Daily Wrap Up - Oct 11
Credit Tight for Small Biz; Inflation Underestimation; Citi's Tax Charge?
Small U.S. firms face credit squeeze as crisis drags
Small companies create more than half of America's jobs, but the entrepreneurs who drive this part of the economy continue to complain that access to credit two years into the recession remains scarce. Read Full Article here.
Fed's Bullard: Don't underestimate inflation risk
There may not be as much slack in the U.S. economy as many forecasters believe, which means medium-term inflation risks could be higher, a Federal Reserve official said on Sunday. Read Full Article here.
Citi faces FINRA fine over derivatives deals: source
Citigroup Inc is expected to be fined $600,000 by the Financial Industry Regulatory Authority over derivatives transactions that helped foreign clients avoid taxes on dividends, a source familiar with the matter said on Sunday. Read Full Article here.
Airbus confident A400M to fly by year-end
Airbus is confident its delayed A400M military transport plane will fly by the end of the year but dismissed a magazine report that its maiden flight could come as soon as November 30 as fantasy. Read Full Article here.
Airlines set new fuel efficiency goals: IATA
The world's airlines have agreed to new fuel efficiency and carbon emission targets which go much further than the levels required through regulation, an industry group said on Saturday. Read Full Article here.
US whiskey makers look abroad for spirited growth
The American whiskey market may be back on a roll. The industry which produces Jack Daniel's and Jim Beam is seeing sales flatten in its domestic market but overseas business is booming and driving overall growth. Read Full Article here.
Safilo good investment -Italy's Della Valle
The Della Valle family's stake in Italian debt-laden eyewear maker Safilo is a good investment and the company could do great things with a local rival, Diego Della Valle said in a Saturday newspaper interview. Read Full Article here.
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