CHICAGO – Fall really is an appealing season – as in filing appeals. Today, L. Dennis Kozlowski and Mark H. Swartz, the two former top executives of Tyco International Ltd., are expected to file appeals of their 2005 jail sentences for taking millions of dollars from the manufacturing conglomerate.
Meanwhile, on the retail front, most of the big names will report September same-store sales on Thursday, with strength in department stores seen driving a solid gain.
Friday’s jobs report for September is expected to show another modest increase, while the jobless rate is expected to hold steady. Economists’ forecasts focus on a 125,000 increase in payrolls in September after a 128,000 increase in August. The jobless rate is expected to hold at 4.7 percent for another month, while average hourly earnings are expected to have risen by 0.3 percent after a 0.1 percent increase in August.
FCC public meetings
The Federal Communications Commission on Tuesday will hold the first public meetings on media-ownership regulations. The Los Angeles session is part of a series of hearings on policy changes.
These changes would allow media giants to own more television stations, a decision that could ultimately lead to media giants owning more newspapers and TV stations in the same market.
Two stock exchange milestones are coming up. A six-month period during which Nasdaq Stock Market Inc. was generally restricted from bidding again for London Stock Exchange PLC comes due Monday. Nasdaq had bid about $4.2 billion for the LSE in March, but the LSE rejected the proposal. Meanwhile, Nasdaq’s chief rival will ramp up an improved electronic stock trading system starting Friday. That’s when the New York Stock Exchange will start the gradual rollout of the third phase of its “hybrid market” system to better compete with newer, more nimble electronic rivals.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.