U.S.

Financial News

U.S. Jobless Rate Jumps to 26-Year High of 10.2%, Posing Risk to Recovery The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, threatening the emerging economic recovery and giving President Barack Obama and Democrats a bigger hurdle to overcome before next year’s Congressional elections.

U.S. Treasury Two-Year Notes Gain as Unemployment Rate Tops 10% in October Treasury two-year note yields touched the lowest since May after the U.S. unemployment rate rose to a 26-year high of 10.2 percent and the Federal Reserve said it will keep rates at record lows for an “extended period.”

Berkshire Net Income Triples to $3.2 Billion on Buffett's Stock, Bond Bets Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. said third-quarter profit tripled on gains in derivatives tied to stocks and bonds.

UCBH Holdings' Bank Is Seized, Becomes 120th U.S. Lender Closed This Year UCBH Holdings Inc.’s United Commercial Bank, a San Francisco-based lender with $11.2 billion in assets, was seized by regulators, becoming the 120th U.S. bank to fail this year.

Fannie Mae Bid to Sell Tax Credits Vetoed by U.S., Thwarting Goldman Sachs Fannie Mae’s request to sell $2.6 billion in low-income housing tax credits would be a bad deal for taxpayers and won’t be allowed, the U.S. Treasury said.

Top Cadbury Holder Franklin Resources Bought for M&A, Awaits Kraft Offer Franklin Resources Inc. fund manager Anne Gudefin, whose company is the biggest investor in Cadbury Plc, said she targeted the U.K. confectioner as a takeover candidate before Kraft Foods Inc.’s unsolicited approach.

Galleon Executive Panu Quits Concurrent Computer's Board Amid Fund Probe Krish Panu, a managing partner at Galleon Group LLC, resigned from the board of software maker Concurrent Computer Corp. after the New York hedge-fund firm’s involvement in an insider-trading scandal.

Rupert Murdoch Would Like One of His Children to Succeed Him at News Corp. News Corp. Chairman Rupert Murdoch, who began building his media group with the Adelaide News in 1953, said he’d like one of his children to succeed him, amid regular discussions about who will take over at the U.S. company.

Dimon's Dad Quits Merrill to Work for Son's Brokerage, Brings Along Team If Jamie Dimon ever needs fatherly advice, he can turn to his newest employee: Dad.

Tishman Blackrock Move $3 Billion Stuyvesant Town Loan to Special Servicer The $3 billion loan backed by Stuyvesant Town-Peter Cooper Village in Manhattan was transferred to a special servicer at the request of Tishman Speyer Properties Inc. and Blackrock Realty, Fitch Ratings said.

General News

Democrats Reach Deal on Abortion, Setting Stage for Health Overhaul Debate House Democrats moved to clear one of the last hurdles to a historic debate on legislation to overhaul the U.S. health system, agreeing to a demand by 40 lawmakers to allow a vote on restricting funds for abortion.

Massacre at Fort Hood Prompts U.S. Army to Re-Examine Stress on Soldiers The shooting that killed 13 people on a U.S. Army base in Texas has spurred the Obama administration to re-examine the stresses on a military force that has been at war for eight years.

S&P 500 

Dow Industrials 

Treasuries 

Futures 

Top U.S. Funds 

Americas Currencies