As It Happens

CTV.ca
Local reaction mixed to bailout
Columbia Daily Herald - 50 minutes ago
By D. FRANK SMITH/dfsmith@c-dh.net Opinions on Main Street were mixed after the approval of a controversial $700-billion bailout plan for Wall Street.
Video: Bush Pledges to Quickly Sign Bailout Bill AssociatedPress
House Reverses Field, Votes 'Yes' on Bailout BusinessWeek
Washington Post - BBC News - New York Times - InvestmentNews
all 2,018 news articles

BBC News
Hypo Real Gets EU50 Billion Government-Led Bailout (Update1)
Bloomberg - 1 hour ago
By Brian Parkin and Oliver Suess Oct. 6 (Bloomberg) -- The German government and the country's banks and insurers agreed on a 50 billion euro ($68 billion) rescue package for commercial property lender Hypo Real Estate Holding AG after an earlier ...
Germany moves to rescue Hypo Real Estate - report MarketWatch
German govt, banks agree on Hypo Real Estate rescue Reuters
TheStreet.com - SunHerald.com - Voice of America
all 578 news articles

Thanh Nien Daily
UPDATE 1-ECB's Nowotny sees reasons for more expansive policy
Reuters - 1 hour ago
VIENNA, Oct 5 (Reuters) - European Central Bank Governing Council member Ewald Nowotny said on Sunday that falling inflation and a slowdown in growth were reasons for the ECB to think about a more expansive monetary policy.
Video: JC Trichet - ECB: no US-style bailout plan for Europe france24english
Prospect Fades for Joint EU Bank Bailout BusinessWeek
Forbes - guardian.co.uk - Economist - MarketWatch
all 1,295 news articles

Wachovia, Citigroup in Federal Court Over Wells Bid (Update1)
Bloomberg - 1 hour ago
By Patricia Hurtado and David Glovin Oct. 5 (Bloomberg) -- Wachovia Corp. asked a federal judge to let a takeover offer from Wells Fargo & Co.
Video: Wachovia Calls Order Blocking Sale 'invalid' AssociatedPress
UPDATE 6-Wachovia pursues Wells Fargo deal, Citi intervenes Reuters
Wall Street Journal - Seeking Alpha - The Associated Press - Money Morning
all 5,326 news articles

New York Times
Sinking feeling as fall in US jobs spreads
Financial Times - 2 hours ago
By James Politi in Washington JPMorgan economists have compared the US labour market with a boat sailing through rough seas over the past few months.
Video: Economy Sheds Most Jobs Since 2003 AssociatedPress
159000 Jobs Lost in September, the Worst Month in Five Years New York Times
BusinessWeek - The Associated Press - Bloomberg - Wall Street Journal
all 1,173 news articles

Ars Technica
WiMax Boosters See Opportunity in the Air
PC World - 3 hours ago
Looking at the state of broadband Internet access globally, the WiMax Forum believes it is sitting pretty. In general numbers, out of 6 billion people on Earth, about 3 billion now use mobile phones and a billion or so are connected to the Internet.
WiMax launch in Baltimore provides momentum for Sprint Kansas City Star
WiMax Pushes Out Of The Nest In Baltimore Multichannel News
TG Daily - CNET News - NetworkWorld.com - Ars Technica
all 24 news articles

Enews 2.0
Debt relief for woman, 90, who shot herself to escape eviction
The Standard - 3 hours ago
Mortgage finance giant Fannie Mae says it will write off the debt of a 90-year-old woman who shot herself in the chest as sheriff's deputies tried to evict her.
90-Year-Old Facing EvictionTries To Commit Suicide NBC13.com
Fannie Mae won't foreclose on Ohioan who shot self WTTE
ireport - Reuters
all 498 news articles

KazMunaiGas To Develop N Block With ConocoPhillips, Mubadala
CNNMoney.com - 5 hours ago
ALMATY, Kazakhstan -(Dow Jones)- Kazakh state oil and gas company KazMunaiGas, or KMG, said Sunday it has signed a memorandum of understanding with ConocoPhillips (COP) and Mubadala Development Company for joint exploration and production of the N ...
UAE's Mubadala, Conoco agree Kazakh deal Reuters
ConocoPhillips, Abu Dhabi win Kazakh oil rights International Herald Tribune
GulfNews
all 28 news articles

Reuters
Lehman's Fuld to testify at congressional hearing
Reuters - 5 hours ago
By Bill Berkrot NEW YORK (Reuters) - Disgraced CEO Richard Fuld, who oversaw the demise of venerable Lehman Brothers Holdings Inc that helped tip the credit crunch into a full-blown crisis, will testify at a congressional hearing this week.
Lehman CEO Fuld to testify at House hearing MarketWatch
Fuld May Blame Confidence Crisis for Lehman's Fall at Hearing Bloomberg
CNNMoney.com - Financial Times (subscription)
all 25 news articles

Sky News
Dubai aims to top its own world's tallest tower
International Herald Tribune - 7 hours ago
AP DUBAI, United Arab Emirates: With its world's tallest building nearing completion, Dubai said Sunday it is embarking on an even more ambitious skyscraper: one that will soar more than a kilometer into the air.
Dubai now aims for kilometre-tall tower AFP
Dubai real estate developer to build world's tallest building Xinhua
Gulf Daily News - Metro - Khaleej Times - GulfNews
all 145 news articles

