Us Stocks Fall Amid Banking Concerns

The Nissan Motor Co. Ltd. is confident to hit its net profit target for today's fiscal year, Chief executive Carlos Ghosn said last Thursday, after missing last year's target by about ten percent.

Visa on Wednesday reported fiscal third-quarter net income of $1 billion, or $1.43 per Class A common share, up from $716 million, or 97 cents per share, a year ago.



Investors have apparently been presumming how the Federal Reserve will act at their next meeting to stimulate the economy by drving interest rates even slash. Hopes have been building that the Fed will announce an expansion of the treasury bond program the instance Nov. 2-3 when they meet over again.

For substantial wind farm he had planned in Texas, Mr. Pickens/Mesa Power LLP had already ordered 687 large wind generators from General Electric, being delivered starting in '11. But transmission lines being built by the state were unlikely to reach the location he has leased until 2013, so he for you to put the turbines anywhere. Mr. Pickens had once planned establish his own transmission lines, but difficulty in finding financing amid the credit crisis forced him to shelve that plan.

"There are the same as indications that the U.S. economy is starting recession. I'm fairly bullish as industry is fairly valued," Peter Dunay, a smart investment strategist at Leeb Capital Management in New York, told Bloomberg.

By 3:15 on Thursday, things were looking pretty sweet, although from there, enthusiasm for maintaining the ramp-job waned and the S&P 500 wound up just one crummy basis point in the green and the NASDAQ slipped into the red.

There are just like market moving economic releases today, but Kansas City Fed President Hoenig will be speaking at 11:45 AM ET. His remarks should draw plenty of attention as Mr. Hoenig has been the one known dissenter at prior FOMC group meetings.

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