Financial news on October 2nd, 2010
Business and Financial news
The reverse mortgage product known as the Saver will nearly eliminate upfront costs, but will increase other charges. Read more..
A deal between Warner and MGM could allow the director to begin shooting J. R. R. Tolkien’s “Hobbit” next year. Read more..
General Motors has reduced the expected size of its initial public offering from $12 billion to $8 billion, as the automaker faces difficult market conditions, The Financial Times reported. Read more..
Some executives offered job opportunities in new cities encounter daunting problems when trying to sell one house and buying a new home in a bad housing market. Read more..
The Fed appears increasingly likely to resume large-scale purchases of Treasury securities after the Nov. 2 midterm elections. Read more..
While sales were up, overall demand continued to be lower than automakers had expected it to be at this point in the recovery. Read more..
Rather than focus on a binding climate agreement, the United Nations should take a stronger role in making sure that countries promote cleaner energy sources, the former U.N. climate chief says. Read more..
A nonprofit group that complained that Pepsi had allowed organizations with political agendas to participate in its online giving contest, Pepsi Refresh, won one of the two $250,000 prizes. Read more..
The $7.1 billion deal will finance Repsol’s plan to develop offshore fields in Brazil. Read more..
A hedge fund manager who feels beat up on — and can’t imagine why — might need a reality check. Read more..