Fed Makes Monitoring Capital Adequacy Foremost Concern Amid Talk of Bubble Federal Reserve officials are
stepping up scrutiny of the biggest U.S. banks to ensure the
lenders can withstand a reversal of soaring global-asset prices,
according to people with knowledge of the matter.
U.S. Stocks Join Global Retreat as Dell, Horton Shares Fall; Dollar Climbs U.S. stocks fell, joining a global
retreat, as earnings at Dell Inc. and D.R. Horton Inc. trailed
analysts’ estimates and concern grew that European Central Bank
policy makers will phase out economic stimulus measures. The
dollar rose and two-year Treasury note yields fell to the lowest
level of the year as investors sought safer assets.
Unemployment Rose in 29 States Last Month; Michigan Rate Highest at 15.1% Unemployment rose in 29 U.S. states
in October, including record levels of joblessness in
California, Delaware and Florida, government figures released
today showed.
News Corp., Time Warner Said to Be Interested in Buying MGM's Film Studio News Corp., Time Warner Inc., and
Qualia Capital LLC are interested in buying the Metro-Goldwyn-
Mayer Inc. film studio, owner of the “James Bond” franchise,
according to people with knowledge of the situation.
D.R. Horton Drops Most in a Year as Homebuilder's Loss Exceeds Estimates D.R. Horton Inc., the second-largest
U.S. homebuilder, dropped the most in more than a year after
reporting a fourth-quarter loss that exceeded analysts’
estimates and saying the housing outlook remains difficult.
Cigna Seeks Chinese Expansion, Expects 2010 Earnings to Be Little Changed Cigna Corp., the U.S. health insurer
with the best-performing shares, said it will seek to expand in
China and elsewhere abroad while facing the “seismic shocks”
of a recession and health-care overhaul at home.
Mexico GDP Fell Less-Than-Forecast 6.2% in the Third Quarter From Year Ago Mexico’s economy contracted less
than analysts forecast in the third quarter and expanded from
the previous three months, signaling an end to the country’s
recession.
Argentina May Delay Defaulted Debt Swap Offer Until January, Boudou Says Argentina’s planned offer to swap as
much as $20 billion of defaulted debt to help it re-enter
international credit markets for the first time since 2001 may
be delayed until January, Economy Minister Amado Boudou said.
El Salvador's Post-Downgrade Bond Sale Costs Two Points Over Panama Issue El Salvador paid two percentage
points more than Panama in a sale of $800 million of bonds as
the Central American country tapped debt markets less than a
week after having its credit rating cut to junk.
Argentina Wheat Farmers Urge More Funds to Prevent Imminent Locust Plague Argentine wheat farmers in the
biggest producing province are urging the government to boost
funds to fight an imminent locust plague that threatens about a
fourth of the country’s crop.
Chile Peso Volatility to Dive After Best World Gain, Societe Generale Says Societe Generale is recommending
investors make bets that the Chilean peso will hover in a
“narrow” range after central bank President Jose De Gregorio
said he’s considering buying dollars to stem gains in the
world’s top-performing currency.
BHP Says Wage Negotiation at Chile Spence Mine Hinges on End of Protests BHP Billiton Ltd., the world’s
largest mining company, said it offered to resume wage talks at
its 200,000-ton-a-year Spence copper mine in Chile provided
striking workers end protests at the site.
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