- China Factory Activity Hits 9-Month Low CNNMoney.com
China's factories are faltering again, pointing to slowing growth in the world's second-biggest economy and raising pressure on the country's central bank to relax policy even as it tries to contain an explosion of credit.
- Banks Blundered on Mortgage Pact The Wall Street Journal
Four large U.S. banks have failed to comply with key elements of a landmark $25 billion mortgage settlement, an independent monitor said Wednesday.
- Sony Rebuffs New Call to Sell Entertainment Unit New York Times
Sony’s chief executive, Kazuo Hirai, told shareholders on Thursday that movies and music were an indispensable part of the company, rejecting a renewed push by the American activist investor Daniel Loeb.
It may not happen today or even this year, but at some point the Fed is going to either reduce its quantitative easing program or stop it entirely.