Reuters – Americans slashed spending and the country’s business outlook weakened but there were signs of stabilization in global markets on Friday, with interbank rates falling and U.S. stocks posting their best week in 34 years.
Reuters – U.S. auto sales are expected to plunge to the lowest levels of the year in October and possibly the slowest running rate in two decades, with no certainty of when consumer confidence will return.
AP – The stock market closed out a horrendous October, its worst month in 21 years, with a big advance Friday as more investors took chances on stocks turned into bargains by waves of intense selling. The session’s advance ? which gave the market its first back-to-back gains in more than a month ? fed hopes that Wall Street has indeed found a bottom.
Investor’s Business Daily – You may soon get your earnings results and other breaking corporate news from company Web sites rather than wire services under newly approved public-disclosure guidelines.
Reuters – U.S. stocks ended one of their worst months on record, but signs of further thawing in credit markets lifted battered shares on Friday.
