Dow hits 10,000 mark on earnings optimism
The Dow industrials broke through the 10,000 level on Wednesday for the first time in a year on better-than-expected company results and U.S. retail sales data. Read Full Article here.
U.S. proposes safety fines against UAL, USAir
U.S. aviation regulators proposed on Wednesday $9.2 million of combined safety-related fines against US Airways Group and UAL Corp's United Airlines , officials said. Read Full Article here.
Wal-Mart takes inexpensive mobile plans nationwide
Wal-Mart Stores Inc is expanding an offering of cut-price mobile services nationwide, putting further pressure on rivals such as Leap Wireless International Inc and MetroPCS. Read Full Article here.
Ex-Bear fund managers lied to investors: U.S.
Two former Bear Stearns Cos managers whose hedge funds collapsed early in the financial crisis lied to investors to save their bonuses and reputations, a U.S. prosecutor said on Wednesday. Read Full Article here.
Retail sales hint at improving consumer demand
U.S. retail sales excluding auto purchases rose for a second month in September, raising cautious optimism consumer spending could support the economy's fledgling recovery from the worst recession since the 1930s. Read Full Article here.
Calpers probes fees paid in pay-to-play deal
Calpers said it was probing the fees outside money managers had been paying to win business with the largest U.S. pension fund, adding a new dimension to a wider review of so-called pay-to-play schemes. Read Full Article here.
Two Madoff victims file lawsuit against the SEC
Two victims of Bernard Madoff's Ponzi scheme filed a federal lawsuit against the U.S. Securities and Exchange Commission on Wednesday, seeking at least the $2.4 million they lost in the fraud. Read Full Article here.