Bloomberg:
- US demand for international stocks this year may be the highest in more than 20 years, based on mutual-fund flows. The growth has led to concern that gains in markets worldwide have peaked.
- Shares of Doral Financial, Puerto Rico’s largest mortgage lender, plunged after the company disclosed late yesterday that the SEC is conducting a formal probe into an earnings restatement.
- CBS News President Andrew Heyward will step down after almost 10 years and will be replaced by CBS Sports chief Sean McManus.
Wall Street Journal:
- Lockheed Martin is part of a group of companies that may make a takeover offer for Computer Sciences.
- EarthLink and SK Telecom, South Korea’s leading wireless provider, plan to start a cell-phone and data service in the US.
- Ford Motor is trying to improve its internal knowledge of gasoline-electric engine technology so it can ensure its ability to produce hybrid engines to compete against Toyota Motor, maker of Prius hybrid cars.
- The Gulf Coast hurricane season, which has left hundreds of thousands of US citizens homeless, means a bonanza for makers of motorized mobile homes.
NY Times:
- There has been a “significant” increase in the number of first-time buyers of commercial real estate in the US as people seek higher return on investment.
- Billionaire investor Wilbur Ross plans to take advantage of cheaper prices to acquire ailing auto-parts businesses and combine them into a stronger company.
Washington Post:
- The US State Department issued final rules for putting electronic identification chips into all US passports.
Boston Globe:
- The median price of a single-family home in Massachusetts fell 4% to $360,000 in September, the first monthly decline since February.
AP:
- Democratic Senator Jon Corzine’s New Jersey gubernatorial campaign ad that features a paralyzed man criticizing Republican Doug Forrester for his views on stem-cell research has drawn negative comments.
Al-Ahram:
- Egypt has started pumping oil from one of three offshore fields in the Gulf of Suez that have reserves of up to 70 million barrels, citing Petroleum Minister Sameh Fahmy.
INA:
- Iranian President Mahmoud Ahmadinejad called Israel’s withdrawal from Gaza a “trick” and said the Islamic world would “wipe Israel away.”
No comments:
Post a Comment