• Alcoa kicks off earnings season in the U.S. today after the close. Investors will be scrutinizing the impact of global economic slowdown. Analysts are expecting 22 or 23 cents in earnings. From Bloomberg News.
• China’s sovereign wealth fund bought shares of the country’s banks yesterday as transparency concerns prompted selling in the sector. Fears of financial misrepresentations are spreading from a small group of U.S. listed stocks. From the Wall Street Journal.
• New York’s Comptroller issued a report warning of financial services job losses totaling 10,000 by 2012 in the city. If that prediction holds true job losses in the sector will amount to 17% since 2008. Financial services employment and wages are crucial to the city’s budgeting. From the Wall Street Journal.
• Citigroup analyst, Keith Horowitz, is out with a note cutting Goldman Sachs Q3 earnings to a loss of 65 cents. From Reuters News.