Economy & Finance
08-Oct-07
Stocks end higher following jobs report
NEW YORK - Wall Street capped a huge week with a sharp advance Friday after the government’s employment report for September and its revision of August’s data cooled the market’s fears of a recession. The Standard & Poor’s 500 index, the measure most closely followed by market watchers, reached a new closing high.
U.S. Unemployment Worsens
What does it mean when the number of jobs in September goes up, but the nation’s unemployment rate worsens? One thing for sure is that the major media will emphasize the increase in jobs, even though that increase was not sufficient to staunch the souring unemployment numbers.
Consumer borrowing up sharply in August
WASHINGTON - Consumers have boosted their borrowing at the fastest pace in three months, turning increasingly to their credit cards to replace home equity loans as a source of ready cash.
$20B worth of subprime pain
Banks have paid dearly for their big bets on mortgage securities. And the toll keeps mounting.
Ex-Google Manager Can Sue for Age Bias
SAN JOSE, Calif. (AP) - A 54-year-old former Google Inc. manager who claimed he was fired after a supervisor told him his opinions were “too old to matter” had his age discrimination lawsuit reinstated.




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