Unemployment rate rises to 26-year high
U.S. employers cut a fewer-than-expected 216,000 jobs in August, while the unemployment rate rose to a 26-year high, the government said on Friday in a report showing a still fragile labor market. Read Full Article here.
G20 to pledge stimulus until economic recovery assured
G20 policymakers will this weekend promise to keep economic support packages in place until recovery is certain and seek to reassure financial markets they have credible plans to withdraw the stimulus when appropriate. Read Full Article here.
American Air, FAA dispute may escalate: report
AMR Corp's American Airlines faces an increasing dispute with Federal Aviation Administration (FAA) regulators over allegedly improper repairs to at least 16 aircraft, the Wall Street Journal said, citing people familiar with the matter. Read Full Article here.
Santander Brazil unit IPO could exceed $5.6 billion
Banco Santander SA, the Brazilian unit of Spain's Santander , filed on Thursday for an initial public offering in Brazil and the United States, in what could become one of the largest IPOs of the year. Read Full Article here.
California says it has issued last of its IOUs
California Controller John Chiang's office said on Thursday it had issued the last of its IOUs, which were intended to allow the state government to preserve its dwindling cash during its recent budget crisis. Read Full Article here.
SEC, CFTC urged to align rules to police markets
The two main U.S. regulators policing the securities and futures markets were urged on Thursday to align their rules for ferreting out fraud, protecting investors and punishing wrongdoers. Read Full Article here.