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BHP, Rio seal iron ore joint venture agreement (Reuters)

A train loaded with iron ore from a BHP Biliton mine makes its way through West Australia's Pilbara region in this undated handout photograph obtained August 12, 2009. REUTERS/BHP Biliton/HandoutReuters – Mining giants BHP Billiton and Rio Tinto on Saturday signed a $116 billion iron ore joint venture agreement to combine their Western Australian iron ore operations.


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GM exec expects Germany to contribute Opel aid (Reuters)

FILE - In this Dec. 1, 2009 file photo, General Motors' Chairman Ed Whitacre Jr. announces that CEO Frederick 'Fritz' Henderson has resigned during a news conference in Detroit. New CEO Ed Whitacre Jr. is shaking up GM's numbers-oriented bureaucracy. In a folksy, self-deprecating broadcast to employees, he says they're free to take risks without fear of being fired. (AP Photo/Paul Sancya, file)Reuters – General Motors will not cut more jobs at Opel in Germany if the German government refuses to give state aid although the U.S. carmaker said it remains confident that Berlin will soften its current stance.


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Goodbye to all that stimulus? (Reuters)

Trading specialists work at the Goldman Sachs booth on the floor of the New York Stock Exchange October 30, 2009. REUTERS/Brendan McDermidReuters – The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment next week.


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Obama says new data shows economy recovering (Reuters)

President Barack Obama speaks at the signing of the Ryan White HIV/AIDS Treatment Extension Act of 2009 in the Diplomatic Reception Room at the White House in Washington, October 30, 2009. REUTERS/Jim YoungReuters – President Barack Obama said on Saturday this week’s positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.


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October retail sales look to capture fall momentum (Reuters)

Reuters – U.S. retailers are expected to post positive October sales results this week, but investors hoping for a clear signal on economic recovery could be in for disappointment, industry experts said.

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Madoff: Had ‘too much credibility’ with SEC (AP)

FILE - In this July 17, 2009 file photo, Bernard Madoff's accountant David Friehling exits Manhattan federal court in new York. Friehling is expected to plead guilty next week in a cooperation deal, federal prosecutors said Friday, Oct. 30, 2009, in a letter to a judge.(AP Photo/ Louis Lanzano, file)AP – As Bernard Madoff sat in jail a few months after pleading guilty to fraud, he sounded faintly boastful.


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