Daily Wrap Up - Oct 29
U.S. Economy Grows Again; Geithner Sees Early Stability; Landlords See Hope
Economy returns to growth after deep slump
The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fueling an unexpectedly strong advance. Read Full Article here.
U.S. economy stabilizing, still difficulties: Geithner
U.S. Treasury Secretary Timothy Geithner on Thursday said third quarter growth figures showed the U.S. economy was stabilizing but it was in the early phase of recovery and difficulties still lay ahead. Read Full Article here.
Two big U.S. apartment owners see some hope, finally
Two of the largest U.S. apartment landlords said on Thursday they see something in their sector that's been missing for the past few years -- a little optimism about the future. Read Full Article here.
Samsung Q3 profit trebles on memory chips, LCD
Samsung Electronics, the world's top maker of memory chips and LCD screens, reported on Friday record quarterly net profit on a resurgent memory sector and brisk sales of flat screens and mobile phones. Read Full Article here.
RealNetworks back in the black, eyes Google tie-up
U.S. digital media company RealNetworks Inc swung back into the black in the third quarter as cost-cutting offset sliding revenue from music and games. Read Full Article here.
MetLife posts 3rd-quarter loss
MetLife Inc , the No. 1 U.S. life insurer, said on Thursday it posted a quarterly loss, hurt by investment losses, some of which were tied to improvement in the company's own credit spreads. Read Full Article here.
Kraft results to start Cadbury countdown
The clock will really start ticking on a deal to create the world's biggest confectioner once Kraft Foods Inc reports earnings next week. Read Full Article here.
Obama's review of Afghan war strategy nears end
U.S. military chiefs plan to present recommendations on troop strength and strategy in Afghanistan to President Barack Obama on Friday as White House deliberations reach an end stage, Pentagon officials said. Read Full Article here.
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