Links and Reading for September 18th
September 19, 2011 4:00 pm
Some of the more interesting and important items for September 18th :
- Dancing with the fund manager stars gets canceled – Chuck Jaffe – MarketWatch – BOSTON (MarketWatch) — It was front-page news in 1990 when legendary mutual-fund manager Peter Lynch announced that he was leaving Fidelity Magellan Fund, and not just in places like Boston — home of Fidelity Investments — or major money centers, but in communities like Allentown, Pa., where I was then the business editor of The Morning Call newspaper.
- Libya may revise foreign oil, gas deals – MarketWatch – BENGHAZI, Libya (MarketWatch) — Libya could revise oil and gas deals signed under the previous regime of Col. Moammar Gadhafi if their pricing terms are abnormally low and if there are suspicions of corruption, an official with the Arabian Gulf Oil Co. said Saturday.
- UBS Trader Kweku Adoboli Charged With Fraud; ‘Rogue’ Trading Lasted 3 Years – WSJ.com – LONDON—An alleged trading scheme at UBS AG went undetected for three years before it was finally discovered, triggering a $2 billion loss, U.K. authorities indicated Friday as they charged a 31-year-old trader at the Swiss bank with fraud.
- U.S. Housing Rut to Continue, Economists Say – Bloomberg – Purchases of previously owned U.S. homes in August probably held close to the weakest level this year and construction dropped to a three-month low as the industry showed few signs of a emerging from its slump, economists said before reports this week.
- Clinton Popularity Prompts Buyer’s Remorse – Bloomberg – Nearly two-thirds of Americans hold a favorable view of her and one-third are suffering a form of buyer’s remorse, saying the U.S. would be better off now if she had become president in 2008 instead of Barack Obama.
- Boeing, General Motors, MasterCard, Tyson, Visteon: U.S. Equity Preview – Bloomberg – Boeing Co. (BA) : The world’s second-largest commercial- plane maker said it won’t make a planned delivery of the 747-8 jet next week. Cargolux told Boeing it won’t take the delivery of 13 planes due to “unresolved issues” over the contract, according to Flightglobal, which cited industry sources.