Archive for November 6th, 2009

Stocks eye retailers as jobless ranks swell (Reuters)

Friday, November 6th, 2009

Preet Bharara, US Attorney for the Southern District of New York, speaks at a press conference. Law enforcement officials in New York announced charges against 14 people in a widening probe into the largest ever alleged hedge-fund insider trading scheme on Wall Street.(AFP/Getty Images/Mario Tama)Reuters – As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.

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Obama administration would talk to North Korea: aide (Reuters)

Friday, November 6th, 2009

Reuters – The Obama administration would be willing to hold bilateral talks with North Korea but only if certain conditions were met, the president’s top adviser on Asia said on Friday.

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Nominee for Haitian PM clears first hurdle (AP)

Friday, November 6th, 2009

AP – Haitian senators have taken a key first step toward replacing the prime minister they ousted a week ago.

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Rifts appear ahead of G20 meeting

Friday, November 6th, 2009

Disputes over climate change and stimulus spending have emerged ahead of a G20 meeting in St Andrews in Fife.

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Iraq again seeks international bombing probe (AP)

Friday, November 6th, 2009

This undated photo released by Carlos Pena shows Francheska Velez, 21, of Chicago. Velez was one of the victims killed when an Army psychiatrist allegedly opened fire at Fort Hood, Texas on Thursday, Nov. 5, 2009. Her father, Juan Guillermo Velez, says she only recently returned from deployment in Iraq. She was preparing to come home because she was pregnant.  (AP Photo/Carlos Pena)AP – Iraq’s foreign minister has reiterated his country’s request for a high-level international envoy to investigate the extent of foreign involvement in recent bombings of government institutions.

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SEC inquiry could lead to Fla. oversight changes (AP)

Friday, November 6th, 2009

AP – Two top Florida Democrats want changes to the makeup of the board that oversees Florida’s $130 billion investment portfolio now under scrutiny from the U.S. Securities and Exchange Commission.

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Fortress Investment posts wider 3rd-qtr loss (AP)

Friday, November 6th, 2009

AP – Alternative asset manager Fortress Investment Group LLC said Friday its third-quarter loss deepened as it cut expenses and recorded a big gain on affiliate investments.

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AIG posts 2nd consecutive quarterly profit (AP)

Friday, November 6th, 2009

FILE - In this March 17, 2009 file photo, an AIG office building is shown in New York. AIG said Friday, Nov. 6, 2009, it was profitable for the second straight quarter as its core insurance operations continue to stabilize after being bailed out by the government last year. (AP Photo/Mark Lennihan, file)AP – AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company’s bailout by the government last year.

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Blackstone profit tops view; sees more deals ahead (Reuters)

Friday, November 6th, 2009

Reuters – Private equity firm Blackstone Group LP posted a forecast-beating quarterly profit on Friday and said it is gearing up for more deals and IPOs as the lending and equity markets recover.

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Blackstone Group posts narrower 3rd-quarter loss (AP)

Friday, November 6th, 2009

AP – Hedge fund and private equity firm The Blackstone Group LP on Friday posted a narrower loss for the third quarter, as its private equity holdings gained value and its real estate investments stabilized.

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