Daily Wrap Up - Oct 9.

<h1>Pay czar fingerprints on Citi move to sell Phibro</h1>

The U.S. government's "pay czar" played a critical role in Citigroup's decision to sell off its lucrative commodities trading business, Phibro, a source familiar with the matter said Friday. <a href="http://www.ibtimes.com/articles/20091009/pay-czar-fingerprints-on-citi-move-to-sell-phibro.htm">Read Full Article here</a>.

<h1>GM signs deal to sell Hummer</h1>

General Motors Co&nbsp;on Friday signed an agreement to sell its Hummer SUV brand to China's Sichuan Tengzhong Heavy Industrial Machinery in a deal that marks the first time a Chinese buyer has acquired a distressed asset from the American auto industry. <a href="http://www.ibtimes.com/articles/20091009/gm-signs-deal-to-sell-hummer.htm">Read Full Article here</a>.

<h1>U.S. trade gaps narrows unexpectedly</h1>

The U.S. trade gap narrowed unexpectedly in August as oil imports plunged and exports grew for the fourth consecutive month, a U.S. Commerce Department report showed on Friday. <a href="http://www.ibtimes.com/articles/20091009/utrade-gaps-narrows-unexpectedly.htm">Read Full Article here</a>.

<h1>Ford, UAW nearing agreement on contract changes</h1>

Ford Motor Co is nearing a deal with the United Auto Workers to bring its labor contract in line with concessions granted to GM and Chrysler, according to a person briefed on the talks. <a href="http://www.ibtimes.com/articles/20091009/ford-uaw-nearing-agreement-on-contract-changes.htm">Read Full Article here</a>.

<h1>Wynn Macau debut cashes in on Asia gaming fever</h1>

Wynn Macau's <1128.HK> strong debut in Hong Kong on Friday shows appetite for gambling stocks is strong despite high valuations, and will cheer U.S. casino rival Las Vegas Sands , which plans a listing later this year. <a href="http://www.ibtimes.com/articles/20091009/wynn-macau-debut-cashes-in-on-asia-gaming-fever.htm">Read Full Article here</a>.

<h1>Book trade seeks new models and a deal with Google</h1>

The world's book trade will meet in Frankfurt next week on the brink of a long-feared transformation of the industry for which few are well prepared. <a href="http://www.ibtimes.com/articles/20091009/book-trade-seeks-new-models-anddeal-with-google.htm">Read Full Article here</a>.

<h1>High hopes and big risks in tech earnings</h1>

The biggest risk for investors in technology, with stock prices up a whopping 55 percent this year, is they might be just a little too happy. <a href="http://www.ibtimes.com/articles/20091009/high-hopes-and-big-risks-in-tech-earnings.htm">Read Full Article here</a>.&nbsp;