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Updated 7 minutes ago

Seven Years for Guilty Hong Kong Banker

Wall Street Journal - Jonathan Cheng - ‎52 minutes ago‎
HONG KONG -- A Hong Kong judge on Friday sentenced former Morgan Stanley banker Du Jun to seven years in prison and fined him 23.3 million Hong Kong dollars ($3 million) after he was convicted of insider dealing last week.

Lloyds Considers Alternatives to UK Government's Asset Protection ...

Bloomberg - Jon Menon - ‎29 minutes ago‎
Sept. 18 (Bloomberg) -- Lloyds Banking Group Plc, the UK's biggest mortgage lender, is in discussions with the Treasury over possible alternatives to entering into a program to insure 260 billion pounds of risky assets.

Google launches exchange for display ads

guardian.co.uk - ‎46 minutes ago‎
It has already made untold profits from web search advertising, making scores of millionaires and turning its founders into some of the richest people in the world.

China Shares End Sharply Dn On Pft-Taking After 5-Wk High Thu

Wall Street Journal - ‎24 minutes ago‎
SHANGHAI (Dow Jones)--Investors took profit in steel companies and financial companies Friday as the benchmark index neared a strong technical resistance, sending China's shares sharply lower after rising to a five-week closing high Thursday.

Aiful To Ask For Debt Moratorium; Shrs Drop 27%

Wall Street Journal - Hiroyuki Kachi, Juro Osawa - ‎26 minutes ago‎
TOKYO (Dow Jones)--Ailing consumer finance company Aiful Corp. (8515.TO) lost more than a quarter of its market value Friday after it said it will ask its creditors if it can delay repayment of ...

WORLD FOREX: Dollar Down Vs Yen; US Rate Concerns Linger

Wall Street Journal - Miho Nakauchi - ‎1 hour ago‎
TOKYO (Dow Jones)--The dollar edged down against the yen in Asia Friday on Japanese exporter selling before a five-day holiday in Japan, and is expected to continue weakening next week due to expectations that US ...

American Airlines parent AMR refuels its finances

Dallas Morning News - Terry Maxon - ‎1 hour ago‎
AMR Corp. made a "show of strength" to reassure Wall Street about its finances Thursday, then unveiled realignments in its American Airlines and American Eagle route systems.

Flash Trading Halt Backed for Nasdaq, Bats as SEC Proposes Ban

Bloomberg - Whitney Kisling, Jesse Westbrook - ‎4 hours ago‎
Sept. 18 (Bloomberg) -- Nasdaq OMX Group Inc. and Bats Global Markets' decision to prohibit flash stock orders was affirmed by the Securities and Exchange Commission, which proposed banning the practice yesterday.

BNP Paribas nears exit of China ABN Amro fund-sources

Reuters - Samuel Shen, Parvathy Ullatil - ‎41 minutes ago‎
SHANGHAI/HONG KONG, Sept 18 (Reuters) - BNP Paribas, France's largest bank, is close to selling its stake in ABN AMRO TEDA Fund Management Co in China, in a step toward complying with Chinese mutual fund regulations.

Mazda to sell Mazda2 subcompact in US from late-'10

Reuters - Chang-Ran Kim - ‎35 minutes ago‎
TOKYO (Reuters) - Mazda Motor Corp (7261.T) said it would begin selling the Mazda2 hatchback in the United States toward the end of 2010, getting a late start in a segment that has held up relatively well as consumers seek cheaper and smaller cars.

GLOBAL MARKETS: European Stocks Trade Modestly Lower

Wall Street Journal - Ishaq Siddiqi - ‎17 minutes ago‎
LONDON (Dow Jones)--European stocks were modestly lower Friday, as traders paused for breath by booking some profits and buying the dollar following this week's dollar weakness and healthy gains for global ...

US gets tough on ratings agencies

BBC News - ‎2 hours ago‎
US credit rating agencies will face tighter supervision under new rules adopted by the US financial watchdog. The Securities and Exchange Commission (SEC) said agencies must disclose more information on past ratings to help investors make informed ...

Citigroup CEO says $100 mln annual pay is too much

Reuters - Dan Wilchins, Gary Hill - ‎4 hours ago‎
NEW YORK, Sept 17 (Reuters) - Citigroup (CN) Chief Executive Vikram Pandit said on Thursday that $100 million is too much for an employee to earn given the bank's circumstances.

Gain in US Household Wealth Will Help Ease Strain on Spending

Bloomberg - Bob Willis - ‎4 hours ago‎
Sept. 18 (Bloomberg) -- Household wealth in the US increased by $2 trillion in the second quarter, a first step in restoring Americans' finances and spending power.

15-year fixed mortgage rates hit a low

Los Angeles Times - ‎1 hour ago‎
The average rate for a 30-year fixed mortgage this week was 5.04%, down from 5.07% a week earlier, mortgage company Freddie Mac said.
Mortgage Rate Nearer to 5% Wall Street Journal

Airbus Sees Healthy Long-Term Demand for New Planes

New York Times - Nicola Clark - ‎15 hours ago‎
PARIS - While the world's airlines will continue to suffer steep financial losses in the short term, Airbus predicted Thursday that demand for new aircraft would remain healthy over the next 20 years, based on expectations of steady air ...

Banker Pay to Face Global Limits at G-20 Session

New York Times - Stephen Castle - ‎6 hours ago‎
European Union leaders on Thursday agreed to use the Group of 20 meeting next week in Pittsburgh to press for binding global rules on bankers' pay and new controls on bonuses, but avoided any explicit call for a ceiling on ...

Co-Founder of Netscape Is Named to H-P Board

Wall Street Journal - John Kell - ‎4 hours ago‎
Engineer and entrepreneur Marc Andreessen joined the board of Hewlett-Packard Co. as the personal-computer maker has seen improvements in its consumer-PC business but has reported weakness in other areas.

Arena Reports Obesity Drug Success, But Data May Disappoint

Wall Street Journal - Thomas Gryta - ‎4 hours ago‎
NEW YORK (Dow Jones)--Arena Pharmaceuticals Inc. (ARNA) reported the success of its second large late-stage study of its weight-loss drug lorcaserin, but the strength of the results may disappoint Wall Street.

Yamaguchi Warns Against Keeping Bank of Japan Credit Steps for ...

Bloomberg - Mayumi Otsuma - ‎1 hour ago‎
Sept. 18 (Bloomberg) -- Bank of Japan Deputy Governor Hirohide Yamaguchi said maintaining emergency credit programs for “a long time” might hamper a recovery in the financial industry even as he expressed doubt about the economic ...

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