IBT Staff Reporter

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GM says ready to join GM Daewoo rights offer

The chief executive of General Motors Co reiterated on Thursday that the U.S. automaker would join a rights offering by its struggling South Korean unit, but gave no hint whether GM would put in as much as the unit's biggest creditor wants.

Flu drug Tamiflu boosts Roche sales in Q3

Roche beat forecasts with a 10 percent rise in third-quarter sales, helped by demand for Tamiflu due to the H1N1 swine flu pandemic, and the Swiss group now sees higher drug revenues for the full year.

Can fish for dinner lead to diabetes?

Making sure fish ends up on your dinner plate a couple of times a week may be a good way to cut your risk for developing heart disease, but it may not do the same for diabetes, new study findings hint.

Asia shares hit 14-month highs; dollar slides

Asian shares rose to 14-month highs on Thursday after upbeat U.S. retail sales and earnings reports prompted a shift to riskier assets, pushing the U.S. dollar to a 14-month low and prompting Asian governments to step in to curb currency strength.

Roche benefits from Tamiflu sales as Q3 shines

Roche's third-quarter sales rose 10 percent to 12.4 billion Swiss francs ($12.2 billion), helped by its cancer drugs and increased demand for flu medicine Tamiflu due to the H1N1 pandemic.

Twitter goes to Aussie university

Social networking upstart Twitter has made the jump to academia's hallowed halls, with 'tweets' made compulsory writing for would-be journalists at an Australian university.

U.S. foreclosures fall 2nd straight month

U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.

Asia shares hit 14-month peak, dollar slumps

Asian shares rose to 14-month highs on Thursday as upbeat retail sales and surprisingly bullish earnings reports in the United States buoyed risk appetite, pushing the U.S. dollar to a 14-month low.

Trial lawyer defends Bear manager; U.S. cites lies

A lawyer for former Bear Stearns hedge fund manager Ralph Cioffi on Wednesday vigorously defended him against prosecution allegations he repeatedly lied to investors early in the financial crisis, describing as ridiculous one charge of insider trading.

U.S. SEC to consider rules for dark pools Wednesday

U.S. securities regulators will consider next Wednesday proposals to shed more light on dark pools, or venues where stock trades are hidden from public view, a notice on the Securities and Exchange Commission's website said.

Calpers launches probe of placement agent fees

Calpers, the biggest U.S. public pension fund, said on Wednesday it is probing fees paid by outside money managers to win its business, expanding a review of pay-to-play schemes at public retirement systems that has spread across the nation.

Daily Commentary - 15/10/2009

Intraday support at 0.9030 held firm in local exchange yesterday with strong Chinese Trade data giving the Aussie another boost towards 91 cents. Offshore investors took the AUD/USD to a high around 0.9150 with optimism on the global recovery, following higher than forecast U.S Retail Sales data, continuing to drive sentiment on commodities and commodity based currencies like the AUD. Underlying support for the currency is expected to continue whilst the Greenback remains weak with today's trade...

Growth of Facebook leaves MySpace in dust

The September numbers from market watcher comScore show Facebook Inc.'s users in the U.S. grew by 4 percent to 95.5 million while Twitter Inc.'s numbers flattened out at about 20.8 million.

Lazard CEO Bruce Wasserstein dies at 61

Lazard Ltd Chief Executive Bruce Wasserstein, a legendary dealmaker for more than 30 years, has died, ending an era at one of Wall Street's best-known investment banks.

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