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Sunday, November 1, 2009 12:00 AM PDT

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Today's Business News: Not all boom counties cough up gains in recession Geithner: Recovery could be 'a little choppy' Ford workers reject contract changes No Philly transit union strike during World Series Boehner: GOP has right answers on health care Las Vegas Sands, MetLife, Manitowoc are big movers Stimulus saved or created 640,239 jobs: White House Earnings roundup: Nicor, Alliant Energy UK to shake up banking, 100s of branches for sale Feds taking action against reverse mortgage lender Britain to create three new retail banks: reports New fed guide on commercial real estate loan mods Australian oil spill well on fire: company Md. man sentenced to prison for mortgage fraud U.S. housing bill budget neutral in 10 years: CBO New-Home Sales in Surprise Decline Chat Transcript: Columbia Admissions Not all boom counties cough up gains in recession Sat, 31 Oct 2009 09:36 pm PDT AP - In the state capital's downtown core, $500,000 decorative street lights beam down on bustling crowds who've come to dine and play along a recently revitalized pedestrian plaza. Full Story Top Geithner: Recovery could be 'a little choppy' Sat, 31 Oct 2009 09:50 pm PDT AP - Treasury Secretary Timothy Geithner says the economic recovery "could be a little choppy" and it's going to take a while. Full Story Top Ford workers reject contract changes Sat, 31 Oct 2009 11:52 am PDT AP - Ford Motor Co. workers have overwhelmingly rejected contract changes that would have allowed the automaker to cut labor costs, leaving Ford at a disadvantage to its Detroit rivals as it continues its struggle to return to profitability. Full Story Top No Philly transit union strike during World Series Sat, 31 Oct 2009 09:23 pm PDT AP - The Philadelphia transit system's largest union agreed Saturday not to go on strike as contract talks continued hours before the start of Game 3 of the World Series, Pennsylvania's governor and the city's mayor said. Full Story Top Boehner: GOP has right answers on health care Sat, 31 Oct 2009 07:33 pm PDT AP - Republicans have the answers to lower health costs and expanded coverage, not the Democrats who hold power in Washington and are creating more problems as they "recklessly pursue" a government takeover of the health care system, a GOP leader said. Full Story Top Las Vegas Sands, MetLife, Manitowoc are big movers Fri, 30 Oct 2009 01:46 pm PDT AP - The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: Full Story Top Stimulus saved or created 640,239 jobs: White House Fri, 30 Oct 2009 03:17 pm PDT Reuters - The Obama White House on Friday said the $787 billion economic stimulus plan approved early this year had saved or created 640,329 jobs so far. Full Story Top Earnings roundup: Nicor, Alliant Energy Fri, 30 Oct 2009 03:34 pm PDT AP - Among the earnings stories for Friday, Oct. 30, from AP Financial News: Full Story Top UK to shake up banking, 100s of branches for sale Sat, 31 Oct 2009 04:54 pm PDT AP - The Royal Bank of Scotland, Northern Rock, and Lloyds Banking Group are to sell off as many as 700 branches in the next few years in exchange for the public aid they received during the economic meltdown, a government official told The Associated Press on Saturday. Full Story Top Feds taking action against reverse mortgage lender Fri, 30 Oct 2009 12:10 pm PDT AP - The U.S. Department of Housing and Urban Development is taking action against a reverse mortgage lender in Hawaii. Full Story Top Britain to create three new retail banks: reports Sat, 31 Oct 2009 07:27 pm PDT AFP - Britain's government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, according to media reports. Full Story Top New fed guide on commercial real estate loan mods Fri, 30 Oct 2009 12:08 pm PDT AP - Banks must accurately identify their potential losses when modifying troubled commercial real estate loans under federal guidelines issued Friday. Full Story Top Australian oil spill well on fire: company Sat, 31 Oct 2009 11:20 pm PDT AFP - An oil rig which has been leaking thousands of barrels of oil into the Timor Sea off Australia's northwest coast for more than two months was on fire Sunday, the company said. Full Story Top Md. man sentenced to prison for mortgage fraud Fri, 30 Oct 2009 11:47 am PDT AP - An Oxon Hill man has been sentenced to more than three years in prison for a mortgage fraud tied to 25 properties in Maryland, D.C. and Virginia worth millions of dollars. Full Story Top U.S. housing bill budget neutral in 10 years: CBO Fri, 30 Oct 2009 11:24 am PDT Reuters - A bill pending in the Senate that would help unemployed workers, businesses and the housing market would add billions to the U.S. deficit in the short term but would be essentially budget-neutral over 10 years, congressional analysts said on Friday. Full Story Top New-Home Sales in Surprise Decline Fri, 30 Oct 2009 05:08 am PDT BusinessWeek - The Oct. 28 report by the government that the rate of new-home sales posted a surprising 3.6% drop in September from August is likely to give a boost to advocates of extending a federal first-time home-buyer tax credit that is due to expire at the end of November. Full Story Top Chat Transcript: Columbia Admissions Fri, 30 Oct 2009 05:08 am PDT BusinessWeek - Columbia Business School (Columbia Full-Time MBA Profile), which is No. 7 on BusinessWeek's 2008 list of the best business schools in the nation, is highly selective. In fact, this year the admissions committee accepted just 15% of the nearly 7,000 applications it received. Standing out and expressing how you could contribute to the community are key elements in the Columbia application. Full Story Top

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