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Business - Top Stories latest news



Banking Arena Has a Lot to Clean Up
We prefer those with low exposure to housing/real estate loans and/or which derive a significant portion of their earnings from fee-based sources. Stay away from KEY, NCC, ZION, CMA and WL.
Zacks Wednesday, October 15, 2008

Asia stocks slip as global recession fears rise
HONG KONG (Reuters) - Most Asian stock markets fell 1-3 percent while gold rose on Wednesday on investor worries of lower corporate earnings in a weakening global economy, even as money markets continued to heal gradually.
Reuters Wednesday, October 15, 2008

Dupuis scores dramatic OT goal for Penguins
The Pittsburgh Penguins won with a goal in the nick of time. Scored by none other than ... Pascal Dupuis? OK, so not every big goal this season is going to come from Sidney Crosby. In fact, they haven't gotten any goals from him yet, and only one from co-star...
San Francisco Chronicle Wednesday, October 15, 2008

Gitmo lawyer consulted priest on trials' fairness
Struggling with orders to prosecute a young detainee at Guantanamo Bay, Army Lt. Col. Darrel Vandeveld went online and consulted a priest for help with his concerns about the fairness of the military tribunals. Vandeveld described a crisis of conscience over...
San Francisco Chronicle Wednesday, October 15, 2008

Intel profit up 12 percent, future unsure
Intel Corp.'s third-quarter profit rose 12 percent, edging past wall street's estimates, but the chipmaker cautioned that the pall the financial crisis has cast over the technology sector makes it hard to predict its results for the current period. The...
San Francisco Chronicle Wednesday, October 15, 2008

Fed officials see recession risk but no rate cut need (Reuters)
Reuters - A pair of top Federal Reserve officials on Tuesday highlighted risks to the U.S. economy from the global credit crisis and liquidity squeeze, but did not hint at more interest rate cuts as a solution.
yahoo.com Wednesday, October 15, 2008

Hedge Funds: How the Smart Money Looked Dumb
The market downturn hasn't just been hard on ordinary investors; it has also hurt the high flyers
Time Wednesday, October 15, 2008

Testing Google's Drunk E-Mail Protector
Can Google protect us from ill-advised emailing? TIME's reporter finds out
Time Wednesday, October 15, 2008

Although credit markets improve, anxiety lingers
NEW YORK - The government's efforts to crank open the credit markets have led to some mild improvements in lending rates and Treasury bill yields. But it will probably take months, and perhaps a few years, before lending returns to healthier levels.
The Salt Lake Tribune Wednesday, October 15, 2008

Sources: US, Iraq take security pact to leaders
U.S. and Iraqi negotiators have agreed on a draft security pact that would govern the presence of American troops in Iraq after January, Bush administration officials say, but its final approval is far from certain. The draft calls for U.S. troops to pull out...
San Francisco Chronicle Wednesday, October 15, 2008

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