Buffett Says Now Is the Time to Buy US Equities (Update1)
Bloomberg
By Alan Purkiss Oct. 17 (Bloomberg) — Warren Buffett said he’s buying US stocks and, if prices stay attractive, his personal investments, as distinct from his stake in Berkshire Hathaway Inc., will soon be wholly in American equities.

Bush Defends Capitalism
Forbes
President George W. Bush wants the American business community to know that while capitalism may be on the ropes, it’s certainly not out for the count.

GM, Chrysler Step Up Consolidation Talks
Washington Post
By Kendra Marr Cerberus Capital Management, which owns Chrysler, has hired lender JP Morgan to represent it, said a person close to the situation who was not authorized to speak publicly.