Monthly Archives: October 2011

Allstate 3Q profit down 55 pct. on disaster claims (AP)

Written on October 31, 2011 by Editor - Business News

DES MOINES, Iowa – Allstate Corp. said its third-quarter net income fell 55 percent after natural disasters cost the insurer $1.08 billion. But Allstate said improved investment results and profit in its auto insurance segment helped offset some of the … Continue reading →

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China’s Hu says Europe can solve its economic woes (Reuters)

Written on October 31, 2011 by Editor - Business News

VIENNA (Reuters) – China believes Europe can overcome its economic problems, President Hu Jintao said on Monday, without mentioning whether Beijing will play any major role in helping to solve the euro zone’s debt crisis. Cash-rich China has already expressed … Continue reading →

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Analysis: Dollar’s many woes complicate Japan intervention (Reuters)

Written on October 31, 2011 by Editor - Business News

NEW YORK (Reuters) – When it comes to weakening the yen, currency speculators are the least of Japan’s problems. That’s because when policymakers intervene to limit yen strength, as they did Monday, they square off against a formidable array of … Continue reading →

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Anadarko has bigger loss on BP settlement (Reuters)

Written on October 31, 2011 by Editor - Business News

(Reuters) – Anadarko Petroleum Corp reported a wider quarterly loss on Monday, as the U.S. oil and gas company spent $4 billion to reach a settlement with BP Plc over that company’s Gulf of Mexico oil spill disaster last year. … Continue reading →

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MF Global collapses under euro zone bets (Reuters)

Written on October 31, 2011 by Editor - Business News

NEW YORK (Reuters) – Jon Corzine’s bid to revive his Wall Street career crashed and burned on Monday when his futures brokerage MF Global Holdings Ltd filed for bankruptcy protection following bad bets on euro zone debt. Corzine, 64, who … Continue reading →

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US home video spending up for 1st time since 2008

Written on October 31, 2011 by Editor - Finance Top Stories

SymbolPriceChangeNFLX82.08-2.06{“s” : “nflx”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} LOS ANGELES (AP) — Americans’ spending on home videos has finally emerged from the recession — helped by more purchases of higher-priced Blu-ray discs and greater outlays on cut-rate rentals from … Continue reading →

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Regions Financial, SunTrust nix debit card fees

Written on October 31, 2011 by Editor - Finance Top Stories

SymbolPriceChangeBAC6.83-0.52JPM34.76-1.93RF3.93-0.34STI19.73-0.90USB25.59-0.44{“s” : “bac,jpm,rf,sti,usb,wfc”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} Read More from the Article Source: http://us.rd.yahoo.com/finance/news/rss/story/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/*http%3A//biz.yahoo.com/ap/111031/us_suntrust_banks_debit_card_fee.html

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Ugly end to historic October on Wall Street

Written on October 31, 2011 by Editor - Finance Top Stories

SymbolPriceChangeMCO35.49-0.40{“s” : “mco”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — October is somewhat cursed for the stock market — the Crash of 1929, Black Monday in 1987, a slow-motion meltdown in 2008. This time, the demons made … Continue reading →

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World leaders aim to revive global recovery

Written on October 31, 2011 by Editor - Finance Top Stories

PARIS (AP) — World leaders will try to understand how the economy has swerved so horribly off its recovery track when they gather this week for a summit that will see a curious inversion of roles from previous meetings: Europeans … Continue reading →

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Treasury projects borrowing of $305 billion

Written on October 31, 2011 by Editor - Finance Top Stories

Treasury projects borrowing $305 billion this quarter and $541 billion in next quarter WASHINGTON (AP) — The Treasury Department is seeking to borrow $305 billion in the current quarter through December and announced plans to borrow $541 billion in the … Continue reading →

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