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Stocks rally as jobs data spurs optimism (Reuters)

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.


Taxpayers likely to face initial loss on GM IPO: sources (Reuters)

FILE - In this June 13, 2010 file photo, Tim Allen arrives at the world premiere of 'Toy Story 3,' at The El Capitan Theater in Los Angeles. General Motors Co. said Friday, Sept. 3, 2010, Tim Allen will be a spokesman for the brand and will star in a series of TV ads for the 2011 Chevrolet Cruze that begin airing on Tuesday. (AP Photo/Katy Winn, file)Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.


Payrolls data offer ray of hope for recovery (Reuters)

People wait in line to enter the City University of New York (CUNY) Big Apple job fair in New York, April 23, 2010. REUTERS/Shannon StapletonReuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.


China tells state companies to explore Potash bid (Reuters)

PotashCorp mill general superintendent Trevor Berg holds a handful of chicklet potash at a potash holding centre at the Cory mine facilities near Saskatoon, August 19, 2010. REUTERS/David StobbeReuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.


Obama to address new economic ideas next Wednesday (Reuters)

President Barack Obama delivers remarks on the latest employment statistics released on Friday, alongside Treasury Secretary Tim Geithner in the Rose Garden of the White House, September 3, 2010. REUTERS/Jason ReedReuters - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.


Ex-hedge fund manager charged with insider trading (Reuters)

Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc.

Broke youth anti-crime groups want federal cash (AP)

In a Friday, June 4, 2010 photo, floor manager David Gonzalez, center, talks on the phone as Angel Delgado, foreground left, drink his soda while working at Homeboy Industries in Los Angeles. Organizations trying to prevent youngsters from joining gangs have been hit hard by the sour economy. Homeboy Industries, which employed ex-gang members as a way of keeping them off the street, had to fire more than 300 of its workers as donations and city subsidies plummeted. (AP Photo/Jae C. Hong)AP - A $1.6 billion congressional bailout of sorts could help financially flailing groups that fight to keep young people out of trouble, yet lawmakers are reluctant to take up the expensive proposal amid a sour economy and other, more pressing issues.


Campbell reports Q4 profit rise on better margins (AP)

In this June 19, 2010 photograph, people walk along inside the new building at the Campbell Soup Co. headquarters, in Camden, N.J.  The Campbell Soup Co. said Friday, Sept. 3, 2010, it made a profit of $113, or 33 cents per share during the fourth fiscal quarter, when the temperature rises and its soup sales traditionally drop.  (AP Photo/Mel Evans)AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.


 
 
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