of Economic Sentiment for Germany has decreased by 5.0 points in October 2011. This is the eighth decline in a row. The indicator now stands at minus 48.3 points.…
China’s slower 9.1% GDP growth and German comments which lowered expectations about an EU bailout drove stocks around the world much lower Hong Kong’s Hang Seng closed down 4.2%. The Shanghai Composite was lower…
Moody’s said its opinion of France’s financial situation is fine–for now. France keeps it Aaa rating with a stable outlook. But, “The deterioration in debt metrics and the potential for further contingent liabilities to emerge…
Newspaper companies are in deep trouble again, and it is not because of the economy exclusively. Ad dollars have moved to online media fast enough so the slide in newspaper revenues is permanent. Gannett…
Zerohedge: Empire Fed Manufacturing Misses Expectations; Hopium Ends As Future Conditions Index Lowest Since February 2009 http://www.zerohedge.com/node/439229 MSNBC: Citigroup’s net income jumps 73 percent http://on.msnbc.com/qpgJkt MarketWatch: Empire State regional factories index stays in negative…
Updated throughout the day. The board of Air France will meet to fire the carrier’s CEO (WSJ) Dell (NASDAQ: DELL) may target Citrix (NASDAQ: CTSX) and Informatica (NASDAQ: INFA) (Bloomberg) Douglas A. McIntyre