Daily Outlook - Oct 20
Economic highlights; SEC's 'Aggressive' Tactics; Limiting the Fed
Housing starts rise, producer prices decline
New construction of U.S. homes rose less than expected in September as ground-breaking activity for multi-family dwellings fell sharply, highlighting the economy's uneven recovery path. Read Full Article here.
Wall Street on edge as SEC top cop gets aggressive
In the office of Wall Street's top cop hang a courtroom sketch and a framed newspaper article from his biggest case, when he sent the villain away for life. Read Full Article here.
Senator Grassley opposes new Fed powers
The Federal Reserve should not get new powers as part of the overhaul of financial regulation, a leading U.S. Senate Republican said on Monday. Read Full Article here.
Most U.S. companies cutting bonuses, survey says
More than half of U.S. companies are reducing bonuses, and nearly half are scaling back on raises in an effort to cut costs in a tough recession, according to research released Monday. Read Full Article here.
Caterpillar beats estimates, raises forecast
Machinery maker Caterpillar Inc posted stronger-than-expected quarterly earnings on Tuesday and raised its full-year forecast, saying it was seeing signs that a recovery may be under way. Read Full Article here.
Coca-Cola third-quarter sales miss; shares slip
Coca-Cola Co reported lower-than-expected third-quarter revenue on Tuesday, hurt by revenue declines across all its businesses, sending shares down 2 percent in premarket trade. Read Full Article here.
Obama gets an F on trade: Sen. Grassley
President Barack Obama deserves a failing grade for his handling of U.S. trade policy during his first nine months on the job, a senior Republican senator said on Monday. Read Full Article here.
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