Archive for October 4th, 2009
Wall Street Week Ahead: Stocks may hit earnings speed bumps (Reuters)
Reuters - U.S. stocks could hit more speed bumps this week if the start of the third-quarter earnings season offers little evidence that the economic recovery is gaining strength.
Greece’s Socialists win snap poll
Greece’s opposition Socialists score a resounding win in a snap election, as the governing conservatives admit defeat.
No CommentsPope warns of ‘new colonialism’
Africa is blighted by materialism or ‘toxic spiritual rubbish’ exported by the West, the Pope tells the continent’s bishops.
No CommentsPolar bear cub hitches a ride
A cub is seen hitching a ride on its mother’s back in the Arctic Ocean, a rarely sighted behaviour that may help it keep warm.
No CommentsStocks may hit earnings speed bumps (Reuters)
Reuters - U.S. stocks could hit more speed bumps this week if the start of the third-quarter earnings season offers little evidence that the economic recovery is gaining strength.
"Too big to fail" must end for all: FDIC chief (Reuters)
Reuters - The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the “too big to fail” doctrine and shrink the shadow banking system that operates outside the reach of regulators.
BAE snubs bribe probe deal; to review file: reports (Reuters)
Reuters - BAE Systems turned down the chance to pay 300 million pounds ($477 million) to settle a bribery investigation and is seeking to review evidence against it before trying to agree a deal, newspapers reported on Sunday.
Saudi prince urges U.S. to sell Citigroup stake: report (Reuters)
Reuters - Prince Alwaleed bin Talal, a big investor in Citigroup , urged the U.S. government to sell its stake in the bank as soon as this year to boost investor confidence, Emerging Markets magazine reported.
IMF members make little headway on power shift (Reuters)
Reuters - Global finance chiefs made little headway on Sunday in overcoming long-standing disagreements over how much power rich nations should cede to major developing countries at the International Monetary Fund.
A look at economic developments around the globe (AP)
AP - A look at economic developments and activity in major stock markets around the world Friday:
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