According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments.
Reuters writes that the National Retail Federation says that this will be the worst holiday season in at least six years.
Reuters reports that the head of Caterpillar (CAT) says that the financial crisis has not hurt the company’s financial arm.
Reuters reports that Toronto-Dominion looked at a bid for Washington Mutual (WM).
Reuters says that September auto sales are expected to be slower that August.
Reuters say that the CEO of AIG (AIG) will have a list of assets for sale by next week.
The Wall Street Journal reports that the Fed relaxed rules for private equity firms and private investors to take stakes in big banks.
The Wall Street Journal reports that doubts about the rescue plan pushed the dollar down and oil prices up.
The Wall Street Journal reports that auto loan firms are suffering through a period where they have little liquidity to extend credit.
The Wall Street Journal reports that the head of Circuit City (CC) left the troubled retailer.
The Wall Street Journal reports that Bristol-Myers (BMY) raised it bid for Imclone.
The Wall Street Journal writes that Microsoft’s (MSFT) shares rose on news of a huge share buyback.
The Wall Street Journal reports that NetFlix (NFLX) signed content distribution deals with Disney (DIS) and CBS (CBS) for internet viewing.
The Wall Street Journal says that thousands of community banks are trying to get in on the bailout.
The Wall Street Journal reports that New York State will begin to regulate credit default swaps.
The Wall Street Journal says that GE’s (GE) financial arm may face some problems with its real estate and loan portfolios.
The Wall Street Journal reports that T-Mobile is expected to release its new handset powered by Google (GOOG) software.
The Wall Street Journal reports the a weak economy could keep inflation down even through there will be upward pressure from the bailout plan.
The Wall Street Journal reports that credit is tightening for Ford (F) and GM (GM).
The Wall Street Journal reports that the flexibility of Honda’s (HMC) plants is turning out to be a key strategic asset.
The New York Times reports that Nvidia (NVDA) launched a series of more powerful chips.
The FT reports that Lehman (LEH) bondholders could lose $110 billion.
The FT reports that money market funds are suffering huge outflows.
The FT reports that losses on bank holding in Fannie Mae (FNM) and Freddie Mac (FRE) will be larger than expected.
Bloomberg reports that Morgan Stanley (MS) and Goldman Sachs (GS) may buy regional banks to increase their deposit bases.
Bloomberg writes that investment guru Mark Mobius says that the recession may be short and investors should look for bargains.
Bloomberg reports that Paulson may push the federal deficit to the highest level since 1954.
Douglas A. McIntyre
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