Archive for October 22nd, 2009

Poll: US belief in global warming is cooling (AP)

Americans seem to be cooling toward global warming. Just 57 percent think there is solid evidence the world is getting warmer, down 20 points in just three years, a new poll says. And the share of people who believe pollution caused by humans is causing temperatures to rise has also taken a dip, even as the U.S. and world forums gear up for possible action against climate change.

No Comments

AIG exec defends bailout in alma mater visit (AP)

The top financial officer of insurance giant AIG defended the federal government’s $180 billion bailout of the company in a return to his alma mater.

No Comments

American Express profit beats estimates (Reuters)

American Express Co posted stronger-than-expected quarterly earnings on Thursday as the credit card company trimmed costs, consumer spending declined at a slower pace and credit losses were lower than forecasts.

No Comments

Negotiators consider public option in Senate bill (AP)

Senior Senate Democrats at work with White House officials on health care legislation are strongly considering a requirement for the federal government to sell insurance in direct competition with private industry, officials said Thursday, with individual states permitted to drop out of the system.

No Comments

AmEx reports 22 percent decline in 3Q profit (AP)

American Express Co. reported its eighth straight quarter of falling profits on Thursday as consumers spent and borrowed less.

No Comments

Economy – Thursday (Investor’s Business Daily)

U.S. may lose AAA credit rating

No Comments

Is Homebuyer Credit Worth An Extension? (Investor’s Business Daily)

Political pressure is building to extend and even expand the first-time homebuyer tax credit to all buyers. But a growing chorus of critics says…

No Comments

Wal-Mart says cuts, slower growth to be positives (AP)

Wal-Mart Stores Inc.’s CEO and President Mike Duke promised investors Thursday that the retailer’s aggressive price-cutting will not hurt its stock price, even as the company issued a modest forecast for U.S. expansion this year and next.

No Comments

U.S. cuts pay at bailed out firms, BofA hits back (Reuters)

The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country’s largest bank which claimed the cuts could send talent fleeing.

No Comments

Banks blasted by Congress, regulators in U.S., UK (Reuters)

Big banks took a beating from government on Thursday, both in the U.S. Congress where lawmakers backed tougher industry rules, and from U.S. and UK regulators who moved aggressively to restrain bankers’ pay.

No Comments