Brown floats global tax on banks

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Gordon Brown raised the possibility of a global tax on financial transactions in a move that threatened to reignite international tensions over the regulation of the banking industry and upstage the Group of 20 meeting of finance ministers and central bank governors Read Full Story
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US House opens debate on healthcare bill

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The US House of Representatives opened debate on a sweeping reform bill that would spark the biggest healthcare changes in four decades, with a potentially close final vote expected later in the day Read Full Story
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Kraft set for hostile move on Cadbury

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US group finalising plans to make a direct appeal to the shareholders when a ‘put-up or shut-up’ deadline enforced by the Take-over Panel expires Read Full Story
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Afghanistan hits back at foreign criticism

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Afghanistan hit back at pressure from Western powers for it to crackdown on corruption and accused the United Nations envoy to Kabul of seeking to interfere in the formation of the next government Read Full Story
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Stocks eye retailers as jobless ranks swell

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NEW YORK (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. Read Full Story
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Freddie Mac posts $5 billion loss

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NEW YORK (Reuters) – 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. Read Full Story
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Wall St. rises 3 percent for week on Friday’s slim gain

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NEW YORK (Reuters) – U.S. stocks rose 3 percent for the week after ending Friday’s session slightly higher, shrugging off government data showing the unemployment rate hit 10.2 percent — the highest in 26-1/2 years. Read Full Story
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U.S. jobless rate surges to 10.2 percent

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WASHINGTON (Reuters) – The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount. Read Full Story
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Ore. man charged with drunk driving after 911 call

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SALEM, Ore. (AP) — Oregon police have charged a man with drunk driving after he called 911 to report his marijuana as stolen but the dispatcher couldn’t understand him because he was vomiting while on the road…. addthis_url = ‘http%3A%2F%2Fobsoletecertainty.com%2Fore-man-charged-with-drunk-driving-after-911-call%2F’; addthis_title = ‘Ore.+man+charged+with+drunk+driving+after+911+call’; addthis_pub [...] Read Full Story
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The Day Ahead: Fannie Mae Needs Another Bailout; Markets Wait for Jobs Report

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From:  badpaper.org
Trading is cautious ahead of the month’s most important indicator. Equities jumped more than 2% on Thursday on optimism for the labor market and positive earnings from blue-chip companies, but sentiment is more cautious in the final hour before nonfarm payrolls. Dow Futures continue to dance around the 10k level while S&P 500 futures trade [...] Read Full Story
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