Fed officials: Economy mending, but weakness persists
Federal Reserve officials said on Thursday that while the recession-battered economy is on the mend, it will be weak for a while and the Fed is likely to keep its extensive support policies in place for a while. Read Full Article here.
BofA directors considering short-term CEO: report
Bank of America's board of directors is looking at hiring a short-term chief executive from outside the bank to give internal candidates more time to develop, the Wall Street Journal reported on Thursday. Read Full Article here.
U.S. September auto sales plunge; GM, Chrysler hit hard
U.S. auto sales tumbled by 23 percent in September as showrooms emptied after the government-funded boom from the cash for clunkers program, with General Motors Co and Chrysler hardest-hit. Read Full Article here.
Wall Street has worst day in 3 months as Q4 begins
The Dow and S&P 500 suffered their worst one-day fall in three months on Thursday after economic reports fueled fears about the recovery's strength. Read Full Article here.
GE talks to Comcast about NBC Universal: sources
A deal between Comcast Corp and General Electric Co for NBC Universal would seem a storybook match -- one wants in to the media business and the other may be well-served to get out. Read Full Article here.
Fed backing for council seen boosting reform chances
Congressional approval of an Obama administration plan to create a systemic risk regulator for the U.S. economy looks more likely after lawmakers noted a change in tone by the Federal Reserve on Thursday. Read Full Article here.
North American pro sports leagues in a twitter over tweeting
North America's professional sports leagues are all a twitter over tweeting and have pushed through guidelines to ban player access to social networking sites during games. Read Full Article here.