| Treasury near GSE bailout plan: report
(Reuters)
Reuters - The U.S. Treasury
Department is close to finalizing a plan to buttress mortgage
finance companies Fannie Mae and Freddie Mac ,
The Wall Street Journal reported on Friday.
| Jobless rate at 5-year high
(Reuters)
Reuters - An unexpectedly steep 84,000 U.S.
jobs were lost in August and the unemployment rate hit a
five-year high of 6.1 percent, fanning worry ahead of
November's presidential vote that the economy was near
recession.
| Boeing workers prepare to strike as deadline nears
(Reuters)
Reuters - Boeing Co's
machinists prepared for a strike on Friday as the plane-maker
and its largest union tried to hammer out a last-ditch deal on
their latest three-year contract.
| GE gets "Wells notice" in SEC accounting probe
(Reuters)
Reuters - General Electric Co said on
Friday it had been notified by U.S. regulators that a civil
complaint could be filed against the company following a more
than three-year-long probe into its use of hedge accounting for
derivatives and other accounting matters. | Dow, S&P end higher on financials, down for week
(Reuters)
Reuters - NEW YORK (Reuters) -The broader U.S. stock market edged
higher on Friday, but still posted its worst week since May, as
a rally in financial stocks helped reverse losses sparked by a
government report showing the U.S. jobless rate rose to a
five-year high.
|