NEW YORK (Reuters) - U.S. stocks tumbled on Friday, with the Nasdaq logging its sharpest decline in nearly a year, after data showing rising unemployment stoked expectations of a recession.
WASHINGTON (Reuters) - U.S. jobs growth skidded to a near-halt in December and the unemployment rate hit a two-year high, according to a government report on Friday that raised recession fears and chances of more interest-rate cuts.
NEW YORK (Reuters) - The pace of job losses in mortgage lending slowed in December, as some companies shifted workers to other areas of financial services, but the losses may pick up again in the new year as the U.S. housing market continues to weaken and credit remains tight.
NEW YORK (Reuters) - A North Carolina state judge ruled against Wal-Mart Stores Inc in a tax shelter case where the retailer paid itself rent and later counted that amount as a tax deduction.
DETROIT (Reuters) - General Motors Corp on Friday said it had terminated a $4.1 billion standby credit agreement with a syndicate of banks, saying it had sufficient liquidity without the borrowing arrangement.
NEW YORK (Reuters) - Mortgage and vehicle fleet company PHH Corp said on Friday it received a $50 million termination fee from Blackstone Capital Partners, a fund affiliated with buyout firm Blackstone Group , after a deal to buy the company fell apart.
NEW YORK (Reuters) - Sallie Mae shares fell 13 percent on Friday to their lowest level in more than seven years after the largest U.S. student lender said it plans to make fewer loans and may face higher borrowing costs.
WASHINGTON (Reuters) - More than 1 million U.S. households have requested $40 government coupons since Tuesday to help pay for converter boxes for the coming switch to digital television, officials said on Friday.
NEW YORK (Reuters) - Merrill Lynch & Co Inc's president of wealth management in the Americas will leave the brokerage at the end of the month, the company said on Friday.
NEW YORK (Reuters) - Communications between Berkshire Hathaway Inc Chairman Warren Buffett and former American International Group Inc Chairman Maurice "Hank" Greenberg won't have to be turned over to the former head of a Berkshire unit whose fraud trial begins Monday.
