IMF: Sovereign Risks Threaten Recovery
The IMF warned that risks to financial stability remain elevated due to a combination of slow global growth, high sovereign-debt burdens and continuing weakness in the banking sector. 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 |
Occidental CEO Irani to Step Down
Ray Irani, Occidental Petroleum's well-paid, longtime CEO, agreed to take a slimmer pay package and step down from the company's top job next May. online.wsj.com |
Wells Fargo Profitably Rides Mortgage Boom
Wells Fargo& Co. harnessed a giant surge in mortgage originations in the third quarter to post record earnings, even as new regulations and a soft economy hurt other revenue such as overdraft fees and loan payments. online.wsj.com |
RadioShack Earnings Rise 23%
RadioShack's third-quarter profit jumped 23% as electronics-device sales climbed. online.wsj.com |