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• Investors, prepare for volatility (Reuters)
• U.S. banking group wants part of Basel plan dropped (Reuters)
• BP E&P boss Inglis to step down from Russian unit (Reuters)
• IMF says risks to global growth have intensified (Reuters)
• FTSE 100 shares climb (AFP)
• Obama taps Goolsbee as top White House economist (Reuters)
• Toys R Us posts loss on costs and international weakness (Reuters)
• Greek protesters to confront government on economy (AP)
• Where to Buy a Home for Less Than $800 a Month (U.S. News & World Report)
• IMF warns of debt menace as recovery slows (AFP)
• Treasury's Barr to testify on Fannie and Freddie (Reuters)
• Calif. gas line rupture sparks safety questions (AP)
• 2 plead guilty in Wash. to massive tax scheme (AP)
• Chrysler bosses sue over lost pensions (AFP)

Investors, prepare for volatility (Reuters) Posted: 10 Sep 2010 03:33 PM PDT Reuters - Investors are using options to brace for big swings next week as Wall Street enters the peak of the most volatile month for stocks historically.

U.S. banking group wants part of Basel plan dropped (Reuters) Posted: 10 Sep 2010 12:32 PM PDT Reuters - A leading U.S. banking group is urging Basel Committee negotiators working on new international capital standards to ditch part of their proposal.

BP E&P boss Inglis to step down from Russian unit (Reuters) Posted: 11 Sep 2010 04:48 AM PDT Reuters - BP Plc said its head of exploration and production, the unit responsible for the Gulf of Mexico oil spill, is to step down from the board of BP's Russian joint venture, TNK-BP.

IMF says risks to global growth have intensified (Reuters) Posted: 10 Sep 2010 03:51 PM PDT Reuters - The International Monetary Fund said on Friday that downside risks to global recovery have intensified due to recent turbulence in sovereign debt markets and continued weakness in the financial sector.

FTSE 100 shares climb (AFP) Posted: 10 Sep 2010 09:13 AM PDT AFP - Shares in London ended in the black on Friday as confidence grew over the health of the global economy.

Obama taps Goolsbee as top White House economist (Reuters) Posted: 10 Sep 2010 11:48 AM PDT Reuters - President Barack Obama on Friday named a member of his inner circle as top White House economist and gave a strong personal endorsement to a leading candidate to run his new consumer protection bureau.

Toys R Us posts loss on costs and international weakness (Reuters) Posted: 10 Sep 2010 02:09 PM PDT Reuters - Toys R Us Inc , which is looking to go public, reported a quarterly loss on higher costs and weakness in its international business.

Greek protesters to confront government on economy (AP) Posted: 11 Sep 2010 07:05 AM PDT AP - Greek unions are planning protest marches in the northern city of Thessaloniki against the debt-plagued country's harsh austerity program, before Prime Minister George Papandreou's keynote speech on the economy Saturday.

Where to Buy a Home for Less Than $800 a Month (U.S. News & World Report) Posted: 10 Sep 2010 12:07 PM PDT U.S. News & World Report - While the nation's real estate crash has been a nightmare for homeowners, it has created some outstanding opportunities for would-be buyers. Home prices in 20 major cities dropped 33 percent from the summer of 2006 to the spring of 2009--and in certain markets, the plunge was even steeper. At the same time, the federal government's efforts to revive the housing market have helped drive financing costs to record lows. Thirty-year fixed mortgage rates fell to an average of 4.32 percent for the week ending September 2. That's the lowest level in nearly 40 years of record-keeping. ...

IMF warns of debt menace as recovery slows (AFP) Posted: 10 Sep 2010 03:29 PM PDT AFP - High levels of national debt and a still shaky financial sector threaten to derail the global economic recovery, the IMF warned on Friday.

Treasury's Barr to testify on Fannie and Freddie (Reuters) Posted: 10 Sep 2010 09:09 AM PDT Reuters - Michael Barr, assistant treasury secretary for financial institutions, and Edward DeMarco, acting director of the Federal Housing Finance Agency will testify on Capitol Hill next week on the future of Fannie Mae and Freddie Mac .

Calif. gas line rupture sparks safety questions (AP) Posted: 11 Sep 2010 07:05 AM PDT AP - Federal authorities are probing a natural gas pipeline and how it was maintained as they investigate the thunderous line explosion and raging inferno that devastated this suburban San Francisco neighborhood. City leaders called for a town hall meeting Saturday to start San Bruno's healing process.

2 plead guilty in Wash. to massive tax scheme (AP) Posted: 10 Sep 2010 03:39 PM PDT AP - Two Seattle-area men pleaded guilty Friday to federal charges stemming from an illegal tax shelter that enabled wealthy clients — including philanthropist Robert Wood Johnson IV and Hollywood mogul Haim Saban — to avoid paying taxes on $1.3 billion in capital gains.

Chrysler bosses sue over lost pensions (AFP) Posted: 10 Sep 2010 03:49 PM PDT AFP - More than 450 Chrysler bosses including ex-chairman Lee Iacocca sued Daimler AG and Cerberus Friday claiming they lost 100 million dollars in pensions in the automaker's bankruptcy.

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