FDIC: Lakeview, Ohio bank fails, Sandusky bank buys deposits (The Toledo Blade)
WASHINGTON - Miami Valley Bank of Lakeview, Ohio, has failed, and its deposits will be taken over by another Ohio bank, federal regulators said Thursday.

Talk Show (BusinessWeek)
"This is Wall Street voting with [its] feet about how rapidly the mortgage market is coming back. They're saying it is not coming back quickly." -- Brad Hintz, analyst at Sanford C. Bernstein, on Morgan Stanley's job cuts and $940 million third-quarter write-down, as reported by USA Today

FDIC: Miami Valley Bank Fails (AP via Yahoo! Finance)
The Federal Deposit Insurance Corp. said Thursday that Miami Valley Bank of Lakeview, Ohio, has failed, and its deposits will be taken over by another Ohio bank.

GE to Cut About 1,400 Lighting Jobs in U.S., Brazil (Update2) (Bloomberg.com)
Oct. 4 (Bloomberg) -- General Electric Co., founded by incandescent bulb developer Thomas Edison, plans to cut about 1,400 jobs at its lighting division as the company closes plants in the U.S. and Brazil amid a consumer shift to more energy- efficient fluorescent lamps.

Subprime lender leaves Sharonville (The Cincinnati Enquirer)
Nationstar Mortgage has closed its office at 1 Crowne Pointe, terminating 54 employees. The Dallas-based company stopped making loans through brokers last month in the face of rising foreclosures and declining business.