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1. Tech firms fare better than most in jobs slump - AP - 8 minutes ago
Technology appears to be one of the least hard-hit sectors in an economy beset by unemployment at a five-year high. The Labor Department reported Friday that companies slashed their payrolls by 84,000 jobs last month, sending the country's unemployment rate to 6.1 percent from 5.7 percent in July.
2. GE receives "'Wells notice" in hedge accounting probe - Reuters - 18 minutes ago
General Electric Co said on Friday it had been notified by U.S. regulators they were considering filing a civil complaint against the company following a three-year probe into GE's use of hedge accounting for derivatives.
3. Altria calls reports on UST 'pure speculation' - AP - 30 minutes ago
Altria Group, which owns Marlboro-maker Philip Morris USA, said Friday that a report of its impending acquisition of UST was "pure speculation." Analysts said the deal makes perfect sense.
4. Dow, S&P end higher on financials, down for week - Reuters - 34 minutes ago
The broader stock market ended its worst week since May with modest gains on Friday, as a rally in financial stocks helped the market reverse earlier steep losses after a government report showed further deterioration in the U.S. labor market.
5. Oil prices drop as jobs data add to demand worries - AP - 36 minutes ago
Oil prices sank to a five-month low Friday as a jump in the U.S. unemployment rate signaled to traders that Americans might keep paring back their energy use to save money.
6. Report: Samsung working to acquire SanDisk - AP - 37 minutes ago
Samsung Electronics Co. is pursuing an acquisition of U.S. computer memory card maker SanDisk Corp., a South Korean online business newspaper reported Friday.
7. Nokia warns 3Q market share will fall; shares dive - AP - 40 minutes ago
Shares in Nokia Corp. tumbled Friday after the leading cell phone maker said its third-quarter global market share will decline from second-quarter levels because of aggressive price cuts by its rivals.
8. Stocks mostly rise as investors snap up financials - AP - 42 minutes ago
Stocks reversed a steep sell-off to end mostly higher Friday as fears about a worrisome jobs report gave way to bargain hunting in sectors like financials and consumer staples.
9. Oil prices slide on sinking energy demand - CNNMoney.com - 48 minutes ago
Oil prices fell to their lowest level in five months on Friday as investors worried that an economic slowdown could chip away at demand for energy.
10. Prosecutors: loss from AIG scheme over $1 billion - AP - 56 minutes ago
Federal prosecutors in Connecticut say a scheme to manipulate the financial statements of the world's largest insurance company, American International Group Inc., resulted in a loss of more than $1 billion.
11. Drugs from Biogen, Eli Lilly on FDA review list - AP - 1 hour, 3 minutes ago
Best-selling drugs from Biogen Idec, Eli Lilly and GlaxoSmithKline are among those under investigation by federal regulators, who have released a first-ever list of ongoing safety reviews.
12. Upcoming business events and economic reports - AP - 1 hour, 5 minutes ago
Major business events and economic events scheduled for the coming week : MONDAY, Sept. 8 WASHINGTON -- Federal Reserve releases consumer credit for July, 3 p.m. Weekly Treasury auction.
13. Boeing workers prepare to strike as talks go on - Reuters - 1 hour, 21 minutes ago
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.
14. Details about Altria, UST - AP - 1 hour, 28 minutes ago
WHAT THE COMPANIES SAY: Altria Group, which owns Marlboro-maker Philip Morris USA, called a New York Times report that it would buy rival UST Inc. for more than $10 billion "pure speculation."
15. Bank of America ready to settle securities probes - AP - 1 hour, 29 minutes ago
Bank of America Corp. said Friday it is ready to settle federal and state investigations into sales of risky auction-rate securities, joining eight other big investment banks that have agreed to buy back a total of more than $50 billion of the securities.
16. Sector Snap: Regional bank stocks mostly rise - AP - 1 hour, 30 minutes ago
Shares of regional banks mostly rose Friday, even as the broader market dropped on renewed concern about the economy after the Labor Department reported a spike in the unemployment rate.
17. Palm, RIM to Battle New Rivals with Smarter Devices - CNBC - 1 hour, 37 minutes ago
Palm and Research In Motion may have been heading in different directions recently, but they're both trying to keep pace with a new breed of competitors in the rapidly evolving smartphone market.
18. Home loan troubles break records again - AP - 2 hours, 16 minutes ago
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
19. This Tech Titan Is Poised to Gain 20%-Plus - Morningstar.com - 2 hours, 41 minutes ago
We like the long-term prospects of this wide-moat semiconductor firm.
20. Jobless rate jumps to 5-year high of 6.1 percent - AP - 2 hours, 44 minutes ago
The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.
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