IBT Staff Reporter

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Tropical Storm New Orleans: Flooding Is a Greater Threat Than Winds

Tropical Depression 13, which continued to move toward the Gulf Coast on Friday, has winds up to 35 miles per hour, but the region can't rest easy. The storm may not be packing hurricane-force winds when it hits New Orleans, but it could drench the city with up to 20 inches of rain and cause severe flooding.

Job Growth Grinds to a Halt in August

Employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

Instant View: Job Growth Grinds to a Halt in August

U.S. employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

Yankees Claw Back to Keep Heat on Red Sox

The New York Yankees rallied from behind and held on through a tense ninth inning for a 4-2 win over the Boston Red Sox on Thursday to keep the heat on their bitter rivals in the American League East.

Appeals Court asked to Vacate Don't Ask Judgment

Obama administration lawyers asked a federal appeals court on Thursday to vacate a judgment declaring Don't Ask, Don't Tell unconstitutional now that the ban on openly gay men and women in the military is about to be repealed.

Futures dip ahead of jobs data; banks eyed

Stock index futures fell on Friday ahead of labor market data expected to underscore fears the economy is headed for another recession and as concerns about the euro zone debt crisis resurfaced.

Greece, EU/IMF at odds over deficit; pause talks

Talks between Greece and international inspectors on whether it has met conditions for a new aid tranche have been put on hold, officials said on Friday, after disagreements over why and by how much its deficit cuts program has fallen behind schedule.

ECB steps up pressure on Italy as debt worries grow

European Central Bank President Jean-Claude Trichet told Italy's struggling center-right government to deliver on its promised austerity package, adding to international pressure on weakened premier Silvio Berlusconi.

U.S. Open - Djokovic, Federer Eases Into Third Round

World number one Novak Djokovic displayed exactly why he has lost just two matches this year with a demolition of Argentina's Carlos Berlocq in the US Open, while Roger Federer also had an easy day at Flushing Meadows.

Futures fall ahead of jobs data; banks eyed

Stock index futures fell on Friday ahead of labor market data expected to underscore fears the economy is headed for another recession and as concerns about the euro zone debt crisis resurfaced.

U.S. to sue big banks over mortgage securities: report

The agency that oversees mortgage markets is preparing to file suit against more than a dozen big banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, The New York Times reported on Thursday.

Greece, EU/IMF pause talks; to resume in 10 days

Talks between Greece and EU/IMF/ECB inspectors on whether it has met conditions for a new aid tranche have been put on hold, a Greek official said on Friday, a day after Athens admitted it would miss its budget deficit targets this year.

Stocks seen lower ahead of payroll data

Stock index futures pointed to a lower open on Wall Street on Friday, with futures for the S&P 500, Dow Jones and Nasdaq 100 all down 0.7 percent at 5:18 a.m. EDT on fears the U.S. non-farm payrolls could be weaker than expected.

China's Baidu offers glimpse of new mobile OS

China's top search engine Baidu Inc offered a glimpse of its upcoming mobile operating system and launched a new mobile application platform on Friday aimed at bolstering its presence in the increasingly competitive mobile web market.

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