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• Wall St flat as investors shrug off jobs report (Reuters)
• Payrolls barely rise, jobless rate jumps (Reuters)
• Deficit-cut plan falls short, offers framework (Reuters)
• Walter Energy seals $3.3 billion Western Coal buy (Reuters)
• Special Report: What did you do in the ETF war, daddy? (Reuters)
• SEC, several banks discuss to end mortgage deal probe: report (Reuters)
• (AP)
• Big Lots cuts outlook, shares down (Reuters)
• Spain OKs new austerity measures to calm markets (AP)
• ETFs Limit IPOs and Increase Risk? Not So Fast! (The Motley Fool)
• ECB chief Trichet says euro is 'credible' (AP)
• Eurozone retail sales up 0.5% in October: EU (AFP)
• Disney town sees death for 2nd time in a week (AP)
• BP says gov't estimate of oil flow too large (AP)
• US tax cut battle rages on (AFP)
• How Munich Re Assesses Risk (BusinessWeek)
• Lawsuit Fears Push Up Costs for Risky Banks (BusinessWeek)

Wall St flat as investors shrug off jobs report (Reuters) Posted: 03 Dec 2010 07:53 AM PST Reuters - Wall Street mostly shrugged off a weaker-than-expected payrolls report on Friday, leaving stocks little changed as the data didn't alter investors' view the economic recovery is on track.

Payrolls barely rise, jobless rate jumps (Reuters) Posted: 03 Dec 2010 08:25 AM PST Reuters - U.S. employment barely grew in November and the jobless rate unexpectedly hit a seven-month high, hardening views the Federal Reserve would stick to its $600 billion plan to shore up the fragile recovery.

Deficit-cut plan falls short, offers framework (Reuters) Posted: 03 Dec 2010 08:30 AM PST Reuters - A bold plan to slash the U.S. budget deficit fell short on Friday of winning support needed from a presidential commission to trigger congressional action, but it was expected to help shape future budget debates.

Walter Energy seals $3.3 billion Western Coal buy (Reuters) Posted: 03 Dec 2010 05:19 AM PST Reuters - U.S.-based mining group Walter Energy Inc is to buy Canada's Western Coal for C$3.3 billion ($3.3 billion) to create one of the largest producers of steel-making metallurgical coal.

Special Report: What did you do in the ETF war, daddy? (Reuters) Posted: 03 Dec 2010 05:18 AM PST Reuters - Gus Sauter, Vanguard Group's chief investment officer, vividly recalls the first time he proposed exchange-traded funds to his boss.

SEC, several banks discuss to end mortgage deal probe: report (Reuters) Posted: 02 Dec 2010 06:23 AM PST Reuters - U.S. securities regulators are in preliminary talks with several banks to resolve probes involving sales of complex mortgage bond deals that led to the financial crisis, the Wall Street Journal said, citing people familiar with the matter.

(AP) Posted: 03 Dec 2010 08:46 AM PST AP - Obama: Budget commission's work underscores need to make 'difficult choices' to curb debt.

Big Lots cuts outlook, shares down (Reuters) Posted: 03 Dec 2010 08:19 AM PST Reuters - Close-out retailer Big Lots Inc cut its outlook for the crucial holiday quarter, in the face of strong competition from rivals especially in the toys category, and a rise in debit card processing fees, sending its shares down 5 percent.

Spain OKs new austerity measures to calm markets (AP) Posted: 03 Dec 2010 08:57 AM PST AP - The Spanish government approved new austerity measures and a limited economic stimulus package Friday to ease investor fears about its debt — and insisted again it was taking strong steps to right its ailing economy.

ETFs Limit IPOs and Increase Risk? Not So Fast! (The Motley Fool) Posted: 03 Dec 2010 07:53 AM PST The Motley Fool - Last month, the Kauffman Foundation published an 85-page report that reached troubling conclusions about exchange-traded funds (ETFs). According to its authors, these popular investment vehicles prevent startups from easily tapping the capital markets, while increasing systemic risk.

ECB chief Trichet says euro is 'credible' (AP) Posted: 03 Dec 2010 08:21 AM PST AP - The European Central Bank's chief says the euro remains "credible" despite the debt crisis that has required the bailouts of Ireland and Greece and raised worries about the future of the shared currency.

Eurozone retail sales up 0.5% in October: EU (AFP) Posted: 03 Dec 2010 02:42 AM PST AFP - Eurozone retail sales rose by 0.5 percent in October compared to the previous month, when they fell, the EU's data agency said Friday.

Disney town sees death for 2nd time in a week (AP) Posted: 03 Dec 2010 08:01 AM PST AP - The owner of a failed security business barricaded himself in his soon-to-be foreclosed home, shot at deputies and then killed himself in this well-groomed Central Florida town built by Disney.

BP says gov't estimate of oil flow too large (AP) Posted: 03 Dec 2010 08:09 AM PST AP - BP is mounting a new challenge to U.S. government estimates of how much oil flowed from the runaway well deep below the Gulf of Mexico. The issue will be critical in determining the size of federal pollution fines the company will pay.

US tax cut battle rages on (AFP) Posted: 02 Dec 2010 08:13 PM PST AFP - US President Barack Obama and his Republican foes showed no sign of nearing a breakthrough deal to end a bitter political war over averting a massive New Year's tax hike.

How Munich Re Assesses Risk (BusinessWeek) Posted: 03 Dec 2010 05:08 AM PST BusinessWeek - Last Apr. 14, Iceland's Eyjafjallajokull volcano erupted. Five days later, Nissan Motor shut down three auto assembly lines in Japan. The factories had run out of tire-pressure sensors when a plane carrying a shipment from a supplier in Ireland was grounded because of volcanic ash. At a BMW plant in Spartanburg, S.C., work slowed after transmissions couldn't be delivered from Germany.

Lawsuit Fears Push Up Costs for Risky Banks (BusinessWeek) Posted: 03 Dec 2010 05:08 AM PST BusinessWeek - On Nov. 1, the Federal Deposit Insurance Corp. sued 11 former officers and board members of Heritage Community Bank, a Glenwood (Ill.) lender closed by state regulators last year. The complaint alleges that the bank's leaders ignored losses on risky commercial real estate loans while paying out millions of dollars in dividends and bonuses. The lawsuit, seeking at least $20 million, foreshadows a likely wave of litigation against the people who ran the 314 banks that have failed since the start of 2008. ...

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