| 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.
| Boeing machinists to strike as contract talks fail
(Reuters)
 Reuters - Boeing Co's 27,000-strong
machinists' union declared it will strike at midnight on
Friday, as the plane maker failed to improve its contract offer
after two days of emergency talks.
| 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.
| 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. | Alabama group files suit over Jefferson County debt
(Reuters)
Reuters - An Alabama activist group
has filed a lawsuit seeking to cancel $6.6 billion in debt and
related swaps issued by Jefferson County, claiming the county
faces financial disaster because of misdeeds by Wall Street
firms, corrupt local politicians and others. |
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