Reuters – Private equity firms Blackstone Group and Bain Capital will lead a bid for the whole of Yahoo Inc after agreeing to team up with Alibaba Group, two people familiar with the matter said on Wednesday.
Reuters – A U.S. appeals court on Wednesday sped up the review of a ruling that moved consideration of Bank of America Corp’s $8.5 billion settlement over mortgage debt to federal court from a New York state court.
AP – The economy expanded at a slow to moderate pace over the past two months in most areas of the country, but overall hiring was weak, according to a Federal Reserve survey released Wednesday.
Crude oil closed higher on Wednesday as it extends the rally off last Friday’s low. The mid range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are …
AP – The plan central banks announced Wednesday is designed to ease financial strains that threaten Europe’s common currency and may tip the global economy into recession.
Reuters – A key witness in a Nevada criminal foreclosure fraud case who was found dead on Monday apparently committed suicide, individuals close to the investigation of her death said.
AP – CONTRACTS UP: The number of Americans who signed contracts to buy homes jumped in October to its highest level in a year. The National Association of Realtors said its index for pending home sales rose to 93.3.
The greenback fell for a third consecutive day in North American trade with the Dow Jones FXCM Dollar Index (Ticker:USDollar) plummeting 1.08% on the session. News of a coordinated effort by global central banks to boost liquidity meas…
Reuters – The United Auto Workers union protested at about 75 U.S. Hyundai Motor Co dealerships on Wednesday in support of a South Korean woman who filed a sexual harassment claim against one of the automaker’s suppliers.
The 490-point jump in the Dow Jones industrial average on Wednesday was the seventh-largest one-day point gain on record. Here are the others:
Oct. 13, 2008. The Dow rose 936.42, or 11.1 percent
Oct. 28,…
