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Tuesday October 5, 2010
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  • [taurus]

    For Luck, Indians Opt for C-Sections

    An increasing number of middle-class Indian moms-to-be are consulting their astrologers and then scheduling caesarean sections for good-luck dates.

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BUSINESS & FINANCE

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    Shares fell as investors favored Treasurys and the dollar. The Dow Jones Industrial Average lost 78.41, or 0.7%, to close at 10751.27, their worst performance in nearly a month. The gain in Treasurys was due to investors betting on the Fed Reserve to step up government-debt buys. The yield on the two-year note hit a record low of 0.407%.

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    Goldman Sachs, hitherto one of the biggest Treasury-bond bulls, now says the rally has seen its peak and the best trade is to buy stocks, not bonds.

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    Grupo Televisa will pay $1.2 billion to help recapitalize Univision Communications and gain a minority stake in return.

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    The U.S. sued AmEx on antitrust grounds after the credit-card issuer refused to join an industry agreement easing merchant restrictions. AmEx says the settlement has its own anticompetitive ramifications.

WORLD-WIDE

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    Germany played down the threat of a terror attack. The country's interior minister said police and intelligence services have "no concrete evidence" an attack is imminent. The statement followed a U.S. warning of a possible attack in the U.K., France or Germany. Wire services reported that a U.S. drone strike in Pakistan's Waziristan region killed as many as eight German militants.

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    Germany intelligence is monitoring suspected militants who have gone to Pakistan and Afghanistan for training, an official said.

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    The Nobel Prize in medicine was awarded to British scientist Robert Edwards for his role in the development of clinical in vitro fertilization.

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    The Supreme Court opened its term with Kagan taking her place. The justices rejected appeals from families of 9/11 victims and Adelphia's founders.

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ELECTION 2010

WORLD NEWS

FOOTNOTES

This index is compiled from the late edition of The Wall Street Journal distributed to East Coast readers. Images of section fronts are available after 5 a.m. ET on the day of publication.

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