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Wednesday, October 28, 2009 12:02 AM PDT

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Today's Business News: New home sales expected to rise 2.6 pct Asian stocks fall after weak US consumer report Oil falls amid mixed signs on US economic recovery Treasury, GMAC in talks for 3rd round of US aid Report: AMD ex-CEO said linked to Galleon case FTSE 100 ends in the red Johnson Controls posts 4Q profit, backs guidance Double-Take Software 3Q profit slides on sales EU to back split of UK's Northern Rock: reports Silver State Helicopters student debt case settled Vitamin Shoppe to be 1st retail IPO since 2007 Senate Democrats say have deal on homebuyer credit Valero margins squeezed by rising crude prices U.S. judge appoints trustee to run Thornburg Mortgage What recovery? Americans still gloomy on economy A New Executive-Search Business Model Willingness to Take Initiative New home sales expected to rise 2.6 pct Tue, 27 Oct 2009 09:39 pm PDT AP - Sales of new homes are expected to post their sixth consecutive monthly gain as builders reap the benefits of a tax credit for first-time owners that expires at the end of next month. Full Story Top Asian stocks fall after weak US consumer report Tue, 27 Oct 2009 10:47 pm PDT AP - Asian stocks were lower for a second day Wednesday amid worries U.S. consumers were continuing to struggle, undermining hopes for a quicker turnaround in an economy that's a major export market for the region. Full Story Top Oil falls amid mixed signs on US economic recovery Tue, 27 Oct 2009 09:56 pm PDT AP - Oil prices fell to near $79 a barrel Wednesday in Asia amid mixed signals about the strength of the U.S. economic recovery. Full Story Top Treasury, GMAC in talks for 3rd round of US aid Tue, 27 Oct 2009 09:37 pm PDT AP - GMAC Financial Services is in talks with the Treasury Department for a third injection of taxpayer aid as the auto lender faces a November deadline to raise the $11.5 billion capital cushion mandated by results of the government's "stress test" earlier this year. Full Story Top Report: AMD ex-CEO said linked to Galleon case Tue, 27 Oct 2009 09:35 pm PDT AP - Chip maker Advanced Micro Devices Inc. is "thoroughly reviewing" published reports fingering former chairman and CEO Hector Ruiz as the AMD executive who gave confidential company information to a defendant in the Galleon Group insider trading case. Full Story Top FTSE 100 ends in the red Mon, 26 Oct 2009 10:21 am PDT AFP - London stocks ended in the red on Monday as financials retreated and commodity prices fell. Full Story Top Johnson Controls posts 4Q profit, backs guidance Tue, 27 Oct 2009 03:40 pm PDT AP - Johnson Controls Inc. said Tuesday that cost cuts and operational improvements bolstered its profit in the fourth quarter, helping to offset the effects of the continued weak economy on its sales. Full Story Top Double-Take Software 3Q profit slides on sales Tue, 27 Oct 2009 06:52 pm PDT AP - Double-Take Software Inc. on Tuesday reported a decline in third-quarter profit as revenue from software licenses declined. Full Story Top EU to back split of UK's Northern Rock: reports Tue, 27 Oct 2009 09:37 pm PDT AFP - The European Commission is expected to approve plans to break up and sell nationalised British bank Northern Rock in the wake of the financial crisis, reports said Wednesday. Full Story Top Silver State Helicopters student debt case settled Tue, 27 Oct 2009 02:26 pm PDT AP - Attorneys general say a student loan company has agreed to forgive almost $113 million in debts for students of a Nevada-based helicopter flight school that went bankrupt in 2008. Full Story Top Vitamin Shoppe to be 1st retail IPO since 2007 Tue, 27 Oct 2009 12:41 pm PDT AP - Consumers are frugal and unemployment is high. It may not seem like the best time for Vitamin Shoppe, a brick-and-mortar seller of supplements like fish oil and vitamins, to go public. Full Story Top Senate Democrats say have deal on homebuyer credit Tue, 27 Oct 2009 04:15 pm PDT Reuters - U.S. Senate Democrats reached an agreement among themselves to extend the soon-to-expire $8,000 tax credit for first-time homebuyers, Senate Banking Committee Chairman Chris Dodd said on Tuesday. Full Story Top Valero margins squeezed by rising crude prices Tue, 27 Oct 2009 03:43 pm PDT AP - The largest independent petroleum refiner in the U.S. said Tuesday it lost nearly $500 million in the third quarter as it was caught between a rise in oil prices and a slump in American travel. Full Story Top U.S. judge appoints trustee to run Thornburg Mortgage Mon, 26 Oct 2009 06:08 pm PDT Reuters - A bankruptcy judge appointed a trustee to take over the liquidation of Thornburg Mortgage after it was discovered former executives were using staff and equipment to launch a start-up venture. Full Story Top What recovery? Americans still gloomy on economy Tue, 27 Oct 2009 01:36 pm PDT AP - The housing market and stocks may be looking up, but Americans just can't shake their job worries. Full Story Top A New Executive-Search Business Model Tue, 27 Oct 2009 05:08 am PDT BusinessWeek - Most in business would agree that one key to success lies in valuing the differences and experiences that each individual on your team represents. That's what good team building and performance is all about. Few think of this as diversity, but at its core, diversity is about valuing the difference that each person brings to the organization. Full Story Top Willingness to Take Initiative Tue, 27 Oct 2009 05:08 am PDT BusinessWeek - "If you can figure out how to be comfortable with ambiguity, general management will be a great track for you," our strategic management professor told us on our last day of class last spring. My new venture creation professor similarly stressed embracing uncertainty and forging ahead with a business idea. "You need to validate the market," he explained, "but at some point the only way to learn more is to get started." He enumerated companies whose business models had completely changed within two years of launching. ... Full Story Top

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