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Deals of the Hour / November 3, 2010, 2:40 am

Wilmington Trust agrees to be bought by M&T after six losses

Wilmington Trust Corp., the Delaware bank founded by the du Pont family and undermined by souring loans, agreed to sell itself to M&T Bank Corp. for $351 million in stock, or about half its market value last week. The deal is "the best option for our ... (Source: Washington Post 2010-11-01T15:25:22Z)

Bob Herbert: Seriously haywire

The clearest explanation yet of the forces that converged over the past three decades or so to undermine the economic well-being of ordinary Americans is contained in the new book, "Winner-Take-All Politics: How Washington Made the Rich Richer -- and ... (Source: Pittsburgh Post-Gazette 2010-11-03T03:55:48Z)

Analysis: Americans united but divided

America is united in its frustration over the economy, over Washington, over where the country is heading. But it's deeply split about how to fix some of the nation's biggest woes — a ballooning federal debt, near 10 percent joblessness and a sluggish ... (Source: AP - msnbc.com 2010-11-03T08:13:30Z)

Stocks Close Higher For 4th Session; Banks Gain

In other markets, the jobs news prompted some investors to leave the safety of gold as well as Treasury securities. Gold fell 0.18 percent Friday to $1,249.20, although it was up more than 1 percent for the week. The 10-year Treasury, meanwhile, fell 13/32 ... (Source: CNBC 2010-11-03T07:52:01Z)

US consumer spending slows, incomes fall, manufacturing activity grows

WASHINGTON (AP) — A mixed picture of the U.S. economy emerged one day before key midterm elections that have focused on the nation's financial health. Spending by Americans slowed in September and their incomes fell for the first time in more than a year ... (Source: Chicago Tribune 2010-11-01T18:45:48Z)

Wilmington Trust's Half-Price Sale to M&T Ends du Pont Legacy

Nov. 2 (Bloomberg) -- Wilmington Trust Corp., the 107-year- old du Pont family wealth manager that financed companies during the Great Depression, agreed to sell itself to M&T Bank Corp. for about half last week's market value amid souring loans. The ... (Source: BusinessWeek 2010-11-02T03:56:59Z)

Republicans set to win House, gain in Senate: Reuters/Ipsos poll

WASHINGTON (Reuters) - Americans unhappy with the economy are poised to hand control of the House of Representatives to Republicans in Tuesday elections that are shaping up as a rebuke of President Barack Obama, a Reuters/Ipsos poll found on Monday. Fifty ... (Source: Reuters 2010-11-02T00:15:05Z)

Front Row Washington

After a long and bitter campaign, Americans voted in midterm elections that could sweep Democrats from power in Congress and slam the brakes on President Barack Obama's legislative agenda. Our midterm coverage has all the angles covered, with the latest ... (Source: Reuters Blogs 2010-11-02T21:43:34Z)

Supreme Court Weighs Ban On Violent Video Games

The U.S. Supreme Court heard arguments Tuesday in a California case testing whether states may ban the sale or rental of violent video games to minors. Copyright © 2010 National Public Radio®. For personal, noncommercial use only. See Terms of Use. For ... (Source: NPR News 2010-11-03T06:11:48Z)

Income and spending sour, but factories remain strong

WASHINGTON - A mixed picture of the economy emerged on Monday, a day before key midterm elections that have focused on the nation's financial health. Spending by Americans slowed in September and their incomes fell for the first time in more than a year ... (Source: Philadelphia Daily News 2010-11-02T18:58:56Z)

Wolters Kluwer Scheduled 2010 Third-Quarter Trading Update; Full-Year Guidance Reiterated

Wolters Kluwer, a market-leading global information services company focused on professionals, today released its scheduled 2010 third-quarter trading update highlighting solid growth in electronic products, progress on global expansion, and reiterating ... (Source: Yahoo Finance 2010-11-03T07:23:23Z)

Ivory Coast: Gbagbo leads poll with partial result

ABIDJAN, Ivory Coast— Partial results from an election aimed at reuniting war-divided Ivory Coast showed President Laurent Gbagbo with a slight lead Wednesday over the main opposition leader. Electoral commission spokesman Bamba Yacouba announced results ... (Source: Boston Globe 2010-11-03T09:10:46Z)

Violent-game law faces final level: debate in Supreme Court

WASHINGTON — Several Supreme Court justices strongly questioned whether California's attempt to bar the sale of violent video games to minors could possibly meet constitutional muster, during an animated argument yesterday. But others noted in detail ... (Source: Boston Globe 2010-11-03T09:03:36Z)

Jim Irsay: Colts holding off in contract talks for Peyton Manning

He'll just have to wait until after this season to close the deal. The Colts owner said Monday he was prepared to make a contract offer to Manning during the team's off week, but Manning and his agent wanted to wait until after the season. "Any negotiation ... (Source: USA Today 2010-11-01T18:24:19Z)

Colts wait to offer Peyton Manning deal

INDIANAPOLIS -- Jim Irsay insists Peyton Manning will be the NFL's highest-paid player next season. He'll just have to wait until after this season to close the deal. The Colts owner said Monday he was prepared to make a contract offer to Manning during ... (Source: ESPN.com 2010-11-01T18:38:38Z)

