China economy surprisingly strong; policy intact
Chinese industrial output and other economic data surprised on the upside in August, suggesting its recovery is on a solid course but not so strong that Beijing will need to hit the policy brakes anytime soon. Read Full Article here.
Geithner says less need for government in markets
U.S. Treasury Secretary Timothy Geithner said Thursday a strengthening economy means the government can end some of the extraordinary support it put in place for markets and prepare for a slow recovery. Read Full Article here.
Morgan Stanley CEO Mack to be replaced by Gorman
Morgan Stanley Chief Executive John Mack is stepping down and will be replaced by retail brokerage head James Gorman, signaling the storied bank is embracing stable businesses after losing big on risky ones. Read Full Article here.
Flu pandemic giving tiny companies big stage
Tiny companies with big ideas for making flu vaccines have captured the attention of investors and governments looking for a quicker way to make a vaccine against the pandemic of swine flu. Read Full Article here.
JPMorgan steps up lending, eyes real estate
JPMorgan Chase & Co is expanding its U.S. commercial banking business, even amid the recession, and is considering a return to commercial real estate next year. Read Full Article here.
Opel workers, politicians seek Magna deal answers
Workers at Opel, German politicians and customers of Canada's Magna expressed concern on Friday about whether General Motors' decision to sell a majority of Opel to Magna and Russia's Sberbank will turn out to be a favorable deal. Read Full Article here.