AFP - European stock markets drifted lower on Friday amid mixed world economic data, while a reported plan by Deutsche Bank to issue new shares reignited concerns about the health of Europe's banking sector.
AP - Striving to gain the upper hand on a crucial political issue, President Barack Obama is faulting Republicans for refusing to help him turn around the sluggish economy or support some proposed new tax breaks for businesses that the GOP has backed in the past.
Reuters - Chip makers National Semiconductor and Texas Instruments Inc on Thursday issued quarterly financial targets that stoked investors' worries about a sluggish economy.
AP - German stocks led European markets modestly lower Friday following reports that Deutsche Bank AG is planning to raise as much as euro9 billion ($11.4 billion) to lift its stake in Deutsche Postbank AG and shore up its capital base.
Reuters - China's imports leapt in August, boding well for a strengthening of domestic demand in an economy that has become a major driver of global growth.
AP - President Barack Obama has chosen one of his longtime economic advisers, Austan Goolsbee, to be the chairman of his Council of Economic Advisers, a White House official said.
AFP - US President Barack Obama will Friday step up his mid-term election campaign and appeal to voters dismayed by the stuttering economy with his first White House press conference since May.
AP - Japan's economy isn't quite as weak as first thought, but it still needs help, the government said Friday as it unveiled details of a new $11 billion stimulus package.
Reuters - The securities regulator is investigating investment advisory firms that channel investors' money into hedge funds, the Wall Street Journal reported.
Reuters - President Barack Obama has chosen Austan Goolsbee as the new head of the White House Council of Economic Advisers, U.S. administration officials said on Thursday, promoting a longtime adviser from his inner policy circle.
AFP - US President Barack Obama has chosen Austan Goolsbee, an economics professor currently working in his administration, to chair the Council of Economic Advisors, an official said.
Reuters - Finance ministers from the Group of 20 developed and leading emerging economies are not likely to meet on the sidelines of the IMF/World Bank Group annual gatherings in Washington early next month, sources said.
Reuters - A set of U.N. goals aimed at drastically reducing poverty and hunger worldwide by 2015 are achievable, despite setbacks caused by the global financial and economic crises, a draft document said.
AFP - US Treasury Secretary Tim Geithner will face a key US House committee's questions on possible new steps to press China over its currency policy, the panel's chairman said Thursday.
AP - BETTER JOBS: Another improvement on the jobs market sent stocks higher Thursday. First-time claims for unemployment benefits fell to 451,000 last week, better than analysts expected.
AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.
Reuters - California's August revenue came in above a budget forecast and as a result the state will not need to issue IOUs this month, the state controller said on Thursday.
Reuters - Democrats in Congress are distancing themselves from President Barack Obama's push to let taxes rise for the wealthiest Americans, fearing it will further harm them in November's mid-term elections.
AP - Stocks extended their September rally Thursday following more encouraging news on the job market. The Dow Jones industrial average rose 28 points after the Labor Department said first-time claims for unemployment benefits fell last week to the lowest level in two months. In another hopeful sign on the economy, the trade deficit narrowed in July. It was the sixth winning day for the Dow out of the past seven.
AFP - A handful of traders who master stock markets using ultra-fast computers may soon face a clampdown by US watchdogs as they try to prevent freak electronic glitches.
AP - The number of U.S. children being raised by their grandparents rose sharply as the recession began, according to a new analysis of census data. The reasons, while somber, were not all economic.
AP - RISK APPETITE: Gold prices slipped after reassuring reports on the U.S. jobs market and trade created some optimism about the economy. The development spawned more appetite among investors for assets viewed as riskier than gold.
AP - No, the economy isn't roaring ahead. And no, companies aren't making lots of job offers. But a fresh batch of economic data Thursday at least eased summertime fears that the economy might be on the brink of another recession.
AP - The Wall Street Journal is set to launch a weekly book review section this month, even as newspapers across the country cut back on book coverage.
AFP - Shares in London were upbeat at the end of trade on Thursday as investors cheered new data showing the US trade deficit narrowing sharply and the number of US jobless claims dropping faster than expected.
Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.
AP - The government is defending as "fair and adequate" its $75 million settlement with Citigroup Inc. over charges it misled investors about billions in potential losses from subprime mortgages.
AP - From mortgage problems to education and budget issues, Nevada leaders on Wednesday delivered a sobering assessment of the state's future as a result of the Great Recession during seven hours of testimony before a federal panel investigating the country's financial meltdown.
Investor's Business Daily - The SEC, which is probing the stock market "flash crash" on May 6, still hasn't identified a single cause, but a trade practice known as "stub quotes" and other issues contributed to the market's dramatic drop, sources said. Stub quotes are orders placed by market makers that are well off the market prices for stocks. The SEC wants to ban stub quotes.
Reuters - The top securities regulator defended its proposed $75 million settlement with Citigroup , saying the penalty reasonably accounts for the seriousness of the bank's alleged misconduct, according to a document filed in court on Wednesday.
AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.
Reuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.