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October U.S. video game sales down 19 percent: NPD

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Sales of video game equipment and software in the United States tumbled 19 percent in October to $1.07 billion, research group NPD said on Thursday, troubling figures as the industry heads into the most important selling weeks of the year.
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FDA tackles gray area of social media

WASHINGTON - Drug makers, Internet companies and nonprofits called for clarity on what is a gray area for U.S. health regulators: how drug promotion on Twitter, Wikipedia, blogs and other social media can be regulated.
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White House says open to using TARP to ease debt

The Obama administration is weighing how a $700 billion financial rescue fund could be used to ease the U.S. debt burden, the White House budget director said on Thursday, as data showed the deficit had deepened.
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Government sued for defunding scandal-hit ACORN

The scandal-hit liberal grass-roots group ACORN sued the U.S. government on Thursday, saying it did not have the right to cut off ACORN's federal funding because the group had not been convicted of a crime.
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Warren Buffett: The financial panic is over

Warren Buffett, perhaps the world's most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past, even as the U.S. economy's struggles persist.
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Disney profit and revenue beat Street

Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, fueled by an improving ad climate and strength in the media giant's cable operations.
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Blockbuster loss wider than expected, shares drop

Blockbuster Inc , the largest U.S. movie rental chain, posted a larger-than-expected third-quarter loss it said was due primarily to write-offs of debt financing costs and the sale of its Irish unit, and its shares plummeted 12 percent.
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Stocks fall on strong dollar, consumer fears

U.S. stocks fell broadly on Thursday as a stronger dollar weighed on commodity-linked shares and a guarded outlook from Wal-Mart Stores Inc led to worries about consumer spending.
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Blockbuster posts wider-than-expected Q3 loss

Blockbuster Inc , the largest U.S. movie rental chain, posted a larger-than-expected third-quarter loss it said was due primarily to write-offs of debt financing costs and the sale of its Irish unit.
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Daily Forecast - 13/11/2009

The Australian Dollar opens lower against the greenback today at 0.9215 after giving back all of yesterday's gains, and then some, as risk aversion swept offshore markets overnight. During yesterday's domestic session, local unemployment data came in better than expected. Whilst the jobless rate rose to 5.8 per cent, 24,500 positions were added in the month of October. A second consecutive monthly rise in employment may lead to another 25 basis point rate hike by the RBA in December.
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Khan tipped several people in Galleon case

Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, told a judge she provided confidential information to several co-conspirators, according to a court document made public on Thursday.
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New jobless claims lowest since January

The number of U.S. workers filing new claims for jobless benefits last week fell to the lowest level since January, the government said on Thursday, evidence the hard-hit labor market may be slowly improving.
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Roomy Khan tipped several people in Galleon case

Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, told a judge she tipped several people at hedge funds with inside information on companies to make money from trades, according to a court document.
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U.S. FDA tackles gray area of social media

WASHINGTON - Drug makers, Internet companies and nonprofits packed a hearing into what is a gray area for U.S. health regulators: how far Twitter, Wikipedia, blogs and other social media can go in promoting drugs.
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Stocks fall as stronger dollar weighs

U.S. stocks fell on Thursday as a stronger dollar weighed on commodity-linked shares and a guarded outlook from Wal-Mart Stores Inc led to worries about the strength of consumer spending.

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