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• Wall Street extends gains (Reuters)
• Greek default talk gathers pace (Reuters)
• UBS board considers investment bank's fate (Reuters)
• KB Home signals recovery as new orders jump (Reuters)
• Dunkin' international president out after 4 months (Reuters)
• Money manager pays $2.5M to settle fraud case (AP)
• Perry takes fire on immigration at debate (Reuters)
• KB Home posts wider loss for fiscal 3Q (AP)
• Moody's downgrades 8 Greek banks (AP)
• Fannie Mae cited for failing to stop robo-signing (AP)
• Quotes from G20, IMF/World Bank meetings in Washington (Reuters)
• Toys R Us plans to hire fewer holiday workers (Reuters)
• Fed: Tight credit, lack of equity hurt refinancing (AP)
• Syria, unable to buy fuel, tries barter: traders (Reuters)
• Romney, Perry go after each other in GOP debate (AP)
• UAW President to address union, Ford negotiators (Reuters)

Wall Street extends gains (Reuters) Posted: 23 Sep 2011 08:33 AM PDT Reuters - Stocks extended gains on Friday, with the S&P at session highs and the Nasdaq up more than 1 percent, led by gains in semiconductors.

Greek default talk gathers pace (Reuters) Posted: 23 Sep 2011 08:32 AM PDT Reuters - Talk of a possible Greek default gained pace on Friday while a pledge by the world's major economies to prevent Europe's debt crisis from undermining banks and the global economy failed to lift financial markets for long.

UBS board considers investment bank's fate (Reuters) Posted: 23 Sep 2011 07:30 AM PDT Reuters - The board of UBS extended on Friday its meeting amid the glamour of Singapore's Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it lost $2.3 billion in alleged rogue trading.

KB Home signals recovery as new orders jump (Reuters) Posted: 23 Sep 2011 08:52 AM PDT Reuters - KB Home , the fifth-largest homebuilder, saw a 40 percent jump in quarterly orders, suggesting a possible recovery in the housing market after a slump that has lasted half a decade.

Dunkin' international president out after 4 months (Reuters) Posted: 23 Sep 2011 06:47 AM PDT Reuters - Dunkin' Brands Group Inc said on Friday that Neal Yanofsky is leaving after just four months as its international president.

Money manager pays $2.5M to settle fraud case (AP) Posted: 22 Sep 2011 12:32 PM PDT AP - A former California investment executive is paying $2.5 million to settle federal charges that he hid a computer error that resulted in financial losses for clients. He will also be banned from the securities industry for life.

Perry takes fire on immigration at debate (Reuters) Posted: 22 Sep 2011 09:27 PM PDT Reuters - Republican Rick Perry took heavy fire from his rivals over a Texas policy that aids illegal immigrants at a presidential debate on Thursday where he struggled to protect his front-running position.

KB Home posts wider loss for fiscal 3Q (AP) Posted: 23 Sep 2011 06:44 AM PDT AP - KB Home said Friday its fiscal third quarter loss widened, as the homebuilder delivered fewer homes than a year ago when a federal homebuyer tax credit helped inflate deliveries and revenue.

Moody's downgrades 8 Greek banks (AP) Posted: 23 Sep 2011 08:51 AM PDT AP - Moody's downgraded eight Greek banks Friday, citing their exposure to their government's bonds and the deteriorating economic situation in the country as it struggles to convince creditors it's doing enough to get more bailout cash.

Fannie Mae cited for failing to stop robo-signing (AP) Posted: 23 Sep 2011 08:55 AM PDT AP - Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, according to a federal watchdog.

Quotes from G20, IMF/World Bank meetings in Washington (Reuters) Posted: 23 Sep 2011 08:09 AM PDT Reuters - The following are highlights of comments by finance ministers and central bankers in Washington this week for meetings of the Group of 20 and the semiannual meetings of the International Monetary Fund and World Bank.

Toys R Us plans to hire fewer holiday workers (Reuters) Posted: 22 Sep 2011 10:01 AM PDT Reuters - Toys R Us Inc is cutting its holiday hiring, making it the latest retailer to exercise caution while seeking temporary help in the anemic U.S. economy.

Fed: Tight credit, lack of equity hurt refinancing (AP) Posted: 22 Sep 2011 04:08 PM PDT AP - About 2.3 million homeowners could have refinanced their mortgages last year if they didn't owe more than their homes were worth or if lending standards weren't so strict, according to a Federal Reserve study released Thursday.

Syria, unable to buy fuel, tries barter: traders (Reuters) Posted: 23 Sep 2011 09:06 AM PDT Reuters - Syria is seeking to side-step sanctions that are hampering business with foreign firms by bartering crude oil in return for the fuel it desperately needs to keep the country on its feet, traders said on Friday.

Romney, Perry go after each other in GOP debate (AP) Posted: 22 Sep 2011 09:12 PM PDT AP - Side by side in confrontational debate, Republican presidential hopefuls Mitt Romney and Rick Perry sarcastically accused each other Thursday night of flip-flopping on Social Security and health care, flashpoints in their intense struggle for the party nomination.

UAW President to address union, Ford negotiators (Reuters) Posted: 23 Sep 2011 06:27 AM PDT Reuters - United Auto Workers President Bob King is expected to address union and Ford Motor Co officials on Friday in the final stages of negotiating a new labor deal that workers expect to be richer than the one just reached with General Motors Co.

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