AP - The Securities and Exchange Commission on Wednesday delayed a plan to adopt new rules aimed at stemming conflicts of interest in Wall Street's credit rating industry.
Read more »SEC puts off vote on rules for rating agencies (AP)
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Global stocks hit 5-1/2 year lows (Reuters)
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Reuters - A rout in Asia pushed world stocks to their lowest in 5- years on Thursday, while oil fell to below $53 a barrel and safe havens such as the yen gained as economic data indicated a global recession could get even uglier.
Read more »Yahoo, T-Mobile announce mobile search deal (Reuters)
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Reuters - Yahoo Inc announced an expansion of its mobile Web portals to T-mobile, so its smart phone users who get data will have Yahoo search by default.
Read more »U.S. auto execs testify as legislators try for deal (Reuters)
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Reuters - U.S. auto executives went to Capitol Hill on Wednesday for a second day to plead for $25 billion in government aid, but legislators tried to fashion a last-minute compromise bailout bill that could pass both Congressional and White House muster.
Read more »Wall Street sinks to lowest since 2003 (Reuters)
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Reuters - Stocks plunged to their lowest in five-and-a-half years on Wednesday as investors girded for a lengthy economic downturn and automotive executives predicted a far-reaching calamity without a government lifeline.
Read more »U.S. probing Golden West lending, sale: prosecutor (Reuters)
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Reuters - The government is investigating if homeowners were misled by California bank and mortgage issuer Golden West Financial, which was acquired by Wachovia Corp -- another possible victim.
Read more »Wind Energy America Inc. Obtains Financing to Complete Minnesota Wind Farm (Business Wire)
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MINNEAPOLIS----Wind Energy America Inc. announced today that it has started ordering parts and commencing construction and interconnect operations to complete its wind farm project in Minnesota which contains two of the Gamesa wind turbines acquired in the Boreal Energy asset purchase.
Read more »Shares of Buffett's Berkshire Hathaway fall more than 12 percent (Reuters)
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Reuters - Class A shares of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) fell more than 12 percent on Wednesday to below $84,000, a 3-year low.
Read more »Super Stars Literacy Receives $15,000 Grant From East Bay Community Foundation (Business Wire)
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OAKLAND, Calif.----Super Stars Literacy today announced it has been awarded a $15,000 grant from the East Bay Community Foundation . EBCF selected the award-winning after-school program to receive the funds, in part, because its early literacy and social development programming speaks directly to one of the greatest needs EBCF identified in local communities: ensuring very young children are successful in the education system.
Read more »Homebuilder, REIT shares tumble as recession spreads (Reuters)
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Reuters - The shares of big U.S. homebuilders and real estate companies alike slumped on Wednesday as housing starts fell to a record low and concerns spread the commercial real estate market is going the way of residential.
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