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Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.



FILE - In this June 13, 2010 file photo, Tim Allen arrives at the world premiere of 'Toy Story 3,' at The El Capitan Theater in Los Angeles. General Motors Co. said Friday, Sept. 3, 2010, Tim Allen will be a spokesman for the brand and will star in a series of TV ads for the 2011 Chevrolet Cruze that begin airing on Tuesday. (AP Photo/Katy Winn, file)Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.



People wait in line to enter the City University of New York (CUNY) Big Apple job fair in New York, April 23, 2010. REUTERS/Shannon StapletonReuters - Employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.



PotashCorp mill general superintendent Trevor Berg holds a handful of chicklet potash at a potash holding centre at the Cory mine facilities near Saskatoon, August 19, 2010. REUTERS/David StobbeReuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.



President Barack Obama delivers remarks on the latest employment statistics released on Friday, alongside Treasury Secretary Tim Geithner in the Rose Garden of the White House, September 3, 2010. REUTERS/Jason ReedReuters - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.



Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc.

In a Friday, June 4, 2010 photo, floor manager David Gonzalez, center, talks on the phone as Angel Delgado, foreground left, drink his soda while working at Homeboy Industries in Los Angeles. Organizations trying to prevent youngsters from joining gangs have been hit hard by the sour economy. Homeboy Industries, which employed ex-gang members as a way of keeping them off the street, had to fire more than 300 of its workers as donations and city subsidies plummeted. (AP Photo/Jae C. Hong)AP - A $1.6 billion congressional bailout of sorts could help financially flailing groups that fight to keep young people out of trouble, yet lawmakers are reluctant to take up the expensive proposal amid a sour economy and other, more pressing issues.



In this June 19, 2010 photograph, people walk along inside the new building at the Campbell Soup Co. headquarters, in Camden, N.J.  The Campbell Soup Co. said Friday, Sept. 3, 2010, it made a profit of $113, or 33 cents per share during the fourth fiscal quarter, when the temperature rises and its soup sales traditionally drop.  (AP Photo/Mel Evans)AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.



Israeli President Shimon Peres, center, arrives for the 'Intelligence on the World, Europe, and Italy' economic forum, at Villa d'Este, in Cernobbio, on Lake Como, Italy, Friday, Sept. 3, 2010. (AP Photo/Luca Bruno)AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.



An oil platform off the coast of Brazil. Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.(AFP/File/Antonio Scorza)AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.



The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.(IMF)AFP - The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.



AP - Walgreen Co. reported same-store-sales rose 2.1 percent for August on Friday, just shy of Wall Street estimates.
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.
Reuters - Interior Secretary Ken Salazar said on Friday he cannot predict whether Royal Dutch Shell, which has invested $3.5 billion in an offshore Arctic oil-development program, will be allowed to drill the five wells it plans next year in Alaska's Chukchi and Beaufort Seas.
Reuters - Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday.


TIME.com Top Business Stories
TIME.com Top Business Stories
Business News, Personal Finance News, Technology News on TIME.com

Britain's largest supermarket chain has moved into filmmaking, confident its customers will pay for adaptations of their favorite novels. Is this a new revenue stream for the flagging DVD market -- or just another product doomed to spoil on the shelves?
Study: Women are earning more money than their male peers -- but only if they're young, single and childless
Buying a house is supposed to make us better citizens, better investors and better off. But that American Dream may well be a fantasy
The broad stock market has gone nowhere in 2010, but the shares of apartment REITs are up more than 20%. What's fueling this mini-bull market? Oddly, the housing bust
Long synonymous with quality, Toyota is reeling from months of negative publicity related to the quality and safety of its cars. This could be one long fight to win back consumers' hearts
Designers and singers are teaming up in hopes of scoring double rewards
An ethical lapse cost the highly respected CEO his job at HP. But executives who know him say he's got too much talent to just fade away
The shortage of primary-care doctors will soon be acute as debt-laden medical students continue to favor specialization over lower-paying family practice


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Latest Business Headlines - CBS News
Read the latest Business headlines on CBS News, covering news stories, videos and pictures of world and US news, as well as news in politics, health, sports and business.

