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Guggenheim Partners Announces the Acquisition of Investment Adviser to Claymore-Advised Funds (Business Wire)
LISLE, Ill.----Guggenheim Partners, LLC , a global diversified financial services firm, and Claymore Group Inc. , a leading provider of innovative investment products, including exchange-traded funds , closed-end funds and unit investment trusts, announce the completion of a previously-announced merger.
yahoo.com

Glass, Lewis & Co. Supports Shamrock Activist Value Fund, L.P. in Texas Industries Proxy Contest (Business Wire)
BURBANK, Calif.----Citing what it described as ??a pattern of unresponsiveness to shareholder issues? by the Texas Industries, Inc. board of directors, independent proxy advisory firm Glass, Lewis & Co. today recommended that shareholders vote the WHITE proxy card ??FOR? two of the Shamrock Activist Value Fund, L.P.??s nominees to the Texas Industries board and ??FOR? all three of the Shamrock Activist Value Fund, L.P.??s corporate governance shareholder proposals at the company??s annual meeting of shareholders scheduled for Oct. 22, 2009.
yahoo.com

Asian shares firm, yen hit by resurgent pound
HONG KONG (Reuters) - Asian shares edged higher on Friday with Japanese exporters gaining ground as a resurgent British pound put pressure on the yen, while oil hit a one-year high above $78 on news of a slump in U.S. oil inventories.
Reuters

E-Cast raises $17 million
Ecast Inc., which operates a network of touchscreen, Internet connected jukeboxes in bars and nightclubs, has raised $17 million in capital, according to a filing with the U.S. Securities and Exchange Commission.
Biz Journal

Townsend cuts wages, automatic pay hikes
Citing the difficult economy, law firm Townsend & Townsend & Crew LLP said it will cut associate salaries and in 2011 will abandon automatic pay hikes.
Biz Journal

Banks face big rise in capital holdings
New rules that require banks to do more to protect themselves against trading losses will force them to increase their total capital holdings by an average of 11.5 per cent, according to an impact study by the Basel committee on banking supervision
FT

China`s e-reader future hard to plot
Content shortfalls and piracy are among factors that may hinder western companies from venturing into the country'sgrowing market for reading electronic books on mobile devices
FT

Royal Mail `strike plan` revealed
The BBC has obtained what appears to be a Royal Mail document showing the firm is set for a battle with union members.
BBC

Firm: Calif. home sales up 1 percent from August
Tracking firm: September home sales in California rise 1 percent from August
CBS News

Bombay HC rejects winding-up case against Wockhardt
Debt-ridden pharmaceutical firm Wockhardt today claimed that a winding-up petition filed against it by one of its lenders, DBS Bank, had been rejected by the Bombay High Court.
Business Standard

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