UNITED STATES

White House's Romer: jobs will lag growth

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A jump in U.S. unemployment to 10.2 percent last month reflects the typical lag shown by the labor market as growth picks up, a top economic adviser to President Barack Obama said on Friday.
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Unemployment at 10.2 percent in October

The household unemployment rate rose to 10.2 percent, highest in 26-1/2 years, as employers shed 190,000 in nonfarm payrolls in October, the Labor Department said on Friday.
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U.S. unemployment rate hits 10.2 percent

The U.S. unemployment rate unexpectedly jumped to 10.2 percent in October, breaching the politically sensitive double-digit barrier for the first time in 26-1/2 years, even though the pace of job losses slowed.
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No takers for Abbas' Palestinian presidency

There were no bids by younger Palestinian leaders on Friday to step into the shoes of President Mahmoud Abbas, who says he does not want to run for re-election in January.
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Health reform gets boost before vote

With a close vote looming in the House of Representatives, President Barack Obama's push for healthcare reform was boosted on Thursday by the support of powerful lobbies representing doctors and seniors.
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Cheney urges strong U.S. commitment to Afghan war

Former Vice President Dick Cheney on Thursday urged President Barack Obama to commit enough troops to win the war in Afghanistan, warning hesitation would embolden U.S. foes and devastate its allies.
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China blasts U.S. duties ahead of Obama visit

China denounced as protectionist new U.S. anti-dumping duties on steel pipes and launched its own investigation into imports of U.S.-made automobiles on Friday, a week before a visit by President Barack Obama.
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Death toll hits 13 in Texas shooting spree

The death toll from an Army psychiatrist who opened fire at the Fort Hood Army post rose to 13 on Friday, and Army officials said the suspected shooter was hospitalized and on a ventilator.
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Carbon futures wilt on climate pact delay

European Union carbon emissions futures wilted slightly on Friday but were largely unaffected by news that a U.N. climate pact will likely be delayed into 2010, traders said.
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Internet seen censorship liable to WTO challenge

Censorship of the Internet is open to challenge at the World Trade Organization as it can restrict trade in services delivered online, a forthcoming study says. A censorship case at the WTO could raise sovereignty issues, given the clear right of member states to restrict trade on moral grounds -- for example, by blocking access to child pornography websites.
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European shares fall back, U.S. jobs data weighs

European shares turned negative in afternoon trade on Friday after data showed U.S. employers cut 190,000 jobs in October, more than expected and driving the unemployment rate to 10.2 percent, the highest in 26-1/2 years.
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Stock futures slide after bleak employment data

U.S. stock index futures pointed to a nearly 1 percent drop at the open on Friday as U.S. unemployment reached a more than 26-year high and topped the psychologically important 10 percent level.
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Gold hovers around $1,090, U.S. jobs data eyed

Gold held steady around $1,090 an ounce on Friday after its rally to a record high this week on anticipation of renewed central bank demand came to a halt, with investors looking to economic data for direction.
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BA sees improved outlook, swings to H1 loss

British Airways Plc fell to a worse than expected first-half loss and forecast revenue would slump by 1 billion pounds this year, but analysts said the worst could be over as the airline signaled business was stabilizing.
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U.S. jobless rate climbs to 10.2 percent

U.S. employers cut a deeper-than-expected 190,000 jobs in October, government data showed on Friday, driving the unemployment rate to 10.2 percent, the highest in 26-1/2 years.

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