|
Latest Business News
Last updated on
Saturday, 07-Nov-2009 06:30:01 EST
News by: 
- Stocks eye retailers as jobless ranks swell
(Reuters)
 Reuters - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.
- Freddie Mac posts $5 billion loss
(Reuters)
 Reuters - Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.
- Berkshire Hathaway's net income triples
(Reuters)
 Reuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
- U.S. regulators close Gateway Bank, Prosperan Bank
(Reuters)
Reuters - Bank regulators closed Gateway Bank of St. Louis, in St. Louis, Missouri, and Prosperan Bank, of Oakdale, Minnesota, on Friday, the 118th and 119th U.S. bank to fail this year.
- U.S. closes Home Federal Savings in Detroit
(Reuters)
Reuters - Bank regulators closed Home Federal Savings Bank, of Detroit, on Friday, the 117th U.S. bank to fail this year as deteriorating loans continue to take their toll on financial institutions.
- Gold miners pull TSX out of jobs-linked funk
(Reuters)
Reuters - Toronto's main stock index ended higher for a fourth straight session on Friday as gold miners rallied around record high bullion prices, offsetting the index's fall at the outset on weak jobs data that fueled worry about economic recovery.
- Freddie Mac loses $6.3B in 3Q
(AP)
 AP - Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.
- Defense asks jury to clear ex-hedge fund managers
(AP)
AP - Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on Friday.
- Amazon shares climb on analyst's sales growth view
(AP)
AP - Shares of Amazon.com Inc. got a boost Friday after a Bernstein Research analyst upgraded the Seattle-based online retailer, expecting faster revenue growth in 2010.
|
