Treasury won't comment on Fannie, Freddie story - Reuters - 4 minutes ago
A U.S. Treasury Department spokeswoman on Friday declined comment on a Wall Street Journal story saying a plan was near completion for a financial backstop for mortgage finance companies Fannie Mae and Freddie Mac.

GE receives "'Wells notice" in hedge accounting probe - Reuters - 22 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.

Ex-Credit Suisse broker pleads not guilty to fraud - Reuters - 1 hour, 10 minutes ago
A former Credit Suisse broker pleaded not guilty on Friday to criminal charges of fraud in connection with allegedly unauthorized dealings of auction-rate debt.

Boeing workers prepare to strike as talks go on - Reuters - 1 hour, 25 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.

Altria in advanced talks to buy UST: source - Reuters - Fri 1:54 pm ET
Cigarette company Altria Group Inc is in advanced talks to buy Skoal and Copenhagen smokeless tobacco maker UST Inc , a source familiar with the discussions told Reuters on Friday.

Jobless rate at 5-year high - Reuters - Fri 1:26 pm ET
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.

Nokia losing market share as price war bites - Reuters - Fri 12:56 pm ET
Nokia Oyj , the world's biggest cellphone maker, said it expects to lose market share in the third quarter as it fights to maintain profit margins, sending its shares as much as 14 percent lower.