TOKYO (Reuters) - Japanese electronics maker Panasonic Corp is in talks with Goldman Sachs and two other major shareholders of Sanyo Electric Co Ltd to buy a controlling stake in its smaller rival, company and financial sources said on Saturday.

Original post by Reuters: Business News

TOKYO (Reuters) - Japanese electronics maker Panasonic Corp plans to begin talks to take control of smaller rival Sanyo Electric Co , the Nikkei business daily reported on Saturday.

Original post by Reuters: Business News

NEW YORK (Reuters) - Citigroup Inc lost $1.4 billion from packaging credit card loans into bonds in the third quarter, a regulatory filing showed on Friday.

Original post by Reuters: Business News

NEW YORK (Reuters) - Wall Street hopes to turn a new page as it heads into November, but next week is littered with hurdles ranging from the U.S. presidential election to a likely gloomy jobs report.

Original post by Reuters: Business News

NEW YORK (Reuters) - Americans slashed spending and the country’s business outlook weakened but there were signs of stabilization in global markets on Friday, with interbank rates falling and U.S. stocks posting their best week in 34 years.

Original post by Reuters: Business News

DETROIT (Reuters) - U.S. auto sales are expected to plunge to the lowest levels of the year in October and possibly the slowest running rate in two decades, with no certainty of when consumer confidence will return.

Original post by Reuters: Business News

WASHINGTON (Reuters) - U.S. bank regulators on Friday closed Freedom Bank in Florida, the 17th bank to fail this year as the weakening economy and falling home prices take their toll on financial institutions.

Original post by Reuters: Business News

WASHINGTON (Reuters) - U.S. bank regulators on Friday closed Freedom Bank in Florida, the 17th bank to fail this year as the weakening economy and falling home prices take their toll on financial institutions.

Original post by Reuters: Business News

BERKELEY, California (Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday that U.S. backing for the debt issued by home mortgage finance firms Fannie Mae and Freddie Mac in their current form must stand firm, even though it is appropriate to debate their future.

Original post by Reuters: Business News

NEW YORK (Reuters) - American International Group Inc’s aircraft leasing unit has been approved to participate in the U.S. Federal Reserve’s commercial paper funding facility.

Original post by Reuters: Business News