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Obama to propose plant, equipment tax write-off (Reuters)

Reuters - President Barack Obama will propose on Wednesday that businesses be allowed to write off all their new investments in plant and equipment through 2011, an administration official said on Monday.

Asian stocks down, but recovery worries are easing (AP)

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidAP - Asian stock markets fell in early trading Tuesday but losses were limited on easing worries over the pace of the global economic recovery.


Obama kicks off campaign with infrastructure plan (Reuters)

Audience members cheer as U.S. President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day, September 6, 2010. REUTERS/Larry DowningReuters - President Barack Obama, scrambling to jump-start job creation in a sluggish U.S. economy, proposed a six-year plan on Monday to rebuild aging roads, railways and runways with an initial $50 billion investment.


As Democrats fear rout, Obama launches new jobs push (AFP)

US President Barack Obama makes remarks on the economy at the Milwaukee Laborfest in Milwaukee, Wisconsin. US Obama Monday promised more than 50 billion dollars to create jobs rebuilding roads, railways and airports, targeting huge unemployment and ripping resurgent Republicans.(AFP/Tim Sloan)AFP - US President Barack Obama Monday promised more than 50 billion dollars to create jobs rebuilding roads, railways and airports, targeting huge unemployment and ripping resurgent Republicans.


(AP)

AP - President Obama says rewarding greed, recklessness, special interests won't fix economy.

Greeting card giant Hallmark heads for 2nd century (AP)

Rich LaPierre, a Hallmark Cards Inc. designer for the Peanuts line, works on artwork during a 100-year anniversary reception at the company's headquarter Tuesday, July 20, 2010, in Kansas City, Mo. Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.   (AP Photo/Ed Zurga)AP - Hallmark Cards Inc., a $4 billion empire built on a demand for printed sentimentality, enters its second century facing a weak economy and what could be an even greater challenge: a generation that has grown up posting its sentiments online.


Fed should not set limit on economy aid: Kohn (Reuters)

Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said.

FTSE 100 closes higher (AFP)

London shares climbed on Monday as investors further digested last week's better-than-expected US jobs data which reduced prospects of a return to recession.(AFP/File/Carl de Souza)AFP - London shares climbed on Monday as investors further digested last week's better-than-expected US jobs data which reduced prospects of a return to recession.


World stocks gain, dollar falls (AFP)

Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.(AFP/File/Shaun Curry)AFP - Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.


World stocks gain, dollar falls (AFP)

Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.(AFP/File/Shaun Curry)AFP - Global stock markets rose and the dollar fell on Monday as investors further digested better-than-expected US jobs data which reduced prospects of a return to recession.


Labor secretary: Obama doing good job on economy (AP)

AP - Labor Secretary Hilda Solis is defending President Barack Obama's efforts to combat the recession and unemployment, saying his focus has been on helping the jobless and underemployed.

Obama to launch political offensive on economy (AFP)

US President Barack Obama -- seen here on September 5 -- has unveiled plans to spend at least 50 billion dollars to expand and renew US roads, railways and airports, in a fresh bid to fire up sluggish economic growth.(AFP/Saul Loeb)AFP - US President Barack Obama will travel to the Midwestern US state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery.


China Inc gets new chairman as state-owned firms' clout grows (Reuters)

Reuters - Wang Yong, a name little heard on the global business stage, has become boss of the world's biggest mobile telecom carrier, the most valuable coal producer and Asia's top oil refiner.

Oil hovers above $74 as traders eye US economy (AP)

An engineer works at the Barjisiya oil fields in Zubair One south west of the city of Basra, Iraq. Global dependency on the Organization of Petroleum Exporting Countries for crude oil will rise in the next five to 10 years as output by non-OPEC nations falls, the head of the International Energy Agency (IEA) has said.(AFP/File/Essam -al-Sudani)AP - Oil prices slipped to near $74 a barrel Monday in Asia as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment.


Aftershocks rattle quake-hit NZ city (Reuters)

A resident walks past damaged shops from yesterday's major earthquake in Christchurch September 5, 2010. Strong aftershocks and gale-force winds buffeted a clean-up of New Zealand's second biggest city on Sunday following the country's most damaging earthquake in 80 years. REUTERS/Iain McGregor/The PressReuters - Aftershocks rocked New Zealand's second-biggest city on Monday causing further damage and forcing authorities to extend a state of emergency after the country's most damaging earthquake in 80 years.


Obama to propose 100 billion tax credit (AFP)

US President Barack Obama waves after arriving aboard Marine One on the South Lawn of the White House in Washington on September 5, 2010. Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.(AFP/Saul Loeb)AFP - President Barack Obama will call for a 100-billion-dollar business tax credit this week to boost the sagging US economic recovery, The Washington Post reported.


Diverse water sources key to food security: report (Reuters)

Cattle Egrets are seen as Egyptian farmers work in a field in a village near Alexandria, around 220 km (137 miles) northwest of Cairo, May 18, 2009. REUTERS/Asmaa WaguihReuters - Increasingly erratic rainfall patterns related to climate change pose a major threat to food security and economic growth, water experts said on Monday, arguing for greater investment in water storage.


Want cheapskates to spend? Hawk gizmos that save (AP)

This photo taken Aug. 9, 2010, shows the Squeezeit product on a toothpaste tube in New York. Demand is rising for kitchen and bath gadgets that squeeze out that last blob of toothpaste and help get the suds out of tiny slivers of soap. Cheapskate gadgets may be a sign of the times, but they're also a sign of how product makers and retailers are trying to get people back in the spending habit. (AP Photo/Richard Drew)AP - How do you get penny pinchers to spend these days? Pitch products that promise to save them money.


What might make the Fed flinch? (Reuters)

Federal Reserve Board Chairman Ben Bernanke makes his way through the Dirkson building hallway after a Financial Crisis Inquiry Commission hearing on Reuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.


