World stock markets hit 15-month lows. (Reuters)
Apple (NASDAQ: AAPL) to launch the iPhone 5 as competition grows from Google’s (NASDAQ: GOOG) Android. (Reuters)
China warns of a trade war if Congress passes a currency manipulation bill. (Reuters)
Greek debt holders may have to take more write-downs than planned. (Reuters)
Greece faces a nearly impossible task to turn around its economy. (Reuters)
Apple rejects a deal with Samsung to end their battle over tablet PCs in Australia. (Reuters)
Hewlett-Packard (NYSE: HPQ) completes acquisition of Autonomy. (Reuters)
UBS (NYSE: UBS) forecasts a Q3 profit. (Reuters)
Pharmaceutical Product Development (NASDAQ: PPDI) to go private. (Reuters)
U.S. stocks near bear territory. (WSJ)
Citigroup (NYSE: C) has trouble with the sale of the balance of its “bad bank” assets. (WSJ)
Sprint-Nextel (NYSE: S) will bet much of its future on a deal to distribute the iPhone. (WSJ)
A new federal program will allow people who lived in foreclosed homes to see if their banks acted properly. (WSJ)
AMR (NYSE: AMR) plunges on reports it may go bankrupt. (WSJ)
A new hormone may treat autism. (WSJ)
Adobe (NASDAQ: ADBE) to begin more work on cloud computing and a presence on tablets. (WSJ)
The White House approves plans for oil drilling north of Alaska. (WSJ)
The UK Treasury will buy bonds to help the economy. (WSJ)
September auto sales rise as expected. (WSJ)
The chief marketing officer at Target (NYSE: TGT), Michael Francis, to move to JCPenney (NYSE: JCP). (WSJ)
More criticism emerges about life insurance policies held as collateral for high interest loans. (WSJ)
Yum! Brands (NYSE: YUM) sales in China continue to rise rapidly. (WSJ)
Mitsubishi UFJ Financial Group, Morgan Stanley’s (NYSE: MS) largest shareholder, offers support of the company. (WSJ)
An increase in the EFSF bailout fund may not be enough to quell fears about EU debt. (WSJ)
Fannie Mae may have known about mortgage abuses earlier than previously believed. (NYT)
Yahoo! (NASDAQ: YHOO) sets a broad content deal with Disney’s (NYSE: DIS) ABC. (NYT)
Molycorp (NYSE: MCP) makes a rare earth discovery in California. (NYT)
Eurozone ministers meet to discuss budget problems in Greece. (FT)
Starbucks (NASDAQ: SBUX) asks people to contribute to a program to create jobs at other companies. (FT)
The EU may ask bondholders to take deep losses from a Greek restructuring. (Bloomberg)
Goldman Sachs (NYSE: GS) cuts global GDP forecasts and says it expects recessions in Germany and France. (Bloomberg)
Microsoft’s (NASDAQ: MSFT) Steve Ballmer receives half of his maximum bonus. (Bloomberg)
Douglas A. McIntyre
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