Oil Company Responsible for This Week?s Rig Explosion Cited Industry?s ?Excellent Safety Record?
In Consumer Reports Survey, Smaller Chains Trump World's Most Recognized Burger Brand
Small Dose of Economic Optimism Helped Dow Add 128 Points Friday Afternoon
President Barack Obama Says He Intends to Unveil New Package of Proposals to Spark Job Growth
Retail Realities: Security Concerns Over Rite-Aid and Walgreens Idea for Pharmacist Chat
Facebook gets a new remote log out security feature, India demands that RIM, Google and Skype add a local server so the country can monitor communications, and finally infamous celebrity Paris Hilton has been caught lying about a purse she owns by her own Twitpic.
Campaign Logo Aimed at Encouraging Recruitment at Des Moines University Deemed Embarrassing by Faculty and Students
Buyers Will Find Model-Year Closeout Deals as Dealers Try to Clear Out Excess 2010 Inventory
The Service Sector Expanded for the Eighth Straight Month in August but Misses Analysts Expectations
Harry Smith spoke with economics correspondent Rebecca Jarvis discussed increased unemployment estimates for the month of August.
Top Cop Says Fears of Israeli, U.S. and British Espionage to Blame for UAE's Impending Total Ban on BlackBerry Use
Employers Add Jobs, but Not Enough to Keep Up with Surge of People Looking for Work; Rate Up for First Time in 4 Months
Residents along the Cape Cod shoreline are recommended to leave as Hurricane Earl makes its way up the eastern seaboard. Dean Reynolds reports.
Workers were doing routine maintenance when a fire broke out on the upper deck of Vermillion 380 located in the Gulf of Mexico; all 13 rig workers were rescued. Don Teague reports.
As tourists obeyed orders to leave North Carolina's coastal towns, locals are stocking up on supplies and preparing for the powerful Hurricane Earl. Kelly Cobiella reports.


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Home Depot is testing a warm-and-fuzzy approach to selling hammers, lighting and garage doors that targets female shoppers.
Pandemic, BioWare to change ownership, join 'Madden' team.
Disney plans to sell a line of products called Disney Garden.
Online encyclopedia to move cross-country in January to hub of tech world.
Retailers' sales rose 0.6 percent last month and gasoline stations turned in their biggest jump in sales since May.
The business software maker confirmed today it offered BEA Systems $17 per share, a 25 percent premium over Thursday's closing price of $13.62.
AT&T Inc. said on Thursday that the head of its wireless unit, Stan Sigman, was retiring, and it appointed Ralph de la Vega as his successor.
State Treasurer Richard Moore has asked the U.S. Securities and Exchange Commission to investigate the timing of stock sales made by the chief executive of mortgage lender Countrywide Financial Corp.


ABC News: Money
ABC News: Money

Despite some hiring, nation's unemployment rate seems frozen at more than 9 percent

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Unemployment - Work - United States - Labor Movement - Labor force
A decision by a Fox affiliate in California's capital to broadcast what is believed to be the first paid ad for a medical marijuana dispensary has caused hardly a stir, according to the station general manager and the advertiser.

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Medical cannabis - California - Health - Drugs - Illegal

While the pace of foreclosures has receded in the general housing market, it continues to rise in well-to-do pockets of the country, especially Southern California. In growing numbers, minor and major celebrities as well as ex-athletes are seeing their million-dollar homes revert to lender ownership, foreclosure analysts said

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Foreclosure - Southern California - United States - Real estate - Business
The Los Angeles Dodgers is at the center of a nasty divorce case between Frank and Jamie McCourt, each claiming ownership of the team.

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Jamie McCourt - Los Angeles Dodgers - Divorce - Baseball - sport
The trouble at the Virginia Quarterly Review continued one month after its managing editor committed suicide, with the remaining staff members removing their names from the masthead and website after the embattled editor stepped in to complete the fall issue. The winter issue has been canceled.

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Suicide - Virginia Quarterly Review - Death - Magazine - Managing editor
Jennifer Gold, ex-girlfriend of billionaire Donald Bren, told 'Good Morning America' that her two adult children deserved more of their father's fortune. The children recently lost a lawsuit for $130 million in back child support payments.

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Child support - Children Youth and Family - Donald Bren - United States - Irvine Company
GMA workplace contributor Tory Johnson tells you how to avoid five resume mistakes that could leave your potential employer with a bad impression.

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Employment - Business - Tory Johnson - Resumes and Portfolios - Digital Format
Ask the Right Questions, Get Out of Debt

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Debt consolidation - Financial Services - Business - Financial Planning - Debt Settlement
Ben Bernanke addressed the Kansas City Federal Reserve Symposium in Jackson Hole. The verdict: there's more work to be done.

