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GM CEO clearly concerned about U.S. recession risk

Pent-up car demand in the United States and slowing, but still growing sales in China, should soften concerns about the ability of General Motors Co to weather a recession, the company's chief executive said.

Stock index futures signal gains, Oracle eyed

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Stock index futures pointed to a slightly higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.23 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.07 percent at 3:06 a.m. ET.
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Clinton Trumpets Green Investments to Create Jobs

Investments in energy-saving building retrofits and clean-energy projects can create hundreds of thousands of jobs and bolster the U.S. economy, former U.S. President Bill Clinton said on Tuesday.
People wait in line to enter a job fair in New York

2.8 Million U.S. Jobs Lost Since China Joined WTO: Study

About 2.8 million jobs, both in manufacturing and high-tech fields, have been lost as a result of the growing U.S. trade deficit with China since Beijing's entry into the World Trade Organization in 2001, said an EPI study, which was denounced immediately by the US-China Joint Business Council.
Bernanke makes remarks at the start of a conference on systemic risk, at the Federal Reserve in Washington

Fed Looks Set to Ease Policy as U.S. Outlook Dims

The Federal Reserve on Wednesday looks set to launch a fresh effort to invigorate the faltering U.S. recovery, embarking on what could be the first in a series of incremental steps to foster stronger growth.
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Japan exports disappoint, could weaken further

Japan's exports rose in the year to August at less than half the pace expected as a global economic slowdown, a strong currency and Europe's sovereign debt crisis put Japan's own recovery increasingly in doubt.
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Asian Markets Stable, Awaiting Fed Action

Asian stocks drifted slightly lower Wednesday and the euro clawed back lost ground as investors waited for the end of a Federal Reserve policy meeting that may act to stimulate the U.S. economy.
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Stocks steady ahead of Fed, euro recovers

Asian stocks drifted slightly lower and the euro clawed back lost ground as investors waited for the end later on Wednesday of a Federal Reserve policy meeting expected to announce further steps to stimulate the flagging U.S. economic recovery.
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U.S. concerned at hacking of Japan arms firms

The U.S. government is concerned about cyber attacks on Japanese defense contractors including Mitsubishi Heavy Industries, which builds F-15 fighter jets, Patriot missiles and other U.S. designed weapons for Japan's military, urging such attacks be taken seriously, the U.S. embassy in Tokyo said.
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U.S. probes 8 offshore banks for aiding tax evasion

Eight offshore banks are the subject of United States federal grand jury investigations examining whether they helped Americans evade taxes, a sign that authorities may be ready to issue subpoenas to those banks as part of a crackdown on offshore tax cheating.
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Exclusive: United Tech, Goodrich near deal: sources

United Technologies Corp is negotiating final terms of an all-cash acquisition of aircraft components maker Goodrich Corp with the goal of reaching a deal in the next few days, people familiar with the matter said on Tuesday.
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U.S. calls online poker site a global Ponzi scheme

U.S. prosecutors made new allegations on Tuesday in a probe of the Full Tilt Poker website, accusing self-styled Poker Professor Howard Lederer and professional poker champion Christopher Ferguson and others of paying themselves more than $440 million while defrauding other players.
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GM labor deal creates jobs, holds line on costs

A tentative contract between General Motors Co and the United Auto Workers union adds U.S. factory jobs and replaces traditional wage increases with profit-sharing, union officials said on Tuesday.

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