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Financial News

Stocks in U.S. Rebound on Speculation Bank-Rescue Package Will Be Approved U.S. stocks jumped the most in six years as growing expectations that lawmakers will salvage a $700 billion bank-rescue package helped the Standard & Poor's 500 Index recover more than half of yesterday's 8.8 percent plunge.

Asian Stocks, Futures Jump on Speculation U.S. Will Save Bank Rescue Plan Asian stocks and futures rose as speculation lawmakers will salvage a $700 billion bank-rescue package spurred a rally in U.S. shares.

Euro Trades Near Lowest in Two Weeks Versus Dollar as Bank Bailouts Spread The euro traded near a two-week low against the dollar on speculation governments will bail out more European banks after France and Belgium led a state-backed rescue of Dexia SA.

SEC, FASB Likely to Resist Calls to Suspend Fair-Value Rules on Accounting The U.S. Securities and Exchange Commission probably will resist calls to suspend the fair-value accounting rules that some members of Congress blame for exacerbating the global financial crisis, people familiar with the matter said.

UBS Plans to Eliminate 1,900 Jobs in Investment Banking, Trading Divisions UBS AG, the European bank with the biggest losses from the credit crisis, may announce plans to eliminate about 1,900 jobs in its investment banking, equities, and fixed income units at its Oct. 2 shareholder meeting, two people with knowledge of the matter said.

Oil Plunges Most in 17 Years in Third Quarter as Economic Woes Curb Demand Crude oil futures plunged 28 percent in the third quarter, their biggest decline since 1991, amid concern that slowing economic growth will curtail global demand and as the dollar advanced.

General News

Senate Democrats, Republicans Agree to Vote on Bank Bailout Plan Tomorrow Senate Democrats and Republicans have agreed to hold a vote tomorrow on a $700 billion financial- rescue plan amid evidence voters and lawmakers regretted yesterday's U.S. House vote to kill the bailout.

Cameron to Say `Character and Judgment' Trump Brown's `Experience' in U.K. Conservative leader David Cameron plans to refute U.K. Prime Minister Gordon Brown's suggestion that he's a ``novice'' by saying the government's leadership needs character and judgment more than experience.

Hormone Replacement Therapy Doesn't Raise Heart-Attack Risk, Study Finds Women taking hormone replacements didn't have a higher risk of heart attacks as long as they avoided daily doses of both estrogen and progesterone, according to a study of a range of treatments used by almost 700,000 women.

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