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• Wall Street trims early gains on Europe, earnings (Reuters)
• Eurozone gets ECB boost, summit deal uncertain (Reuters)
• New home sales rise in September, prices fall (Reuters)
• Ex-Goldman director Gupta charged with insider trading (Reuters)
• Analysis: Volcker pay curbs spark fears of Wall St. exodus (Reuters)
• Summary Box: Stocks slide as Europe deal falters (AP)
• Mortgage applications bounced last week: MBA (Reuters)
• WellPoint's 3Q profit falls 7.5 pct; outlook rises (AP)
• Merkel wins euro fund vote, warns on prosperity (Reuters)
• College prices up again as states slash budgets (AP)
• Merkel presses private bondholders on Greece (AP)
• Shoppers won't get break from cotton price dip (Reuters)
• Oil falls more than 2 pct. on supply increase (AP)
• McCaskill sells private plane (AP)
• GM to invest $275M in Indiana truck plant (AP)

Wall Street trims early gains on Europe, earnings (Reuters) Posted: 26 Oct 2011 09:16 AM PDT Reuters - Stocks erased early gains on Wednesday, with the Dow and S&P well off their highs and the Nasdaq negative, on caution over a European summit to resolve the debt crisis and the economic outlook.

Eurozone gets ECB boost, summit deal uncertain (Reuters) Posted: 26 Oct 2011 09:33 AM PDT Reuters - The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday which looked set to fall short of a definitive plan to tackle the bloc's debt crisis.

New home sales rise in September, prices fall (Reuters) Posted: 26 Oct 2011 07:07 AM PDT Reuters - New single-family home sales rose at their fastest pace in five months in September, a government report showed on Wednesday, but sustained price declines indicated the housing market is far from recovery.

Ex-Goldman director Gupta charged with insider trading (Reuters) Posted: 26 Oct 2011 08:39 AM PDT Reuters - Rajat Gupta, a former director of Goldman Sachs Group Inc and Procter & Gamble, was arrested on Wednesday on insider trading charges, making him the most prominent executive to be accused in a broad U.S. crackdown on illegal leaks of corporate secrets.

Analysis: Volcker pay curbs spark fears of Wall St. exodus (Reuters) Posted: 26 Oct 2011 09:36 AM PDT Reuters - The Volcker rule has created a new battlefield over Wall Street pay that banks fear will send their star traders and hedge fund advisers fleeing.

Summary Box: Stocks slide as Europe deal falters (AP) Posted: 25 Oct 2011 02:05 PM PDT AP - EUROPE: Stocks slid after a key meeting between financial ministers scheduled for Wednesday was canceled. The abrupt notice led some investors to believe that a deal to solve Europe's debt crisis may not be as close as originally thought.

Mortgage applications bounced last week: MBA (Reuters) Posted: 26 Oct 2011 04:09 AM PDT Reuters - Applications for home mortgages rose last week, recouping some of the steep decline a week before as demand for both purchases and refinancing perked up, an industry group said on Wednesday.

WellPoint's 3Q profit falls 7.5 pct; outlook rises (AP) Posted: 26 Oct 2011 09:11 AM PDT AP - WellPoint Inc.'s third-quarter earnings fell more than 7 percent compared to last year, but the health insurer's shares climbed Wednesday after it raised its 2011 net income forecast and said it expects growth in 2012.

Merkel wins euro fund vote, warns on prosperity (Reuters) Posted: 26 Oct 2011 09:12 AM PDT Reuters - Chancellor Angela Merkel warned Europe not to be complacent about its peace and prosperity on Wednesday, as German lawmakers approved plans to boost the firepower of the euro zone rescue fund ahead of an emergency EU summit.

College prices up again as states slash budgets (AP) Posted: 26 Oct 2011 07:59 AM PDT AP - As President Obama prepared to announce new measures Wednesday to help ease the burden of student loan debt, new figures painted a demoralizing picture of college costs for students and parents: Average in-state tuition and fees at four-year public colleges rose an additional $631 this fall, or 8.3 percent, compared with a year ago.

Merkel presses private bondholders on Greece (AP) Posted: 26 Oct 2011 08:26 AM PDT AP - Chancellor Angela Merkel won the support of German lawmakers to increase the firepower of the eurozone's bailout fund Wednesday and indicated that private investors like banks should take losses of at least 50 percent on their Greek debt holdings.

Shoppers won't get break from cotton price dip (Reuters) Posted: 25 Oct 2011 11:03 AM PDT Reuters - U.S. shoppers who bought jeans, T-shirts and socks lately have had to shell out more cash. They'd better get used to it.

Oil falls more than 2 pct. on supply increase (AP) Posted: 26 Oct 2011 08:41 AM PDT AP - Oil prices dropped more than 2 percent after the government said U.S. crude supplies grew much more than expected last week.

McCaskill sells private plane (AP) Posted: 26 Oct 2011 08:54 AM PDT AP - Sen. Claire McCaskill, D-Mo., has sold a private plane she co-owns with her husband, months after her use of it for official business and failure to pay back taxes created a political headache.

GM to invest $275M in Indiana truck plant (AP) Posted: 26 Oct 2011 09:10 AM PDT AP - General Motors says it will invest about $275 million at its Ft. Wayne, Ind., pickup truck plant.

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