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U.S. District Judge Paul Gardephe pushed back the insider trading trial of former SAC Capital Advisors portfolio manager Mathew Martoma to January 6 at the request of Martoma's lawyer, Richard Strassberg, who is taking part in another trial starting this week. Prosecutors charged Martoma with insider trading of the shares of drug companies Elan Corp Plc and Wyeth, which is now part of Pfizer
Honeywell said it wanted U.S. air safety regulators to explain a new proposal to compel airlines to change cockpit instrument panels the company makes for Boeing planes over concerns that Wi-Fi signals could wipe out crucial readings and create a risk of crashing.
Former Secretary of State Hillary Clinton said that a government shutdown would hurt Republicans politically and "wouldn't be the worst thing" for her own Democratic Party.
In rare remarks for a senior Federal Reserve official, Dallas Fed President Richard Fisher criticized the White House's process of picking the next Fed chair. "The White House has mishandled this terribly," told the Independent Bankers Association of Texas. "It just makes it sound like we are a political instrument. We are not, we cannot be, we should not be, we must never be a political instrument."