Wikinvest Wire

Friday morning links

Friday, July 10, 2009

TOP STORIES
With Sale of Its Good Assets, G.M. Tries for a Fresh Start - NY Times
Kohn warns Congress on meddling in Fed's affairs - Reuters
The riots in Xinjiang: Is China fraying? - Economist
California ‘Incompetence’ Leaves Banks to Ponder IOUs - Bloomberg
AIG to pay more executive bonuses July 15 - Reuters
California v Texas: America's future - Economist
New York Times to charge for online content - Telegraph
No easy scenarios for California budget crisis - Reuters

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MARKETS/INVESTING
Oil Set for Biggest Weekly Drop Since January - Bloomberg
Gold falls as oil tumbles, dollar rises; copper also down - MarketWatch
Yen, Dollar Rise, Stocks Retreat on Concern Recovery Faltering - Bloomberg
The Chartist now charts a downward path - MarketWatch
Futures fall as Chevron warning sparks jitters - Reuters
Oil Weakens as Recovery Hopes Dim - NY Times

ECONOMY
Import Prices in U.S. Increased 3.2% Last Month - Bloomberg
May trade deficit dips more than expected to $26B - AP
Homeless families spike in the suburbs - CNN/Money
Weak retail sales in June raise worries - AP
The economy and employment: On the turn? - Economist

INTERNATIONAL
China's June exports down 21.4 percent - AP
China Oil Consumption May Increase 4.2% Next Year - Bloomberg
Japan deflation deepens; US jobs, German news cheer - Reuters
UK jobs: the top 10 sectors to be in - Telegraph
China and the dollar: Yuan small step - Economist
China Fails to Attract Enough Buyers in Bill Sales - Bloomberg
Japan's Yosano says stocks will rise 'eventually': report - MarketWatch
Bank of Korea Upgrades GDP Forecasts - Bloomberg

REAL ESTATE/MORTGAGES
Maloney: Commercial Real Estate Is a ‘Time Bomb’ - Bloomberg
Modifying delinquent loans: Mortgage mistakes - Economist
Falling home values hurt Reverse Mortgage market - Examiner.com
Is It Time to Invest in Real Estate? - NY Times

FED/TREASURY/BANKING
Congress Advised Not to Expand Fed's Power - NY Times
Value of Bank Repayments Draws Scrutiny - Wash. Post
Reforming finance: Bank capital: Target practice - Economist
Fed’s Bullard Says He Doesn’t See Recovery Faltering - Bloomberg

INTERESTING
A Muscle Car to the Rescue for General Motors - NY Times
Going vertical: Brothers live on building's wall - AP
An Ugly Time for Fashion as Spinoff Chains Struggle - Wash. Post
Strange Plant Waters Itself - LiveScience

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