Bad credit? For corporate borrowers, not a problem (AP)

AP - With rising fears of a prolonged recession and stomach-churning moves in the stock market, corporate bond markets have performed so well this year they look like they're part of a parallel universe.

Putting 5 cheapskate accessories to the test (AP)

AP - Companies are unleashing lots of gadgets to help consumers be more frugal, but are they worth the money?

Official: Obama backing research tax credits (AP)

Audience members cheer as U.S. President Barack Obama attends the Milwaukee Laborfest event in Wisconsin to celebrate Labor Day, September 6, 2010. REUTERS/Larry DowningAP - Seeking ways to spur economic growth ahead of the November elections, President Barack Obama will ask Congress to increase and permanently extend research and development tax credits for businesses, a White House official said Sunday.


Expiring tax cuts pose dilemma for US lawmakers (AFP)

The U.S. Capitol building. US lawmakers returning from summer recess face a conundrum on tax cuts set to expire at the end of this year, with the economy seemingly sputtering ahead of looming congressional elections.(AFP/Getty Images/File/Brendan Smialowski)AFP - US lawmakers returning from summer recess face a conundrum on tax cuts set to expire at the end of this year, with the economy seemingly sputtering ahead of looming congressional elections.


IMF's Lipsky says moderate world recovery underway (Reuters)

John Lipsky, the International Monetary Fund's first deputy managing director, answers a reporter's question after the meeting of G20 finance and central bank deputies in Gwangju, south of Seoul, September 5, 2010. REUTERS/Lee Jae-WonReuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.


Wall Street ends week with hope (AFP)

Street signs outside the New York Stock Exchange. Wall Street heads into next week with strong tailwind from recent days' rally and brighter outlook as traders keenly await President Barack Obama to unveil new plans for boosting the shaky US economy.(AFP/File/Stan Honda)AFP - Wall Street heads into next week with strong tailwind from recent days' rally and brighter outlook as traders keenly await President Barack Obama to unveil new plans for boosting the shaky US economy.


SEC reaches settlement with ex-Qwest CEO Nacchio (AP)

AP - The Securities and Exchange Commission has reached a settlement in its civil lawsuit against former Qwest CEO Joseph Nacchio.

Stocks extend September rally after jobs report (AP)

In this Sept. 1, 2010 photograph, traders and specialists work the trading floor of the New York Stock Exchange, in New York. (AP Photo/David Karp)AP - The stock market had its first winning week in a month thanks to better news on the economy.


Summary Box: Stock market snaps a three-week slump (AP)

AP - SEPTEMBER RALLY: The stock market had its first winning week in a month after better news on employment and manufacturing lifted shares.

Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)

An oil platform off the coast of Brazil. Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.(AFP/File/Antonio Scorza)AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.


How the major stock indexes fared Friday (AP)

AP - The stock market had its first winning week in a month after news on the economy started getting better. The Dow Jones industrial average jumped 128 points Friday, its fourth straight day of gains. Even after its four-day run, which added 438 points to the Dow, the index is still 6.8 percent below its April high.

Stocks rally as jobs data spurs optimism (Reuters)

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.


MGIC added $1.2B in mortgage coverage in August (AP)

AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.

A look at economic developments around the globe (AP)

AP - A look at economic developments and activity in major stock markets around the world Friday:

Sirius XM Has a Stern Decision to Make (The Motley Fool)

The Motley Fool - Satellite-radio star Howard Stern is negotiating in public again.

(AP)

AP - Coast Guard: no sign of oil leak after Gulf platform fire, but crews continue to monitor.

"Quote stuffing" a focus in flash crash probe (Reuters)

Traders at the New York Stock Exchange on August 31. Asian and European stocks were rising, lifted by bargain-hunting and upbeat data, as dealers set aside Wall Street's worst August performance in nine years amid stubborn US recovery doubts.(AFP/Getty Images/Spencer Platt)Reuters - U.S. regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing", in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately.


US Def Sec: Afghans should lead corruption fight (AP)

U.S. Defense Secretary Robert Gates, right, is greeted by top NATO commander Gen. David Petraeus as he arrives in Kabul, Afghanistan on Thursday, Sept. 2, 2010.  (AP Photo/Jim Watson, Pool)AP - U.S. Defense Secretary Robert Gates said Thursday that while the fight against corruption must be led by Afghans, the U.S. is working on new ways to prevent millions of American dollars flowing into the nation from underwriting bribery and graft.


5 Tax Moves to Make Now (U.S. News & World Report)

U.S. News & World Report - It may seem a bit strange to be talking about income taxes in September. There are, however, good reasons to think about taxes well before April 15. For starters, there are some big changes in the tax code that go into effect in 2011. Depending on your income tax bracket and investments, some simple planning now could save you a bundle later.

Summary Box: Mortgage rates hit low of 4.32 pct. (AP)

AP - RECORD LOWS: Mortgage rates fell to the lowest levels in decades for the tenth time in 11 weeks, mortgage buyer Freddie Mac said Thursday. The average rate for a 30-year fixed loan was 4.32 percent. The 15-year fixed loan hit 3.83 percent.

How to Get a Government-Backed, Zero-Down-Payment Mortgage (U.S. News & World Report)

U.S. News & World Report - More than four years after real estate values peaked, the historic plunge in home prices remains fresh in the minds of mortgage lenders. After taking painful losses on delinquent home loans, banks have imposed tougher standards--such as increased credit scores and higher down payment requirements--on applicants of all stripes. And as investors fled for the hills, the exotic mortgage products that helped fuel the real estate boom have largely disappeared from the private market. But that doesn't mean all buyers need a big pile of cash to snag a home loan. ...
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