Friday, September 2, 2011

Stocks plunge after US hiring dries up in August (AP)

Stocks plunge after US hiring dries up in August (AP)

Stocks plunge after US hiring dries up in August (AP)

Posted: 02 Sep 2011 12:44 PM PDT

A trader works on the floor of the New York Stock Exchange on Friday, Sept. 2, 2011 in New York. The jobs report was the weakest in almost a year. It renewed fears that the U.S. might slip back into recession. (AP Photo/Jin Lee)AP - Stocks plunged Friday after a dismal report on the job market renewed fears of another recession.

Employers add no net jobs in Aug.; rate unchanged (AP)

Posted: 02 Sep 2011 10:54 AM PDT

Job Seekers line up for interviews during a job fair Thursday, Sept. 1, 2011 in San Mateo, Calif. Employers added no net workers last month and the unemployment rate was unchanged, a sign that many were nervous the U.S. economy is at risk of slipping into another recession. (AP Photo/Marcio Jose Sanchez)AP - Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.

Judge rejects Roger Clemens' bid to avoid retrial (AP)

Posted: 02 Sep 2011 12:10 PM PDT

FILE - In this July 14, 2011 file photo, former Major League baseball pitcher Roger Clemens leaves federal court in Washington. Clemens is heading back to court to find out whether he'll face a second trial on charges he lied about using performance-enhancing drugs. A hearing is being held Friday, Sept. 2, 2011 in Washington federal court over Clemens' motion to dismiss felony charges against him after a mistrial seven weeks ago. (AP Photo/Manuel Balce Ceneta)AP - A federal judge rejected ex-baseball star Roger Clemens request to throw out perjury charges against him and says he must face another trial.

Obama halts controversial EPA regulation (AP)

Posted: 02 Sep 2011 12:35 PM PDT

FILE - In this Aug. 31, 2011 file photo, President Barack Obama speakst in the Rose Garden of the White House in Washington. President Barack Obama is sacking a controversial proposed regulation tightening health-based standards for smog, bowing to the demands of congressional Republicans and some business leaders. In a statement Friday, Obama said he had ordered Environmental Protection Agency administrator Lisa Jackson to withdraw the proposal, in part because of the importance of reducing regulatory burdens and uncertainty for businesses at a time of rampant uncertainty about an unsteady economy. (AP Photo/Evan Vucci, File)AP - President Barack Obama on Friday scrapped his administration's controversial plans to tighten smog rules, bowing to the demands of congressional Republicans and some business leaders.

Rain-packed Tropical Storm Lee forms off Louisiana (AP)

Posted: 02 Sep 2011 11:30 AM PDT

Robert Gibbs, from Newton, Miss., keeps his footing as he is hit by a wave in the surf Thursday, Sept. 1, 2011, in Dauphin Island, Ala. Forecasters have issued tropical storm warnings for the U.S. Gulf coast from Mississippi to Texas as a depression has organized in the Gulf of Mexico. (AP Photo/Mobile Press-Register, G.M. Andrews) NO SALES; MAGS OUTAP - Tropical Storm Lee formed in the waters off Louisiana on Friday, threatening a drenching along much of the Gulf coast over the Labor Day weekend with up to 20 inches of rain in some spots.

Turkey expels Israel ambassador over flotilla raid (AP)

Posted: 02 Sep 2011 12:11 PM PDT

Turkish Foreign Minister Ahmet Davutoglu, centre left, leads advisors as he arrives to speak to the media in Ankara, Turkey, Friday, Sept. 2, 2011. Turkey said Friday it was expelling the Israeli ambassador and cutting military ties with Israel over the last year's deadly raid on a Gaza-bound aid flotilla. Davutoglu said Turkey was downgrading diplomatic ties to the level of second secretary and that the ambassador and other high-level diplomats would leave the capital Ankara by Wednesday.(AP Photo)AP - Turkey expelled Israel's ambassador and cut military ties over Israel's refusal to apologize for last year's deadly raid on a Gaza-bound aid flotilla, further straining a relationship that had been a cornerstone of regional stability.

UN: Credible evidence Iran working on nuke weapons (AP)

Posted: 02 Sep 2011 11:25 AM PDT

Iran's International Atomic Energy Agency (IAEA) ambassador Ali Asghar Soltanieh briefs the media during a board of governors meeting at the UN headquarters in Vienna September 15, 2010. REUTERS/Herwig PrammerAP - The U.N. nuclear agency said Wednesday it is "increasingly concerned" about a stream of intelligence suggesting that Iran continues to work secretly on developing a nuclear payload for a missile and other components of a nuclear weapons program.

