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Banks pressured as Congress reform panel opens

Banks were under intense political pressure as a congressional panel negotiating a final Wall Street reform bill convened its first meeting on Thursday.

Base text for Wall Street panel includes changes

U.S. lawmakers tasked with hammering out a final version of financial-reform legislation will use as a starting point a bill that combines mortgage reforms passed by the House and the Senate, according to a summary obtained by Reuters.

Banks pressured as U.S. Congress reform panel opens

Banks were under intense political pressure as a U.S. congressional panel negotiating a final Wall Street reform bill convened its first meeting on Thursday.

Geithner says world economy needs China yuan reform

Treasury Secretary Timothy Geithner, delivering his sharpest criticism of China's exchange rate policies in months, said on Thursday the yuan's value was critically important for the world economy.

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Stock index futures signal gains for Wall St

Stock index futures pointed to a higher open for Wall Street on Thursday, rebounding from falls in the previous session, with futures for the Dow Jones, S&P 500 and Nasdaq up 0.9 to 1.1 percent by 0849 GMT.

BP buys Google ads for search term oil spill

BP Plc has bought terms such as oil spill from search engine providers including Google Inc to help direct Internet users to its website as it attempts to control the worst oil spill in U.S. history.

Bernanke says U.S. recovery on track but jobs to lag

Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored.

BP buys search term oil spill from Google

BP Plc has bought terms such as oil spill from search engine providers including Google Inc to help direct Internet users to its website as it attempts to control the worst oil spill in U.S. history.

BP shares tumble as government probes Gulf spill

British energy giant BP Plc's stock price tumbled on Wednesday as it faced more U.S. government and congressional scrutiny over its handling of the massive Gulf of Mexico oil spill.

U.S. debt to rise to $19.6 trillion by 2015

The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.

Final act begins in Congress on Wall Street reform

Negotiators from the Senate and House will begin meeting this week to craft a final Wall Street reform bill, with banks facing changes that threaten their profits, if not their business models.

Job growth disappoints on weak private sector hiring

Hiring by U.S. private employers slowed sharply in May, a setback for the economy's recovery, even as temporary census hiring pushed overall payrolls growth to its biggest increase in 10 years.

Jobs report show economy strengthening: Obama

President Barack Obama said on Friday the gain of 431,000 jobs in May is a sign the economy is getting stronger, although there will still be ups and downs going forward.

Private hiring weak

U.S. private employers hired fewer workers than expected in May, a setback for the labor market recovery, even as temporary census hiring pushed overall payrolls growth to its fastest pace in 10 years.

Payrolls rise on Census but private hiring weak

Private employers hired fewer workers than expected in May, a setback for the labor market recovery, even as temporary census hiring pushed overall payrolls growth to its fastest pace in 10 years.

Nonfarm payrolls hit 10-year high on Census

Nonfarm payrolls grew at their fastest pace in 10 years in May, buoyed by recruitment for the decennial census, but private hiring slowed sharply as businesses opted to increase hours rather than hire new workers.

Payrolls hit 10-year high on Census

Census hiring to boost payrolls in May

Nonfarm payrolls likely rose at their fastest pace in nearly 27 years in May as the government ramped up hiring for the census and businesses grew more optimistic about the economy, a Reuters survey showed.

Corrected: Census hiring to boost payrolls in May

Corrects number of private jobs created in April in 5th paragrap

Census hiring to boost U.S. payrolls in May

U.S. nonfarm payrolls likely rose at their fastest pace in nearly 27 years in May as the government ramped up hiring for the census and businesses grew more optimistic about the economy, a Reuters survey showed.

Wall St futures higher ahead of non-farm payrolls

Stocks edged up on Friday, with investors anticipating a strong reading for a key employment report due out later in the day, which could provide an indication of the pace of recovery in the world's largest economy.

U.S. faces remote sabotage cyber danger: general

The U.S. Defense Department must be able to operate freely in cyberspace amid dangers of remote sabotage, an Army general tapped to streamline offensive and defensive computer operations said on Thursday.

Patent office proposes pricey, expedited review

Companies and inventors who pay extra would be able to get a quicker review of their patent applications under a proposal by the U.S. Patent and Trademark Office announced on Thursday.

Stock futures point to higher open on jobs, retail sales

U.S. stock index futures pointed to a higher opening on Thursday as two reports on the labor market reinforced optimism that Friday's monthly payrolls data would be strong.

Stock futures up ahead of ADP

U.S. stock index futures pointed to a higher opening on Thursday on hopes that an upcoming report on the labor market will show improvement in the economy.

Stock futures higher ahead of jobs report, retailers

Stock index futures pointed to a higher opening on Thursday on hopes that an upcoming report on the labor market will show improvement in the economy.