Bloomberg:
- A surge in stock sales and mergers made for the best third quarter ever for investment bankers.
- The US dollar is rising to the highest in 16 months against the yen after the Bank of Japan’s Tankan survey showed business confidence rose less than economists expected.
- RH Donnelley Corp., a publisher of yellow pages telephone directories, agreed to buy Dex Media for $4.2 billion to expand in new markets in the Midwestern US.
- Gasoline prices are falling even as traders worry over US refineries that remain shut from the hurricanes and French facilities that are closed because of union strikes.
- US Energy Secretary Bodman said the US government will help Americans conserve energy in their homes and businesses to east the pain of record natural gas and heating oil prices this winter.
- US Treasuries are falling after an industry report showed manufacturing growth in September unexpectedly accelerated after Hurricane Katrina.
- President Bush chose White House Counsel Harriet Miers to succeed Sandra Day O’Connor on the Supreme Court.
Wall Street Journal:
- US companies have announced plans to bring home $206.2 billion of foreign profits so far this year, spurred on by a one-year tax concession.
- EBay’s $2.6 billion purchase of Skype Technologies SA has been met with a chilly reception from investors.
- The LA Times has turned to shorter reporting, more regional stories, and coverage of celebrities to boost years of sagging circulation and advertising.
- Europe is seeing a head of steam developing for the idea of a flat-rate tax on income, to be paid by all citizens, rich and poor.
NY Post:
- Retailers gearing up for the coming holiday season are cutting prices on some popular toys to lure customers facing higher gasoline prices and a hurricane-damaged economy.
- Marine Corps recruiters in NY are using craigslist.com, a free Internet posting service, to help attract enlistees, citing military officials.
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