Quake risk to reactors greater than thought (AP)

Posted: 02 Sep 2011 11:21 AM PDT

FILE - In this May 18, 2011 file photo, a worker is seen in the area surrounding a tree farm in North Perry, Ohio, near the two cooling towers of the Perry Nuclear Power Plant looming in the background. The risk of an earthquake causing a severe accident at a nuclear power plant is up to 24 times greater than previously believed, according to an AP analysis of preliminary government data, and the nation’s nuclear regulator believes that a quarter of reactors may need modifications to make them safer. The Nuclear Regulatory Commission says more than two dozen plants in the eastern and central U.S. may need upgrades because they're more likely to get hit with an earthquake larger than the one their design was based on. It's a belated conclusion; for more than a decade, regulators ignored the evidence of increased quake risks. (AP Photo/Amy Sancetta, File)AP - The risk that an earthquake would cause a severe accident at a U.S. nuclear plant is greater than previously thought, 24 times as high in one case, according to an AP analysis of preliminary government data. The nation's nuclear regulator believes a quarter of America's reactors may need modifications to make them safer.

WikiLeaks reveals all, media groups criticize move (AP)

Posted: 02 Sep 2011 10:03 AM PDT

FILE - In this July 14, 2011 photo, Wikileaks founder Julian Assange talks to members of the media during a news conference in central London. Anti-secrecy group WikiLeaks said Thursday that its massive archive of unredacted U.S. State Department cables had been exposed in a security breach which it blamed on its one-time partner, Britain's Guardian newspaper. (AP Photo/Lefteris Pitarakis)AP - WikiLeaks disclosed its entire archive of U.S. State Department cables Friday, much if not all of it uncensored — a move that drew stinging condemnation from major newspapers which in the past collaborated with the anti-secrecy group's efforts to expose corruption and double-dealing.

Power companies go on defensive in darkened East (AP)

Posted: 02 Sep 2011 12:26 PM PDT

Line inspectors Paul Bonner, left, Tom Brondou ,center, and Roger Marocco all from Nationalgrid out of Utica, N.Y., check circut maps to check for power outages caused by Tropical Storm Irene in the town of Berne, N.Y., Thursday, Sept. 1, 2011. Utility companies continue to bring New York electricity customers back on line, but almost 182,000 are still blacked out four days after Irene pounded the state with drenching rains and high winds. (AP Photo/Hans Pennink)AP - Some power companies in the East are going on the defensive against criticism over the tens of thousands of lingering power outages nearly a week after Hurricane Irene swept up the coast.

Job growth stalls, fuels recession fears (Reuters)

Posted: 02 Sep 2011 11:03 AM PDT

Reuters - U.S. employment growth ground to a halt in August, reviving recession fears and piling pressure on both President Barack Obama and the Federal Reserve to provide more stimulus to aid the frail economy.

Wall St slides 2 percent after job growth stalls (Reuters)

Posted: 02 Sep 2011 11:36 AM PDT

A trader works on the floor of the New York Stock Exchange August 22, 2011. REUTERS/Brendan McDermidReuters - Wall Street stocks dropped more than 2 percent on Friday as Labor Department data showed jobs growth flatlined in August, intensifying worries the economy is staggering.

U.S. regulator to sue major banks over mortgages (Reuters)

Posted: 02 Sep 2011 11:50 AM PDT

Reuters - A U.S. regulator plans to sue major banks in coming days over subprime mortgage bonds, two sources said, in a lawsuit that may hamper a broader government mortgage settlement with banks.

Obama backtracks on smog plan (Reuters)

Posted: 02 Sep 2011 12:40 PM PDT

U.S. President Barack Obama speaks about a clean extension of the Federal Aviation Administration Reauthorization which expires in mid-September in the Rose Garden of the White House in Washington, August 31, 2011. REUTERS/Larry DowningReuters - President Barack Obama put a stop on Friday to new rules that would limit smog pollution, unexpectedly reversing course on a key policy measure after businesses argued it would kill jobs and cost them billions of dollars.

Analysis: Damages ruling may be pivotal in BP case (Reuters)

Posted: 02 Sep 2011 09:47 AM PDT

A contract worker rakes oil from the Deepwater Horizon oil spill off a beach in Grand Isle, Louisiana June 9, 2010. REUTERS/Lee CelanoReuters - A key court ruling in the Gulf of Mexico oil spill litigation could change the landscape in the massive case -- encouraging more plaintiffs to sue, or spurring the parties to make a deal to resolve what could be a long string of trials over damages.

Fed asks BofA to list contingency plan: report (Reuters)

Posted: 02 Sep 2011 01:12 AM PDT

Reuters - The Federal Reserve has asked Bank of America Corp to show what measures it could take if business conditions worsen, the Wall Street Journal said, citing people familiar with the situation.

Napolitano: no 9/11 anniversary Qaeda plot seen (Reuters)

Posted: 02 Sep 2011 08:49 AM PDT

Reuters - Homeland Security Secretary Janet Napolitano said on Friday there was no credible intelligence that al Qaeda was plotting an attack for the September 11 anniversary, but the United States remained at a heightened state of vigilance.

Oil companies brace for Tropical Storm Lee (Reuters)

Posted: 02 Sep 2011 11:36 AM PDT

Reuters - Tropical Storm Lee threatened the Louisiana coast with torrential rains and flooding on Friday, as offshore energy platforms and refineries along the coast braced for high winds and rising waters.
Posted by Harshad at 1:02 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)