Stocks News

Shares edged higher in early trading today although top stock Telecom continued its southward journey. via XtraMSN Real Estate

Xerox Corp. , the world's largest maker of high-speed color printing devices, said it received preliminary court approval to settle an eight-year-old securities lawsuit for $670 million. via Bloomberg.com

American Express has paid $1.1-billion for GE Money's corporate credit card business General Electric American Express NEW YORK - American Express Co. via The Globe and Mail

"Long-term mortgage rates were mixed, but relatively unchanged in the past week as the latest economic indicators came in much as expected"

Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.85 percent this week. via San Francisco Chronicle

"Currency change was a central theme in this year's study"

Thanks to the weakened dollar, the U.S. has leapfrogged France, Britain and other European countries as a cheaper place to do business. via Boston Herald

Tokyo stocks fell sharply Thursday morning on grim signs of a U.S. recession, a stronger yen, and political deadlock over the passage of a Japanese government tax bill. via Kyodo News

Australian banks are ``weathering the storm'' caused by the slump in global credit markets, remain profitable and have ``sound'' capital reserves, central bank Governor Glenn Stevens said. via Bloomberg.com - Asia

"Investors feel the euro has not risen enough against the dollar, yet"

The dollar edged up against the euro and Swiss franc on Thursday after falling sharply this week as a series of weak data stoked U.S. recession fears, supporting expectations for a big Federal Reserve interest ... via Reuters

Bankrupt mortgage lender New Century Financial Corp. used improper accounting practices while making risky loans, creating "a ticking time bomb" that led to the company's rapid downfall, a court examiner said ... via LA Daily News