| LATEST NEWS | | Labor market woes sink Wall Street | | NEW YORK (Reuters) - Stocks tumbled 2 percent on Friday after data showing zero jobs growth in August brought investors face-to-face with the prospect of another recession. | Full Article | | | U.S. regulator sues major banks over mortgages | | September 02, 2011 04:29 PM ET | | WASHINGTON/NEW YORK (Reuters) - A U.S. regulator sued a series of big banks on Friday over losses on more than $41 billion in subprime mortgage bonds, which could hamper a broader government mortgage settlement with banks. | Full Article | | Job growth stalls, fuels recession fears | | September 02, 2011 04:33 PM ET | | WASHINGTON (Reuters) - U.S. employment growth ground to a halt in August, reviving recession fears and piling pressure on both President Barack Obama and the Federal Reserve to provide more stimulus to aid the frail economy. | Full Article | | Berkshire revised Wesco docs under SEC pressure | | September 02, 2011 02:45 PM ET | | NEW YORK (Reuters) - Berkshire Hathaway extensively revised documents related to the acquisition of Wesco Financial at the insistence of securities regulators, according to an April letter made public on Friday. | Full Article | | Murdoch and son get big bonuses, James declines | | September 02, 2011 04:36 PM ET | | NEW YORK (Reuters) - News Corp awarded Rupert Murdoch and his son James big compensation increases, though James declined his bonus, citing controversy over a phone hacking scandal at the UK newspaper unit that he oversees. | Full Article | |  | | US TOP NEWS | | U.S. regulator to sue major banks over mortgages | | September 02, 2011 04:23 PM ET | | WASHINGTON/NEW YORK (Reuters) - A U.S. regulator plans to sue major banks in coming days over subprime mortgage bonds, two sources said, in a lawsuit that may hamper a broader government mortgage settlement with banks. | Full Article | | Obama backtracks on smog plan | | September 02, 2011 03:40 PM ET | | WASHINGTON (Reuters) - President Barack Obama put a stop on Friday to new rules that would limit smog pollution, unexpectedly reversing course on a key policy measure after businesses argued it would kill jobs and cost them billions of dollars. | Full Article | | Analysis: Damages ruling may be pivotal in BP case | | September 02, 2011 12:58 PM ET | | NEW YORK (Reuters) - A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case -- encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a long string of trials over damages. | Full Article | | Fed asks BofA to list contingency plan: report | | September 02, 2011 04:12 AM ET | | (Reuters) - The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation. | Full Article | | Napolitano: no 9/11 anniversary Qaeda plot seen | | September 02, 2011 11:49 AM ET | | WASHINGTON (Reuters) - Homeland Security Secretary Janet Napolitano said on Friday there was no credible intelligence that al Qaeda was plotting an attack for the September 11 anniversary, but the United States remained at a heightened state of vigilance. | Full Article | | | | HEALTH NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | |
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