MF Global Appoints Mike Blomfield Managing Director of Asia Pacific

BusinessWire - MF Global Holdings Ltd. (NYSE: MF), a leading commodities broker-dealer, offering trading and hedging solutions across a broad set of asset classes, today announced it appointed Mike Blomfield as Managing Director of Asia Pacific. In his ... (Source: Forbes 2010-11-03T08:06:20Z)

Republicans Set to win House, Gain in Senate

Hot new s Americans unhappy with the economy are poised to hand control of the House of Representatives to Republicans in elections today, a Reuters/Ipsos poll said. Fifty percent of likely voters said they will choose a Republican candidate when they vote ... (Source: Gather.com 2010-11-02T07:17:25Z)

Consumer spending slows, incomes fall, manufacturing activity grows and builders spend more

WASHINGTON - A mixed picture of the economy emerged one day before key midterm elections that have focused on the nation's financial health. Spending by Americans slowed in September and their incomes fell for the first time in more than a year. At the ... (Source: Minneapolis Star Tribune 2010-11-01T15:03:54Z)

Amid mounting tension, Ivory Coast releases first results from presidential poll

ABIDJAN, Ivory Coast - Authorities in Ivory Coast released the first major results late Tuesday from the volatile West African country's presidential vote, as tensions mounted amid fears of possible violence. Electoral commission spokesman Bamba Yacouba ... (Source: Minneapolis Star Tribune 2010-11-03T00:42:32Z)

Economy offers mixed picture day before election

WASHINGTON -- A mixed picture of the economy emerged one day before key midterm elections that have focused on the nation's financial health. Spending by Americans slowed in September, and their incomes fell for the first time in more than a year. At the ... (Source: San Jose Mercury News 2010-11-02T02:09:37Z)

Tight Race In First Ivory Coast Elections

(ABIDJAN, Ivory Coast) — The first major results from an election aimed at reuniting war-divided Ivory Coast showed a tight race early Wednesday between President Laurent Gbagbo and this West African nation's main opposition leader. Electoral commission ... (Source: Time 2010-11-03T04:02:58Z)

Democrat power at risk in U.S. vote

WASHINGTON — President Barack Obama's Democrats faced a day of reckoning Tuesday as Americans voted in key elections likely to see Republicans seize control of the House of Representatives. Amid a wave of anger at the faltering economy, Democrats also ... (Source: Calgary Herald 2010-11-02T18:15:59Z)

Young workers' careers to carry lifelong scars of Great Recession

WASHINGTON - As the nation struggles with the aftermath of the Great Recession, few groups have suffered greater setbacks or face greater long-term damage than young Americans - damage that could shadow their entire working lives. Unemployment for 20- to ... (Source: Philadelphia Daily News 2010-11-02T19:20:24Z)

U.S., Global Manufacturing Activity Unexpectedly Ramps Up

U.S. manufacturing unexpectedly accelerated to a five-month high in October, a key survey found Monday, ahead of the Federal Reserve's two-day meeting to discuss additional stimulus for the economy. The Institute for Supply Management's manufacturing index ... (Source: Yahoo Finance 2010-11-01T23:03:30Z)

New offer for Peyton

INDIANAPOLIS -- Jim Irsay insists Peyton Manning will be the NFL's highest-paid player next season. He'll just have to wait until after this season to close the deal. INDIANAPOLIS -- Peyton Manning threw for two touchdowns and Mike Hart ran for a career ... (Source: Post-Tribune 2010-11-02T09:04:48Z)

Kaine: Democrats have a strong message for voters

Democratic Party chairman Tim Kaine says he believes the party is hitting the midterm elections in an "up cycle" and will do well on Nov. 2. Kaine tells NBC's "Today" show "it's important for us to continue to talk to Democrats and the American public ... (Source: AP - msnbc.com 2010-10-20T11:21:54Z)

Justices express strong views of ban on violent video games

WASHINGTON - The Supreme Court debated sex, violence, and free speech Tuesday, as several justices strongly argued for breaking new ground and upholding a California law that would forbid the sale of violent video games to those under age 18. "Why isn't it ... (Source: Philadelphia Daily News 2010-11-03T07:09:04Z)

Andy Hague Joins Wolters Kluwer UK as Executive Director of Croner

London, 2 November 2010 – Wolters Kluwer (www.wolterskluwer.co.uk) has appointed Andy Hague to head its Croner unit in the UK. Croner (www.cronersolutions.co.uk) is the UK's largest provider of workplace information, software and services for HR and ... (Source: PRLog (free press release) 2010-11-02T13:36:48Z)

Democrats fear heavy election losses

After a long and bitter campaign, Americans cast their votes yesterday in elections that could sweep Democrats from power in Congress and slam the brakes on President Barack Obama's legislative agenda. Anxiety over the stumbling economy and discontent with ... (Source: South Africa Mercury 2010-11-03T04:02:58Z)

Wilmington Trust to be sold to Buffalo bank

Wilmington Trust Corp., founded by du Pont family members in 1903 and profitable every year until 2008, is selling out at a fire-sale price to M&T Bank Corp., headquartered in Buffalo, because of crippling losses on construction loans for southern Delaware ... (Source: Philadelphia Daily News 2010-11-02T20:17:40Z)

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