- (Reuters) - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.
- Congress might be close to a deal on the $700 billion financial sector bailout.
- U.S. durable goods orders fell 4.5% in August -- weaker than expected. Excluding transportation, orders were down 3.0%.
- U.S. new home sales fell 11.5% from July's pace -- weaker than expected.
- U.S. jobless claims rose 32,000 last week to 493,000
- Japan's manufacturing sentiment improved from -15.1 to -10.0
- Bellwether GE cut its earnings outlook and announced steps to strengthen its capital base, including suspending share repurchases and holding its dividend flat through next year.
- YoY, Global Insight anticipates inbound cargo volumes at US ports will be down 6%.
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