While You Were Away...
Ford (F ) in a Ditch
Saddled with unpopular trucks and SUVs, the carmaker said it will cut fourth-quarter production by 20% -- and it may be hunting for a partner.
Ben Bernanke and his Fed fellows voted not to raise rates in August for the first time in 17 meetings.
The Sound of a Bubble Bursting?
August data left no doubt that housing has the blues. Sales of new and previously owned homes tumbled, inventories got fatter, and luxury builder Toll Brothers (TOL ) waxed pessimistic.
Indra Nooyi was named CEO of PepsiCo (PEP ), and Pfizer (PFE ) named Jeffrey Kindler to replace Henry McKinnell Jr.
Dell's (DELL ) dismal summer got even worse, as second-quarter profits sank by 51% and the SEC starting poking around.
Onetime investment banker extraordinaire Frank Quattrone cut a deal with the feds and may be back in business before long.
By Harry Maurer