For stocks, summer ends with jobs data
The last week of summer could prove to be anything but relaxing for stock investors worried about the economy, with the crucial August jobs report on the agenda. Read Full Article here.
Funds of hedge funds fight back after Madoff
The fund of hedge funds industry is being forced to reinvent itself after the Madoff scandal and hefty client outflows, and will emerge from the crisis smaller but in better shape than many had expected. Read Full Article here.
GM to form China venture, invest $293 million
General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million). Read Full Article here.
Japan opposition crushes LDP in historic election
Japanese voters swept the opposition to a historic victory in an election on Sunday, ousting the long-ruling conservative party and handing the novice Democrats the job of reviving a struggling economy. Read Full Article here.
Rep. Frank eyes Fed audit, emergency lending curbs
Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, said he plans legislation to restrict the Federal Reserve's emergency lending powers and subject the central bank to a complete audit. Read Full Article here.
Lehman claims could reach $100 billion: PwC
Administrators of the London arm of Lehman Brothers said the claims it is handling against the collapsed Wall Street bank could total as much as $100 billion. Read Full Article here.
Swiss banking execs eye UBS tax dispute fallout: report
Executives at Swiss banks Julius Baer and Credit Suisse expect to avoid a U.S. tax investigation into their private banking businesses on the same scale as their peer UBS , they told The Financial Times on Sunday. Read Full Article here.
Merkel party ally urges delay in Opel decision: report
A member of German chancellor Angela Merkel's conservative party has pushed for a delay of the decision about the fate of General Motors' European unit Opel until after Germany's federal elections, a newspaper said. Read Full Article here.
Citi investors should take profits: Barron's
Investors that bought Citigroup Inc shares should take profits after the U.S. bank's shares climbed almost 100 percent in the last month, Barron's said in its August 31 edition. Read Full Article here.
AIG shares look overpriced: Barron's
Shares of insurance giant American International Group soared more than 50 percent last week and they now look overpriced, Barron's said in its August 31 edition. Read Full Article here.