UNITED STATES

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Fed mulled balance sheet expansion in September

Federal Reserve officials discussed the possibility of launching a fresh round of bond purchases before deciding last month on a more limited step to aid the economy, minutes released on Wednesday showed.

Gross' PIMCO makes a big move into mortgages

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Bill Gross, manager of the world's largest bond fund, ramped up buying of mortgage-backed securities in September on the likelihood the Federal Reserve's reinvestment program in those securities will boost prices significantly.
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Man jumps to death near Occupy San Diego, police say

A man committed suicide on Monday in an eight-story leap from a parking structure near where Occupy San Diego demonstrators were gathered, but it was unclear if he identified with the protesters, authorities said.
China launches lobbying push on currency bill

China launches lobbying push on currency bill

China has launched an intense lobbying effort in Washington to kill legislation that would punish it for its currency system, in the latest display of its more sophisticated approach to influence U.S. policy.
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Chrysler, UAW reach tentative labor pact

The United Auto Workers and Chrysler Group LLC have reached a tentative agreement on a four-year labor contract that would pay workers smaller bonuses than unionized workers at General Motors Co and Ford Motor Co.
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U.S. wants faster European action on debt crisis

The United States will use a finance ministers' meeting in Paris this weekend to ratchet up pressure on Europe to deal with its debt crisis swiftly before it derails a fragile global recovery, a top U.S. Treasury Department official said on Wednesday.
Peter pan peanut butter

Peanut Butter Prices to Skyrocket at Supermarkets Nationwide this Fall

Thanks to a hot summer which devastated the peanut crop, peanut butter prices are set to inevitably skyrocket this fall at supermarkets nationwide, and possibly even double. Looks like November, which is National Peanut Butter Lover’s Month according to Chase’s Calendar of Events published by McGraw-Hill, will be pretty costly for consumers.
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Lehman loses first broker bonus case

Lehman Brothers Holdings Inc suffered its first loss in the firm's effort to win back portions of upfront bonuses paid to former brokers, according to regulatory documents released on Wednesday.
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Wall Street rallies on euro fund hope, momentum

U.S. stocks extended their recent rally on Wednesday, with the S&P 500 on track for its sixth winning day in the past seven as the euro-zone rescue fund was set to get approval from all EU members.
Actor Malcolm McDowell

Malcolm McDowell guest stars as Psych returns

The Psych gang makes a welcome return on Wednesday night with another season rife with rapid-fire pop culture references, more guest stars than Love Boat and ... pretend psychic Shawn Spencer (James Roday) being exposed?
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Job openings contract in August

The number of jobs waiting to be filled fell in August, underscoring the pain in the labor market where millions of unemployed workers have been shut out of the economic recovery.
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Wall Street flies on euro-fund hope, S&P up 2 percent

Stocks extended their recent rally on Wednesday, with the Dow industrials back in positive territory for the year and the S&P 500 briefly rising 2 percent as the euro-zone rescue fund was set to get approval from all EU members.
Republican presidential nomination candidate Herman Cain.

After Launching Bestseller, Herman Cain Shifts Focus to Campaign

Now that Herman Cain has launched a bestseller with his brand new book This is Herman Cain! the Republican candidate for president says he will shift away from a recent focus on book sales and promotion to better focus on his campaign, and key states like New Hampshire and Iowa.

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