Reuters - The U.S. unemployment rate
unexpectedly shot up to 6.1 percent in August, the highest in
over 4-1/2 years, as employers cut payrolls for an eighth
straight month ... Discussion
Reuters - Bank of America Corp , said it
is ready to settle federal and state probes into the marketing
of auction-rate securities, joining eight other companies that
reach ... Discussion
Reuters - Stocks headed for a lower open on
Friday after a government report showed the U.S. labor market
deteriorated further in August, pushing the unemployment rate
to i ... Discussion
Reuters - The U.S. unemployment rate
unexpectedly shot up to 6.1 percent in August, its highest in
more than 4-1/2 years, as employers cut payrolls for an eighth
straight m ... Discussion
Reuters - Pacific Investment Management Co, the
world's biggest manager of bond funds, named Mohamed El-Erian
as its sole chief executive after co-CEO Bill Thompson retires ... Discussion
Reuters - U.S. stock futures sharply extended
losses on Friday as a government report showed the U.S. economy
shed 84,000 jobs in August, significantly more than economists ... Discussion
Reuters - U.S. stock futures fell further on
Friday after Nokia (NOK1V.HE) slashed its third-quarter market
share outlook, heightening investors' concern about the global
s ... Discussion
AFP - The European Central Bank kept its key lending rate unchanged on Thursday and slashed its growth forecasts for this year and next, sending stock markets and the euro int ... Discussion
Reuters - Pacific Investment Management Co, the manager
of the world's biggest bond fund, named Mohamed El-Erian as its
chief executive to replace Bill Thompson, who will re ... Discussion
Reuters - Merrill Lynch & Co , battered by more
than $40 billion of write-downs tied largely to mortgages, will
likely incur fresh write-downs, in addition to those assumed ... Discussion
Reuters - Columbia Bancorp , the holding company
for Columbia River Bank, said it plans to close its mortgage
banking division, affecting about 39 jobs, as it strives to cut ... Discussion
Reuters - Dell Inc is trying to sell computer
factories around the world in efforts to cut cost and improve
profitability, the Wall Street Journal said. Discussion
AFP - Hong Kong is considering banning fishing trawlers in its waters to save fish stocks, a report said Thursday. The drastic proposal comes as annual catches were estimated ... Discussion
Reuters - Microsoft Corp kicked off a
$300 million marketing campaign on Thursday, aimed at improving
the image of its Windows Vista operating system and strike back
at Ap ... Discussion
Reuters - Less than a day after
voting to strike, Boeing workers expressed frustration
and anger on Thursday at the decision by union leaders to
postpone a walkout and neg ... Discussion
Reuters - U.S. private equity house Lone Star is
seriously considering suing the South Korean government if it
delays approval beyond September of the firm's $6.3 billion
s ... Discussion
Reuters - Hedge fund company Atticus Capital
denied market rumors it was liquidating its positions and
closing down and said it had a large net capital position and
was loo ... Discussion
Reuters - Banks and businesses are still having
trouble raising money, according to data on Thursday that
reinforced the prospect that the year-long U.S. credit crisis
will ... Discussion
Reuters - Lehman Brothers Holdings Inc
is considering a plan to put some $32 billion of its commercial
real estate and mortgage assets in a new company and spin it
off, Bl ... Discussion
Reuters - An indicted former Credit Suisse
broker was in U.S. custody on Thursday to face
charges over deceptive sales of subprime-related auction-rate
debt, the FBI said. Discussion
