Stocks are lower in early afternoon trading on Wall Street, amid worries about a protracted government shutdown and a weak report on hiring. Payroll company ADP says U.S. businesses added 166,000 jobs in September, below the 180,000 expected by economists polled by FactSet. The ADP report may be the only news investors get on hiring this week because the Labor Department will postpone the release of its September jobs survey, scheduled for Friday, if the government shutdown goes beyond today.
- President Barack Obama has summoned congressional leaders to the White House this afternoon to talk about the government shutdown. Republican leaders are welcoming the meeting but questioning whether Democrats are ready to deal. Obama repeatedly has said he won't negotiate changes in the new health care law, as House Republicans have been demanding, in exchange for reopening the government.
- The nation's largest rental car company plans to hire 11,000 new full-time workers by the middle of next year. Enterprise Holdings says it plans to hire nearly 8,500 for management trainee positions, including many recent college graduates. Others will be hired for positions in information technology, administration and support roles at the company headquarters in suburban St. Louis, and in branch stores. In addition to the full-time jobs, Enterprise plans to hire 1,500 interns.
- The billionaire who created Beanie Babies has pleaded guilty to a tax evasion charge that could send him to prison. H. Ty Warner broke down crying and apologized as he entered his plea today before a federal judge in Chicago. Warner admitted he failed to pay around $5 million in taxes due over 11 years. He could get up to five years in prison when he is sentenced in January.
- The website that pioneered digital invitations 15 years ago is now offering a paper version. Evite is calling its new line of paper cards Evite Ink. Customers can create invitations online, then have them printed by Evite and sent directly to party guests for $2 each, plus postage. Evite says customers were asking for paper cards to send to family members who don't use email and to have as keepsakes of special events.