Stock Indexes Rally
Stocks surged to a five-month high, boosted by encouraging services sector data and hopes that global central banks will follow Japan's lead in stimulating economic growth. online.wsj.com |
Blackstone, Paulson Buy Extended Stay
An investment group purchased Extended Stay America for more than $3.9 billion, allowing the hotel chain to exit bankruptcy after more than a year. online.wsj.com |
Mitsubishi President Speaks Out on Yen
Osamu Masuko, president of Mitsubishi Motors, joined the chorus of Japanese exporters complaining the that government has been slow to act against the strengthening yen. online.wsj.com |
States Will Put Raters On Muni Hot Seat
Insurance regulators will hold a hearing in November to assess whether bond ratings adequately reflect looming pension-fund and health-care costs for government workers. online.wsj.com |
Sony Cuts PSP Go Price in Japan
Sony is cutting the price of its PSP Go videogame system in Japan by 37%, to boost demand for the handheld device which has suffered from disappointing sales online.wsj.com |