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Ben Bernanke - Kansas City Federal Reserve Bank - Federal Reserve System - Central bank - Jackson Hole
The legal fight between the coffin-making monks of St. Joseph Abbey and Louisiana's funeral industry looks like a classic mismatch. In one corner is the industry-dominated funeral regulatory board; In the other are the 35 Benedictine monks at the 121-year-old monastery.

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Louisiana - St. Joseph Abbey - Monk - Funeral - Monastery
From New York's handsome prewar buildings to the low-slung homes of the U.S. heartland, bedbug infestations are translating into big bucks for pest control companies and retailers selling protection against them.

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Pest control - Bedbug - New York City - United States - New York
Forget state secrets. Some of America's favorite foods are guarded like national treasures. Recipes are the stuff of corporate wars and family friction.

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Home - Cooking - World Cuisines - European - Condiments
The skyrocketing cost of health care has made traditional health insurance increasingly unaffordable for many Americans. It's not surprising then, that medical discount plans have much appeal. They can be touted as an affordable alternative to health insurance. What can get lost in the translation though, is that a discount plan is no substitute for comprehensive medical insurance.

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United States - Insurance - Health insurance - Health care - Health
Consumer Confidence Index ticks up to 53.5, but mood still gloomy amid job worries

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Consumer spending - United States - Home - Consumer Information - Advocacy and Protection


Reuters News
Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.



NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.



WASHINGTON (Reuters) - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.



TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.



WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.



NEW YORK (Reuters) - A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc computer programer of stealing proprietary computer code from the bank's lucrative high-frequency trading platform.



NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show.



RIO DE JANEIRO (Reuters) - Brazilian state oil company Petrobras on Friday filed to sell up to $64.5 billion of new stock -- the largest in capital markets history -- sending its stock sharply higher after months of uncertainty that dragged on its share price.



DETROIT/SEOUL (Reuters) - Kia Motors said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires.



HOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.





msnbc.com
msnbc.com: Business
Msnbc.com is a leader in breaking news and original journalism.

Traders work the trading floor of the New York Stock Exchange. Wall Street surged Friday after a relatively encouraging report on the jobs market lifted hopes about the pace of economic growth. Stocks ended a three-week losing streak after an encouraging employment report lifted hopes about the pace of economic growth.



Private employers hired more workers than expected in August, lifting hopes for the weak U.S. economy, but the nation?s unemployment rate rose for the first time in four months.

To critics of office flirting, author Nicole Williams says "It's empowering. Flirting is one of many assets that you can work to get ahead." Flirting, after all, is one of the oldest tricks in the book. But how do you use it to your professional advantage without crossing the line or inviting unwanted advances?



Israeli President Shimon Peres, center, arrives for the ?Intelligence on the World, Europe, and Italy? economic forum, at Villa d?Este, in Cernobbio, on Lake Como, Italy, Friday. Experts at the event offered a gloomy outlook ? especially for the United States and much of the industrialized world.Experts gathered in Italy Friday offered a generally gloomy outlook ? especially for the United States and much of the industrialized world.



More than a quarter of employed U.S. workers suffered a bout of unemployment during the Great Recession that took many of them on an emotional roller coaster ride.
Analysis:  Growing demand for temporary help in the U.S. suggests stronger full-time hiring ahead, and executives say they are seeing a need for staffing greater than reflected in official figures.
A federal judge has approved Eastman Kodak's $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored for pay and promotion.

The 2011 Kia Optima. With a new design director friom Audi, Kia is trying to transform its image from cheap-and-cheerful to trendy.To most Americans, at least to those who are aware of the brand, Kia is still associated with the cheap-and-cheerful products. That's an image the automaker is out to transform.



Kia Motors says it has started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires.
Continental Airlines Inc. is recalling 132 pilots who were furloughed in 2008, saying it needs them to offset retirements and handle an increase in international flying.
A U.N. food agency has called a special meeting on the recent spike in food prices in response to concerns of a repeat of the shortages that led to riots in parts of the world two years ago.
The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.

The original members of War say they learned the 1975 hit was in the ad for Pepsi MAX only when the commercials launched in July.Members of the band War say they can't be friends with Pepsi. The band is suing for more than $10 million, saying it did not negotiate with them to use the song "Why Can't We Be Friends" in a commercial.



Baby carrot farmers are launching a campaign that pitches the little, orange, crunchy snacks as daring, fun and naughty ? just like junk food. Baby carrot farmers are launching a campaign that pitches the little, orange, crunchy snacks as daring, fun and naughty ? just like junk food.





 
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