Wall Street Rebounds Slightly From Greece Debt Talks
Stocks pared losses after Greece finance minister described a debt talks conference call as productive. The Dow fell 108 points to 11,401 while the S P 500 slid to 1,204 and the Nasdaq dipped to 2,612 as European debt concerns weighed on markets.
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New York
Greece
Europe
Standard & Poor
Ralcorp rejects ConAgra bid and plans spin off Post Foods
Ralcorp Holdings rejected ConAgra Foods bid of 94 per share and declined to enter negotiations. Chairman William Stiritz noted Post Foods unit spin off will unlock value for shareholders while Cedar Rapids plant remains focused on oatmeal and related products.
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Cedar Rapids
Ralcorp Holdings
ConAgra Foods
Ralcorp
ConAgra
William Stiritz
Post Foods
Obama backs five day USPS delivery to trim losses
President Obama said USPS should cut mail delivery to five days a week to curb losses. The service posted an $8.5 billion deficit last year and faces more red ink as the Internet drains first class mail and a weak economy hits advertising mail. The agency has already cut 100,000 workers and must reduce costs further through closings and other measures.
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Washington
Obama
U.S
Panel updates regulations impact on Iowa coal plants
The Iowa Utilities Board will study how new and proposed EPA rules affect coal burning plants and customers. The inquiry targets MidAmerican Energy and Interstate Power & Light with comments due by November 3 and December 15 for others. The panel may spur plant retirements conversions and more energy efficiency responses.
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Dave DeWitte de
Iowa
U.S. Environmental Protection Agency
Iowa Utilities Board
Wyoming
Powder River
MidAmerican Energy
Interstate Power & Light
Iowa General Assembly
Iowa House
Terry Branstad
Elizabeth Ja
Pork shortage grips China's economy and pork prices surge
Beijing faces inflation as wholesale pork climbs over 60 percent this year. Premier Wen Jiabao orders higher production with farmer subsidies while authorities tap 200000 ton reserve. analysts warn imports and policy limits, noting China consumes about 100000 tons daily and hosts 460 million pigs.
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Los Angeles Times
Eijing
China
Beijing
Wen Jiabao
Wen
Mortgage reshaping may raise borrowing costs in US housing system
Fannie Mae and Freddie Mac, under government control, may raise borrower costs by requiring more mortgage insurance and higher lender fees as FHFA acting director Edward DeMarco outlines gradual reform to spread risk. With no full restructuring, changes aim to keep money flowing while reducing taxpayer risk and could add about $15 monthly on a $220,000 loan.
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Raleigh, N.C
Fannie Mae
Freddie Mac
Federal Housing Finance Agency
Edward DeMarco
Raleigh
DeMarco
Washington, D.C
Fannie and Freddie
FHFA
Fannie
Freddie
Barack Obama
Fannie and
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