UNITED STATES

Morgan Stanley, Moody's, S&P must defend fraud claims

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A U.S. federal judge ruled that Morgan Stanley and two credit rating agencies must defend fraud charges in a class-action lawsuit accusing them of masking the risks of an investment linked to subprime mortgages, and which eventually collapsed.

Capmark in Berkshire asset deal, may go bankrupt

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Warren Buffett's Berkshire Hathaway Inc and Leucadia National Corp agreed to buy Capmark Financial Group Inc's mortgage loan and servicing business for as much as $490 million, increasing exposure to a possible U.S. housing recovery.
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Blistering report faults SEC for Madoff misses

U.S. securities regulators missed numerous red flags that may have led to Bernard Madoff's $65 billion Ponzi scheme and never did a thorough and competent probe despite complaints dating to 1992, a federal watchdog has concluded.
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Circus billionaire plans show from space

A billionaire Canadian circus entrepreneur who will visit space this month said on Wednesday he will host a live event from orbit on October 9 to promote the importance of access to clean water globally.
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OzForex Daily Commentary - 03/09/2009

Australian Dollar: The Australian Dollar has firmed once again and opens on Thursday at 0.8340 against its US counterpart. During the local session yesterday the Aussie reacted positively to the release of better than expected economic growth numbers moving to an intraday high of 0.8317.
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Former British PM Tony Blair headed to

Tony Blair, the former prime minister of Britain, will take a break from seeking peace in the Middle East to trade jokes with comedian David Letterman on his first ever
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Things You Should Know About Eating in France

The French take their food seriously. In a land of three hour dinners, afternoons spent at outdoor cafes, hundreds of different kinds of cheese and mandated 35-hour work weeks, the French seem to spend about as much time and energy eating and drinking as they do working.
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DJ AM funeral set for today

Adam Goldstein, better known as DJ AM, will be buried today in a Los Angeles Jewish cemetery according to reports from TMZ.
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Fed minutes show outlook improved in August

With risks considerably reduced that the stabilizing U.S. economy could suffer a relapse, the Federal Reserve decided to continue its emergency long-term security buying programs as promised, documents released on Wednesday showed.
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Exchanges differ on SEC-CFTC peacemaking goal

Major exchanges differed on how far U.S. securities and futures regulators should align their rules, with the world's largest - the Chicago Mercantile Exchange - arguing against a one-size-fits-all rule.
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Danaher expands in life sciences, cuts more jobs

Diversified U.S. manufacturer Danaher Corp on Wednesday announced two deals to expand its life sciences specialty instruments business, while saying it plans to cut more jobs as it accelerates its restructuring.
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Fed minutes: No need to expand, shrink asset buys

Federal Reserve officials in August believed risks to the U.S. economy had eased considerably but thought low interest rates would be needed for an extended period to bolster what would likely be at best a modest recovery, documents released on Wednesday showed.

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