Jobs Report: Jobless rate dropped to 9.4%
The White House boasted a new jobs report Friday as evidence the US economy country has pulled back from recession. US job employment slowed down slightly to 9.4 percent from 9.5 percent while Jobs fell by 247,000, after a 443,000 loss in June the labor and department reported today in Washington.
Business Books: Fed is fourth branch of U.S. government
For David Wessel, an award-winning journalist for the Wall Street Journal, last year's financial crisis was the The Great Panic.
New
The veteran Italian filmmaker, who turns 90 on Saturday, is developing a remake of his original 1968 sci-fi movie, which immortalized Jane Fonda as a sex symbol.
Payrolls fall less in July, jobless rate eases
The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, providing the clearest indication yet that the economy was turning around.
Taliban Chief Mehsud confirmed dead in U.S. attack
Pakistan confirmed on Friday that Taliban chief Baitullah Mehsud, who has a $5 million U.S. bounty on his head, was killed in a missile strike and that his body was buried in South Waziristan.
George Sodini didn't seem like a bad man: Erin Micklow
George Sodini, the men suspected of shooting three women dead in a Pennsylvania gym was studious and very quiet, according to a women in a self-help seminar he attended.
Gov. Sanford's wife moves out with children
Jenny Sanford, the wife of South Carolina Gov. Mark Sanford, is moving out from the official governor's residence in Columbia for the school year along with the couple's four children.
Colonial BancGroup faces criminal probe, FDIC action
Colonial BancGroup Inc said it faces a criminal probe by the U.S. Department of Justice related to accounting irregularities at its mortgage lending unit, and the struggling lender warned it may be put under receivership.
London: A City Fit for a Queen
London is a wonderful place to visit whether you grew up in Europe or elsewhere. As soon as you enter the confines of the city, you realize that it is strikingly different from the rest of Europe.
Obama: Worst may be over in economic crisis
President Barack Obama said on Friday the latest U.S. unemployment figures showed the worst may be over in the economic crisis but acknowledged there was more work to be done to put the economy back on track.
Mel Martinez resigns, Gov. Charlie Crist to appoint new Senator
Florida Sen. Mel Martinez, the only Hispanic Republican in the Senates, said he is resigning on Friday, according to Fox News.
Markets advance on June payroll data, bank strength
U.S. stocks advanced on Friday after stronger-than-expected non-farm payroll data lifted investor optimism and pushed the S&P 500 to a 10-month high.
Magna swings to loss on slowing auto production
Magna International Inc , one of the bidders vying to buy carmaker Opel from General Motors , reported a quarterly loss on Friday given a decline in global auto production.
RBS banker exodus damaging, not yet destructive
Royal Bank of Scotland has suffered a damaging but not yet destructive exodus of top staff and some areas of investment banking had lost significant numbers, the British bank's chief executive said.
S&P hits 10-month high on job data as banks fly
Stocks rallied, driving the Standard & Poor's 500 Index to a 10-month high on Friday after a stronger-than-expected jobs report added to recent data pointing to an economic recovery.
AIG shares jump after posting profit
AIG, the giant insurer bailed out by the U.S. government, posted its first profit in seven quarters on Friday, helped by large investment gains as financial markets improved, sending its shares up 18 percent.
VW more positive on 2009 sales -report
Volkswagen is targeting a decline in full-year sales of 5 percent, or not much below 5.92 million vehicles, from an earlier forecast for a 10 percent fall, group sales chief Detlef Wittig told Autogazette in an interview published on its website.
Construction, manufacturing hold highest unemployment rates
The construction and manufacturing industries were experiencing the highest unemployment rates among industries in July, according to the latest government report.
Merck holders approve Schering-Plough deal
Merck & Co shareholders overwhelmingly approved the drugmaker's planned merger with Schering-Plough Corp, and the deal remains on track to close in the fourth quarter, Merck said on Friday.
Malaysia denies Internet filter will curb dissent
Malaysia denied on Friday that a proposed Internet filter would be used to police blogs and websites, saying it would be used only to block pornography.
Canada repeatedly refused to help Nortel -executive
The Canadian government repeatedly refused to help Nortel Networks over the past year as the telecom equipment maker fought to avoid filing for bankruptcy protection, a senior Nortel executive told a parliamentary committee on Friday.
Bharti Airtel may sweeten MTN stake offer-source
Indian mobile phone giant Bharti Airtel may increase its offer for a stake in South African peer MTN by between 5 and 10 percent, a source familiar with the negotiations told Reuters.
Clinton urges South Africa to press Zimbabwe for reform
U.S. Secretary of State Hillary Clinton encouraged South Africa Friday to press for reform in Zimbabwe and said Washington would build closer ties with Pretoria after strains under the Bush administration.
Mehsud probably dead, but will it help win the war?
As information poured in on Friday that Pakistani Taliban leader Baitullah Mehsud was killed two days ago by a U.S. missile strike, a whole series of questions arise over what it would mean for Pakistan, Afghanistan and U.S. policy and Western military forces in the region.
Pakistan says Taliban chief is probably dead
Pakistan believes Taliban chief Baitullah Mehsud, who has a $5 million U.S. bounty on his head, was probably killed with his wife and bodyguards in a missile attack two days ago, the interior minister said on Friday.
Is Twitter safe after being 'politically' attacked?
The distributed denial of service attack on Thursday that targeted Twitter, Facebook, LiveJournal, and several Google sites may have been politically motivated.
RBS posts loss, warns of tough years ahead
Royal Bank of Scotland reported more losses on Friday as investment banking profits failed to offset bad debts, and the state-controlled lender warned of more poor results to come before a lasting recovery.
Obama gives healthcare pep talk as Senate leaves
President Barack Obama delivered a pep talk to a bipartisan group of senators negotiating a healthcare overhaul on Thursday as the U.S. Senate headed on vacation without a deal on his top domestic priority.
FDA chief vows to speed up inspections, warnings
The U.S. Food and Drug Administration's top official vowed on Thursday to warn companies more quickly about problems found during inspections and act more aggressively in serious cases that could directly harm consumers and patients.
Certain drugs may increase risk of falling
In elderly men and women, certain medications can increase the risk of falling, new research shows.