Boston Globe
Taiwan Regulator Says AIG's Units Have Sound Fundamentals
CNNMoney.com - 7 hours ago
TAIPEI -(Dow Jones)- Taiwan's Financial Supervisory Commission said late Sunday the three investment units of American International Group Inc. (AIG) on the island have sound fundamentals, but it will monitor their operations closely.
AIG puts many businesses up for sale to repay Fed MarketWatch
AIG Decides Its Too Big To Succeed Forbes
Reuters - Houston Chronicle - The Associated Press
all 837 news articles

Times Online
Iceland in talks on rescue plan for troubled banks
MarketWatch - 8 hours ago
By Polya Lesova, MarketWatch NEW YORK (MarketWatch) -- A week after nationalizing one of its major banks, Iceland's government is said to be in talks with the central bank and leaders of its top pension funds to hammer out a plan to rescue its ...
Iceland in Talks, Won't Comment on Reported $14 Billion Bailout Bloomberg
Iceland stability plan in works, Kaupthing says sound guardian.co.uk
Wall Street Journal - BBC News - Times Online - The Associated Press
all 175 news articles

eFluxMedia
Has Steve Jobs built a secret MacBook factory?
CNNMoney.com - 11 hours ago
”I’m as proud of the factory as I am of the computer,” Steve Jobs told Fortune 18 years ago, describing the 40000-square-foot plant he had constructed in Fremont, Calif.
Apple’s Brick is a New, “Game Changer” Manufacturing Process eFluxMedia
Apple cures the common cold and other stuff CNET News
Technologizer - VentureBeat - Computerworld - Mac Rumors
all 10 news articles

Honeywell sees more business-jet sales in `08, `09
MarketWatch - 13 hours ago
By MarketWatch TEL AVIV (MarketWatch) - Honeywell's aerospace division projects the business-jet industry's sales of new planes will rise in 2009, marking what would be the sixth straight year of increases after the sector's last slowdown.
Honeywell: World Demand For Business Jets Continues to Boom Wall Street Journal
Global Business-Jet Deliveries May Hit Record 1400, Then Drop Bloomberg
CNNMoney.com - Flight International - Reuters - AHN
all 52 news articles

Seattle Times
An Ugly Market's Lessons for Investors
Wall Street Journal - 19 hours ago
By SHEFALI ANAND It's been almost a year -- a long and painful year for investors -- since stock-market benchmarks including the Dow Jones Industrial Average hit record highs last Oct. 9. The stormy markets since then have caused much upheaval for ...
Money-market fund providers seek guarantees CNNMoney.com
Manager of buck-breaking fund liquidates another BusinessWeek
Norwalk Advocate - MarketWatch - guardian.co.uk - Reuters
all 131 news articles

Seattle Post Intelligencer
Out on bail, Castroneves wins at Road Atlanta
International Herald Tribune - 20 hours ago
AP BRASELTON, Georgia: Brazilian driver Helio Castroneves was back behind the wheel on Saturday, a day after the two-time Indianapolis 500 winner pleaded not guilty on tax evasion charges.
Helio Castroneves Wins Race Despite Legal Woes Access Hollywood
Penske, pals blindsided by Castroneves' troubles USA Today
AHN - Reality TV Magazine - AutoWeek - The Associated Press
all 1,348 news articles

CTV.ca
CNN's Citizen Journalism Goes `Awry' With False Report on Jobs
Bloomberg - Oct 4, 2008
By James Callan Oct. 4 (Bloomberg) -- CNN's plunge into online citizen- journalism backfired yesterday when the cable-news outlet posted what turned out to be a bogus report claiming that Apple Inc. Chief Executive Officer Steve Jobs had suffered a ...
Steve Jobs rumor: What can the SEC do? CNNMoney.com
SEC Investigates Web Report on Apple New York Times
Forbes - ireport - iPhone, Therefore I Blog - Chicago Tribune Blog - San Francisco Chronicle
all 420 news articles

General Growth Properties Staggers Under Debt Load
BusinessWeek - Oct 4, 2008
by Joseph Weber General Growth Properties (GGP), the nation's No. 2 shopping mall company, may soon become the next giant felled by the credit crunch.
General Growth replaces CFO, stock up 27 percent CNNMoney.com
General Growth Properties Announces Executive Change and Dividend ... MarketWatch
Wall Street Journal - Baltimore Sun - AHN - Reuters
all 70 news articles

Wall Street Journal
The Corner Bank, and What Comes Next
New York Times - Oct 3, 2008
Mark Lennihan/AP By JAKE MOONEY IT may be hard to remember or believe, but there was a time, not so long ago, when New Yorkers’ main complaint about bank branches was that there were not enough of them.
WaMu bankruptcy hearing opens with a $5 bln question Reuters
Rotella, other WaMu execs out after JPMorgan Chase purchase Bizjournals.com
Seattle Times - HeraldNet - NPR - Albany Times Union
all 388 news articles

Hürriyet
IMF Says US Faces `Sharp Downturn' as Market Crisis Worsens
Bloomberg - Oct 2, 2008
By Christopher Swann Oct. 2 (Bloomberg) -- The US may fall into a recession as the financial rout deepens, the International Monetary Fund said in its most pessimistic outlook for the world's largest economy since the credit crisis began last year.
IMF directors want Kenya to cut down on spending Business Daily Africa
IMF cuts Portugal growth forecast sharply guardian.co.uk
MarketWatch - International Herald Tribune - Hürriyet - Antara
all 204 news articles