Risks to U.S. economy have eased considerably: Fed
Federal Reserve policy-makers last month believed risks to the U.S. economy had eased considerably and discussed stretching out a program that has held down home loan rates. Read Full Article here.
Blistering report faults SEC for Madoff misses
U.S. securities regulators missed numerous red flags that may have led to Bernard Madoff's $65 billion Ponzi scheme and never did a thorough and competent probe despite complaints dating to 1992, a federal watchdog has concluded. Read Full Article here.
Pfizer to pay $2.3 billion, agrees to criminal plea
Pfizer Inc agreed on Wednesday to plead guilty to a U.S. criminal charge relating to promotion of its now-withdrawn Bextra pain medicine and will pay a record $2.3 billion to settle allegations it improperly marketed 13 medicines. Read Full Article here.
U.S. private job losses fall, factory orders rise
The United States lost fewer private sector jobs in August than in July while companies planned fewer layoffs, suggesting modest improvement in the beleaguered U.S. labor market. Read Full Article here.
YouTube talks to studios on movie rentals says source
Online video site YouTube is in talks with several major movie studios about renting movies to users by streaming the movies over the Internet according to a person familiar with the talks on Wednesday. Read Full Article here.