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Fri, 06 Nov 2009 23:59:07 GMT

Traders work on the floor of the New York Stock Exchange moments before the closing bell on November 5. Wall Street's gravity-defying rally found new life over the past week, providing optimism for investors heading into what has historically been one of the best periods of the year.(AFP/Getty Images/File/Spencer Platt)Reuters - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer.


Sat, 07 Nov 2009 16:14:49 GMT

Britain's Chancellor of the Exchequer Alistair Darling (R) chats with U.S. Treasury Secretary Timothy Geithner as they gather for the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland, November 7, 2009. REUTERS/Andrew WinningReuters - U.S. Treasury Secretary Timothy Geithner said high unemployment rates show that economic recovery is still perilous and governments need to maintain stimulus as long as necessary to ensure sustained growth.


Sat, 07 Nov 2009 16:22:16 GMT

Britain's Prime Minister Gordon Brown gestures during his speech on Afghanistan at the Royal College of Defence Studies in London November 6, 2009. REUTERS/Oli Scarff/PoolReuters - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.


Sat, 07 Nov 2009 00:00:47 GMT

A couple listens as a representative from Freddie Mac talks to them about a loan modification for their home at the National Urban League's Economic Empowerment Tour in Dallas, Texas June 13, 2009. REUTERS/Jessica RinaldiReuters - Freddie Mac , the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing.


Fri, 06 Nov 2009 23:47:41 GMT

Billionaire financier and Berkshire Hathaway Chief Executive Warren Buffett eats ice cream as he walks during the Berkshire Hathaway Annual Shareholders meeting in Omaha, Nebraska in this May 2, 2009. REUTERS/Carlos Barria/FilesReuters - Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.


Fri, 06 Nov 2009 23:10:08 GMT

FILE - In the Nov, 6, 2008 file photo, people look through the windows of the Nasdaq MarketSite  in New York. Stocks rose early Friday, Nov. 6, 2009, as investors shrugged off news that more jobs were lost in October than expected, pushing the unemployment rate above 10 percent for the first time since 1983.(AP Photo/Mark Lennihan, file)AP - Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher Friday.


Sat, 07 Nov 2009 00:35:17 GMT

FILE -  In this July 13, 2008 file photo, the Freddie Mac's corporate offices are seen in McLean, Va. Freddie Mac says its losses narrowed to $6.3 billion in the third quarter and the company didn't need a federal cash infusion. (AP Photo/Pablo Martinez Monsivais, FILE)AP - Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.


Fri, 06 Nov 2009 22:48:50 GMT
AP - Two former Bear Stearns hedge fund managers charged with lying to investors always were honest about the risks of investing in securities linked to the volatile subprime mortgage market, a defense lawyer told a jury on Friday.
Fri, 06 Nov 2009 21:19:50 GMT
AP - Shares of Amazon.com Inc. got a boost Friday after a Bernstein Research analyst upgraded the Seattle-based online retailer, expecting faster revenue growth in 2010.
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