Dow, S&P end higher on financials, down for week - Reuters - 2 minutes ago
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.

Tech firms fare better than most in jobs slump - AP - 11 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.

As unemployment spikes, companies weigh options - AP - 11 minutes ago
U.S. companies have cut more than 550,000 jobs so far in 2008 as they try to preserve their profits in a slumping economy, but analysts say such downsizing must be done carefully for corporations to have any long-term benefits.

Statement by Press Secretary Dana Perino - Business Wire - 16 minutes ago
WASHINGTON----The President today declared a major disaster exists in the State of New Hampshire and ordered Federal aid to supplement State and local recovery efforts in the area struck by severe storms and flooding during the period of July 24 to August 14, 2008.

Fitch Rates Mississippi's $230MM GOs 'AA'; Outlook Stable - Business Wire - 26 minutes ago
NEW YORK----Fitch Ratings has assigned an 'AA' rating to the State of Mississippi's $133,545,000 general obligation bonds, series 2008A and $96,600,000 Taxable GO bonds, series 2008B expected to be offered competitively on Sept. 9th.

Struggling housing market adds to US unemployment - AP - 38 minutes ago
The struggling housing market contributed to the rise in U.S. unemployment from July to August, with losses at construction firms coming in above the national rate.

Transportation Dept. almost out of highway funds - AP - 40 minutes ago
The federal highway trust fund will run out of money this month, requiring delays in payments to states for transportation construction projects, Transportation Secretary Mary Peters said Friday.