Bloomberg: Pimco’s Gross Tells Clients 2011 a ‘Stinker’

Pimco’s Gross Tells Clients 2011 a ‘Stinker’
By Sree Vidya Bhaktavatsalam - 2011.10.15 05:01 AM

Bill Gross, manager of the world’s biggest mutual fund, sought to reassure clients that he hasn’t lost his touch after he misjudged the extent of the economic slowdown, causing his Pimco Total Return Fund to trail rivals this year.

Pike Research forecasts global biofuels market value to double to $185B by 2021

http://www.greencarcongress.com/2011/10/pikebiofuels-20111013.html

Pike Research forecasts global biofuels market value to double to $185B by 2021
13 October 2011

According to a new report from Pike Research, the increased production and consumption of biofuels will more than double the industry’s market value in the next decade. Pike forecasts that the global market for biofuels will increase from $82.7 billion in 2011 to $185.3 billion by 2021.

USA Today: Foreclosure notices rise in 3Q, but down from a year ago

Foreclosure notices rise in 3Q, but down from a year ago
By ALEX VEIGA, Associated Press
2011.10.13 03:18 AM

LOS ANGELES – More U.S. homes are entering the foreclosure process, but they're taking longer to be sold or repossessed by lenders.

CNNMoney: Foreclosures continue to plague housing market

Foreclosures continue to plague housing market
By Aaron Smith October 13, 2011: 5:41 AM ET

NEW YORK (CNNMoney) -- Foreclosures continued to plague the U.S. housing market last quarter, while a a growing backlog has caused the length of the foreclosure process to drag on and on.

WSJ: ECB Chief: Europe Is 'Epicenter' of Crisis

EUROPE NEWS OCTOBER 12, 2011
ECB Chief: Europe Is 'Epicenter' of Crisis
By WILLIAM LAUNDER And TOM FAIRLESS

FRANKFURT—European Central Bank President Jean-Claude Trichet warned Tuesday that the euro-zone crisis has "reached a systemic dimension" and said governments must swiftly push through fiscal reforms and coordinate a recapitalization of banks.

CNNMoney: Market's biggest risk? Duh. It's Europe.

Market's biggest risk? Duh. It's Europe.
By Hibah Yousuf October 12, 2011: 7:56 AM ET

NEW YORK (CNNMoney) -- It's been on and off the back burner for a year and a half, but the European debt crisis is finally nearing a boiling point.

Bloomberg: Wall Street Sees ‘No Exit’ From Financial Decline as Bankers Fret Future

Wall Street Sees ‘No Exit’ From Financial Decline as Bankers Fret Future
By Max Abelson - 2011.10.11 09:00 PM

Wall Street executives, facing demonstrators camped for a fourth week in New York’s financial district, say they’re anxious and angry for other reasons.

Reuters: Europe warned of systemic crisis over debt

Europe warned of systemic crisis over debt
By Sakari Suoninen and Martin Santa
FRANKFURT/BRATISLAVA | Tue Oct 11, 2011 6:46am EDT

(Reuters) - Europe's top financial watchdog warned on Tuesday that the euro zone's sovereign debt crisis has become systemic and threatens global economic stability unless decisive action is taken urgently.

Bloomberg: No U.S. Recession as Forecasts Improve

No U.S. Recession as Forecasts Improve
By Rich Miller and Vivien Lou Chen - 2011-10-10 03:34 AM

The U.S. has likely dodged a recession for now, even though it’s too early to sound the all- clear for the economy.

CNNMoney: Not a recession. But who cares?

THE BUZZ
Not a recession. But who cares?
By Paul R. La Monica @CNNMoney October 7, 2011: 12:51 PM ET

NEW YORK (CNNMoney) -- Summer may be over but it's still time to fire up the grill.