Finance leaders clashed on Friday over how to stop banks plunging the world into another crisis.
Stocks climbed on Friday as investors focused on the bright side of a mixed payrolls report that showed smaller-than-expected job cuts in August but also an unemployment rate that hit a 26-year high.
The U.S. Federal Housing Administration said on Friday it would not need a congressional subsidy even if mortgage-related losses push its reserves below a level demanded by Congress.
Stocks gained ground on Friday after a mixed payrolls report failed to rattle investors as U.S. job losses in August were the smallest in a year, although the unemployment rate hit a 26-year high.
Two generations of Murdochs have caused a wave of excitement in the battered newspaper industry in recent weeks with a series of comments and actions suggesting that charging readers for news on the Web is the way forward.
H&R Block Inc posted a wider-than-expected quarterly loss on Friday, hurt by higher expenses in tax services segment, and said it expects tax returns filed to fall about 1 to 2 percent in the coming tax season.
Mohamed El-Erian, the chief executive of top bond fund PIMCO, said in an interview on Friday the risk of stalled economic growth in 2010 is increasing, given a still-weak labor market.
U.S. job losses were the smallest in a year last month, but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.
Mohamed El-Erian, the chief executive of top bond fund PIMCO, on Friday said the risk of a double-dip in economic growth in 2010 is increasing given a still-weak labor market.
CIT Group Inc said it has extended the contract of Chief Executive Jeffrey Peek for one year, even though his decisions to expand into risky businesses helped to push the lender to the brink of bankruptcy.
Stocks rose moderately on Friday after a mixed payrolls report that showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
U.S. job losses were the smallest in a year last month but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.
The pace of U.S. job losses is moderating and the trend in the labor market is beginning to improve, a top White House adviser said on Friday.
U.S. job losses were the smallest in a year last month but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.
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.
Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.
Stocks inched higher on Friday following a mixed payrolls report showing U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
The head of the U.S. Federal Housing Administration said on Friday the agency would not need a congressional subsidy even if its capital reserve ratio fell below the 2 percent demanded by Congress.
Oil dropped below $68 a barrel on Friday, weighed down by a stronger dollar after U.S. data showed the unemployment rate rose by less than expected, albeit to a 26-year high.
Gold eased below $990 an ounce on Friday after a two-day rally that took the market to within a whisker of $1,000, as an uptick in the dollar index after U.S. non-farm payrolls data prompted some traders to cash in gains.
Stock index futures pointed to a flat open on Friday following data that showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.
The G20 will promise this weekend 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.
Stock index futures turned sharply higher on Friday following a brief sell-off after data showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 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.
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.
Dallas Federal Reserve Bank President Richard Fisher on Thursday said the United States should have a good snap-back from recession in the final months of 2009, but that future growth could be a slow crawl.
Bloated inventories and the risk of a price slide will trouble OPEC ministers when they meet in Vienna next week, but oil at close to $70 a barrel is expected to convince the group to hold output steady for now.
Stock index futures rose on Friday ahead of a report expected to show the smallest number of job losses so far this year in August as the economy advances out of a recession.
