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• Dow tops 11,000 for first time since May (Reuters)
• Payrolls fall, Fed monetary easing idea advances (Reuters)
• BofA halts foreclosures in all 50 states (Reuters)
• FDIC to propose rules on financial firm breakups (Reuters)
• Bullard says Fed decision on easing a "tough call" (Reuters)
• Wall Street slips as traders take in jobs report (AFP)
• California lawmakers debate budget through night (Reuters)
• Alcoa 3Q income dips 21 percent on costs (AP)
• Nobel Prizes: Glance at 2010 (AP)
• 4 Disasters You Must Prepare For (The Motley Fool)
• Ex-NY bank president pleads guilty in TARP fraud (Reuters)
• Pershing's Ackman makes big bet on the consumer (Reuters)
• BofA halts foreclosure sales in 50 states (AP)
• Gasoline pump prices still rising with higher oil (AP)
• Ohio governor candidates clash on taxes, spending (AP)
• Tesla Motors recalling Roadster over fire concerns (AP)
• The Tragic Decline of Business Casual (BusinessWeek)

Dow tops 11,000 for first time since May (Reuters) Posted: 08 Oct 2010 08:37 AM PDT Reuters - The Dow Jones industrials crossed the 11,000 threshold for the first time since early May on Friday as U.S. stocks gained modestly on stronger resource and consumer shares.

Payrolls fall, Fed monetary easing idea advances (Reuters) Posted: 08 Oct 2010 08:44 AM PDT Reuters - The U.S. economy shed jobs in September for a fourth straight month as government payrolls fell and private hiring slowed, hardening expectations for more stimulus from the Federal Reserve to spur the recovery.

BofA halts foreclosures in all 50 states (Reuters) Posted: 08 Oct 2010 08:55 AM PDT Reuters - Bank of America Corp is halting foreclosures and sales of foreclosed properties in all 50 states pending a review of its internal processes, the bank said on Friday.

FDIC to propose rules on financial firm breakups (Reuters) Posted: 08 Oct 2010 07:27 AM PDT Reuters - A top U.S. banking regulator is expected to propose rules as soon as Friday that set out how creditors will be treated under the government's new authority to dismantle large financial firms that run into trouble.

Bullard says Fed decision on easing a "tough call" (Reuters) Posted: 08 Oct 2010 06:56 AM PDT Reuters - The Federal Reserve faces a difficult decision at next month's policy meeting on whether to offer further stimulus to a U.S. economy that is still growing but only slowly, St. Louis Fed President James Bullard said on Friday.

Wall Street slips as traders take in jobs report (AFP) Posted: 07 Oct 2010 07:41 AM PDT AFP - US stocks slipped into negative territory on Thursday as initial optimism waned after the latest weekly jobless claims report came out better than expected.

California lawmakers debate budget through night (Reuters) Posted: 08 Oct 2010 03:42 AM PDT Reuters - California entered its 100th day without a state budget in place on Friday as lawmakers continued debating a legislative package that was to make up the spending plan agreed upon in principle with Governor Arnold Schwarzenegger last week.

Alcoa 3Q income dips 21 percent on costs (AP) Posted: 07 Oct 2010 03:59 PM PDT AP - Alcoa Inc. believes that the global economy will continue to be lifted this year by a burgeoning international middle class that wants better transportation and more modern buildings.

Nobel Prizes: Glance at 2010 (AP) Posted: 08 Oct 2010 02:20 AM PDT AP - Five Nobel Prizes have been announced. The Nobel Memorial Prize in Economic Sciences, which is not an original Nobel Prize but was created in 1968 in Nobel's memory by the Swedish central bank, will be announced on Monday

4 Disasters You Must Prepare For (The Motley Fool) Posted: 08 Oct 2010 07:23 AM PDT The Motley Fool - In these worry-ridden times, it's easy to fret about statistically improbable events: hurricanes, nuclear meltdowns, or even asteroid strikes. But these unlikely possibilities often distract us from very real -- and far more likely -- catastrophes that may be lying in wait for us. Luckily, just like buying flood insurance can help protect you if Mother Nature turns wrathful, a little advance preparation can make the following potential disasters far less painful.

Ex-NY bank president pleads guilty in TARP fraud (Reuters) Posted: 08 Oct 2010 08:56 AM PDT Reuters - A former bank president described by prosecutors as the first person accused of attempting to steal U.S. government bailout funds in the financial crisis pleaded guilty on Friday to fraud.

Pershing's Ackman makes big bet on the consumer (Reuters) Posted: 08 Oct 2010 08:43 AM PDT Reuters - Hedge fund manager William Ackman is placing a big bet that the U.S. consumer will start spending more money by taking large stakes in shares of retailer JC Penney and consumer goods manufacturer Fortune Brands Inc .

BofA halts foreclosure sales in 50 states (AP) Posted: 08 Oct 2010 08:57 AM PDT AP - Bank of America Corp., the nation's largest bank, said Friday it would stop sales of foreclosed homes in all 50 states as it reviews potential flaws in foreclosure documents.

Gasoline pump prices still rising with higher oil (AP) Posted: 08 Oct 2010 08:53 AM PDT AP - Drivers across the U.S. paid more for gas every day this week, and it looks like they could pay a little more before pump prices level off.

Ohio governor candidates clash on taxes, spending (AP) Posted: 07 Oct 2010 07:43 PM PDT AP - Ohio Gov. Ted Strickland and Republican challenger John Kasich turned up the heat Thursday in the final debate of their tightening race, sparring most vigorously on taxes and the road out of the economic crisis.

Tesla Motors recalling Roadster over fire concerns (AP) Posted: 08 Oct 2010 08:09 AM PDT AP - Electric carmaker Tesla Motors said Friday it was recalling 439 Roadsters from the 2010 model year to address potential fire hazards connected to battery cables.

The Tragic Decline of Business Casual (BusinessWeek) Posted: 08 Oct 2010 05:08 AM PDT BusinessWeek - Remember the late 1990s and early 2000s, when "casual Friday" was a naughty thrill? How innocent we were. In the past decade those seemingly harmless polo shirts and khakis have spawned a five-day sartorial office free-for-all that's led to low-cut jeans and "tramp stamp" tatoos. According to a 2007 Gallup poll, the most recent data available, 43 percent of workers said they regularly wore casual business attire at the office, up from 32 percent in 2002. Even scarier, the lax precedent has allowed them to make their own decisions about what's acceptable or, worse, cool.

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