Jobless rate jumps to 5-year high of 6.1 percent - AP - 2 hours, 47 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.

Home loan troubles break records again - AP - 2 hours, 19 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.

Oil prices drop as jobs data add to demand worries - AP - 40 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.

Google reigns as world's most powerful 10-year-old - AP - Fri 12:07 pm ET
When Larry Page and Sergey Brin founded Google Inc. on Sept. 7, 1998, they had little more than their ingenuity, four computers and an investor's $100,000 bet on their belief that an Internet search engine could change the world.

Bank of America ready to settle securities probes - AP - 1 hour, 33 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.

FDA posts list of potential problem drugs - AP - 21 minutes ago
The government on Friday began posting a list of prescription drugs under investigation for potential safety problems in an effort to better inform doctors and patients.

Report: Samsung working to acquire SanDisk - AP - 41 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.

Boeing, machinists union meet with mediator - AP - Fri 1:07 am ET
Representatives from Boeing Co. and the machinists union met with a federal mediator Thursday as the clock ticked on an unusual two-day contract extension after union production workers soundly rejected a contract offer and voted to strike.

Nokia warns 3Q market share will fall; shares dive - AP - 44 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.