IMF raises U.S. GDP forecast, warns on debt (Reuters)

Reuters - The U.S. economy is mending more quickly than anticipated, although high unemployment and growing commercial property defaults will put a drag on the recovery, the International Monetary Fund said on Thursday.

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IMF raises U.S. GDP forecast, warns on debt
(Reuters)

German retail sales slip in August (AFP)

AFP - German retail sales fell by 1.5 percent in August from the preceeding month, confounding expectations for a slight rise, preliminary data released on Thursday by the national statistics office showed.

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German retail sales slip in August
(AFP)

Asia manufacturing picks up, U.S. remains key worry (Reuters)

Reuters - Manufacturing activity surged across Asia in September as demand picked up, although plans by Japanese manufacturers for record cuts in capital spending cast doubts on the strength of a recovery in the industrialized world.

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Asia manufacturing picks up, U.S. remains key worry
(Reuters)

Comcast denies it has deal to buy NBC Universal (Reuters)

Reuters - Comcast Corp, the largest U.S. cable service provider, denied a Web report on Wednesday that it had struck a deal to buy media conglomerate NBC Universal for $35 billion.

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Comcast denies it has deal to buy NBC Universal
(Reuters)

Asia shares struggle, dollar on defensive (Reuters)

Reuters - Asian shares fell on Thursday after a surprise drop in manufacturing in the U.S.

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Asia shares struggle, dollar on defensive
(Reuters)

Citi closes sale of Nikko Cordial to SMFG (Reuters)

Reuters - Citigroup completed the sale of its Japanese brokerage Nikko Cordial Securities to Sumitomo Mitsui Financial Group (8316.T), one more step in the U.S. bank’s plans to shed non-core assets.

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Citi closes sale of Nikko Cordial to SMFG
(Reuters)

Lawmaker seeks group liability for rating agencies (AP)

AP - A key House lawmaker wants to make credit rating agencies — widely criticized for failing to give investors adequate warning of the risks in subprime mortgage securities that triggered the financial crisis — collectively liable for inaccuracies.

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Lawmaker seeks group liability for rating agencies
(AP)

BofA CEO Lewis out by year’s end, search on for successor (Reuters)

Reuters - Bank of America Corp Chief Executive Ken Lewis, whose handling of the takeover of Merrill Lynch & Co drew scorn from prosecutors and investors, will retire by year’s end and his successor is yet to be determined, the bank said on Wednesday.

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BofA CEO Lewis out by year’s end, search on for successor
(Reuters)

GM to close Saturn as sale to Penske collapses (Reuters)

Reuters - General Motors Co will close Saturn and wind down its dealership network after a deal to sell the faltering brand to Penske Automotive Group collapsed, the automaker said on Wednesday.

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GM to close Saturn as sale to Penske collapses
(Reuters)

Lawmaker proposes major change for rating agencies (AP)

AP - A key House lawmaker wants to make credit rating agencies — which have been widely criticized for failing to give investors adequate warning of the risks in subprime mortgage securities that triggered the financial crisis — responsible for each other’s assessments by holding them collectively liable for inaccuracies.

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Lawmaker proposes major change for rating agencies
(AP)

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