According to Reuters, profits rose 2.7% at Toyota (TM) and the company raised full-year forecasts.
Reuters writes that GM (GM) will take a $39 billion non-cash charge in Q3
Reuters reports that Nasdaq (NDAQ) will buy the Philadelphia Stock Exchange for $650 million.
Reuters said that the head of the Phildelphia Fed said the rates should not be cut unless the economy is growing much more slowly.
Reuters writes that the CEO of Walmart.com (WMT) expects strong holiday sales.
The Wall Street Journal writes that two analysts believe that Morgan Stanley (MS) will have to take a write-down of as much as $6 billion in the next quarter.
The Wall Street Journal writes that the Fitch downgrades of corporate bonds is rising.
The Wall Street Journal writes that Sony Ericsson plans its own digital music store for its handset customers.
The Wall Street Journal writes that AT&T (T) has cut forecasts of how fast it can roll out its fiber U-Verse service to compete with cable.
The New York Times writes that there are now nearly 100 billionaires in China.
The FT writes that the risk of a mortgage-backed securites fire sale is mounting.
The FT writes that oil traded over $98 in London.
The FT reports that the dollar value of failed buy-outs hit $200 billion this year, double the number last year.
Bloomberg writes that credit-default swaps on bonds of Citigroup (C)., Wachovia (WB). and Morgan Stanley are trading at the highest in at least five years on speculation the nation’s biggest banks may be forced to write down more subprime assets.
Barron’s writes that Blue Nile (NILE) earnings drove the stock higher.
Douglas A. McIntyre
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