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Stocks eye retailers as jobless ranks swell (Reuters)

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.





Stimulus, not transactions tax needed: Geithner (Reuters)

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 - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.





UK gives impetus to global banks tax (Reuters)

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 - Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.





Wall Street firms skittish about RUSAL IPO: report (Reuters)

Russian tycoon Oleg Deripaska speaks during an economic conference in Moscow February 11, 2009. REUTERS/Alexander NatruskinReuters - Wall Street firms are in a quandary about getting involved with a planned public offering of Russian aluminum producer UC RUSAL because its founder has been barred from getting a U.S. visa on account of allegations that he is connected to organized crime, the Wall Street Journal reported on Saturday.





Freddie Mac posts $5 billion loss (Reuters)

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.





Stocks post modest gains as job losses slow (AP)

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.





Freddie Mac loses $6.3B in 3Q (AP)

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.





Defense asks jury to clear ex-hedge fund managers (AP) 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.


Staff at struggling German retail giant agree to tighten belts (AFP)

Two department stores of German retailers Karstadt and Kaufhof stand side-by-side in the southern German city of Trier. Employees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch effort to save their jobs.(AFP/DDP/File/Torsten Silz)AFP - Employees of the embattled German department store chain Karstadt, owned by the insolvent retail group Arcandor, agreed Saturday to take salary cuts as part of a last-ditch effort to save their jobs.





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