Bloomberg:
- Lehman Brothers(LEH), buoyed by stock and bond trading in the third quarter, extending the longest streak of earnings gains on Wall Street.
- US homebuilders’ shares gained this week, led by KB Home(KBH), Hovnanian(HOV) and Pulte Homes(PHM), as investors bought on expectations of a rebound.
- Global investment in real estate may increase 26% to $600 billion this year, according to Jones Lang LaSalle.
- Peruvian stocks became the world’s best performers this year as metals prices soared. A slump in silver, gold, copper and zinc, whose producers account for half the trading on the Lima exchange, may end the five-year rally.
- Mortgage applications in the US rose last week to the highest level in more than three months after a recent decline in borrowing costs spurred home buying.
- France, whose lenders account for 24% of bank loans to Iran, may reject a US campaign to sever financial ties with the Middle Eastern nation.
Wall Street Journal:
- ESPN drew a network record 12.6 million viewers for the first game of its opening National Football League doubleheader two nights ago, citing Nielsen Media Research.
- Goldman Sachs Group’s(GS) Global Alpha fund, a hedge fund offered to the investment bank’s wealthiest clients, lost nearly 10% of its value in August.
- Some celestial beings in the hedge-fund firmament are being made to seem all-too-human this year.
- Bristol-Myers Squibb’s(BMY) appointment of James Cornelius as interim CEO has spurred conjecture that the company is seeking to be acquired.
- Hitachi Ltd. developed the ability to store 345 gigabits, or billions of bits, of data per square inch on a disk drive, 212 gigabits more than the current maximum.
NY Times:
- The American Medical Assoc., which has never before demanded regulation of a food ingredient, in June called on the FDA to regulate salt.
NY Post:
- The New York Board of Trade’s board of governors is expected to agree today to be bought by Intercontinental Exchange(ICE) for about $1 billion.
LA Times:
- Nine major US ports received a record amount of cargo in July, citing Global Insight.
Star-Ledger:
- Red Bull GmbH and Anschutz Entertainment Group are building a $220 million stadium for the NY Red Bulls, a soccer team named for the energy-drink maker.
Financial Times:
- The US auto-parts industry is showing some signs of life.
La Tribune:
- The French government is considering a “social tax” on stock options to “raise funds” for its 2007 budget.
Milliyet:
- The IMF said Turkey and other emerging markets could face a second capital flight of the kind that caused the lira to slump in May and June.
China Land and Resources News:
- China discovered one super-size and three smaller lead and zinc mines in the central Henan province. The discovery is the biggest by reserves in decades.
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