UNITED STATES

Evans urges new Fed action if economy falters

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If the economy does not show signs of sustainable improvement this quarter, the Federal Reserve should dig into its toolbox to find new ways to help it along, a top Fed official said on Thursday.
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Goldman wins dismissal of Timberwolf CDO lawsuit

Goldman Sachs Group Inc won the dismissal of a lawsuit accusing it of causing an investor to become insolvent by fraudulently misleading it about risky debt it expected would tumble in value.
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Signs of global slowdown mount; debt crisis weighs

Private-sector growth in the euro zone ground to a halt this month and China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a global slowdown.
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How You Can Aid Somalia Famine and Drought Victims

The UN declared on Wednesday that famine now exists in two regions of southern Somalia, which have the highest malnutrition rates in the world. You can help by donating time and money to worldwide organizations like UNICEF, The Red Cross and the World Food Program (WFP), or through Facebook and Twitter.
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AT&T profit, subscriber growth beat expectations

AT&T Inc posted better-than-expected subscriber growth for the second quarter, pushing its profits and sales past Wall Street estimates despite the loss of exclusive U.S. rights to sell the Apple Inc iPhone.
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Instant view: Jobless claims rise above expectations

New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, pointing to a labor market that is struggling to regain momentum after job growth faltered in the last two months.
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Stocks up on Morgan Stanley results, euro optimism

Stocks rose on Thursday as encouraging results from Morgan Stanley lifted optimism over the battered financial sector, while investors were cheered by the initial details over a rescue plan for Greece.

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