Financial news on October 09, 2010
Business and Financial news
Hewlett-Packard’s board, which ousted its former chief executives for ethical lapses, may have ignored an ethical issue involving its new chief executive. Read more..
Title insurance might feel like a tax during the home-buying process, but the questions now surrounding foreclosures have made its importance crystal-clear. Read more..
After more than three years of using AT&T networks, Apple is said to be making an iPhone 4 for Verizon. Read more..
Zhou Xiaochuan, the governor of the People’s Bank of China, said that China “needs a market-based exchange-rate regime” but “in a gradual way rather than shock therapy.” Read more..
Prime Minister Wen Jiabao denied imposing bans on exports of industrial minerals for political purposes. Read more..
The scaling back in flights reflects a more timid — and perhaps chastened — industry than in previous decades. Read more..
The action by Bank of America is likely to increase pressure on lenders to declare their own moratoriums. Read more..
The United States economy lost 95,000 nonfarm jobs in September, the result of a decline in government jobs at all levels. Read more..
Draft guidelines say bankers should not receive more than half of their bonuses in cash. Read more..
The United Arab Emirates said it had reached an agreement with the device’s maker, Research In Motion. Read more..