Business and Finance news

Yemen’s outgoing president said Saturday he would leave the country for the United States to help calm tensions in his country as forces commanded by his son and nephew opened fire on more than 100,000 protesters marching into the capital, killing at least nine.
The protesters had marched on foot for four days from the city […]

Amgen Inc. is laying off about 380 employees in research and development as it restructures its R&D operations.
The biotech company, based in Thousand Oaks, Calif., says the layoffs are targeted to enable the company to better allocate its research and development resources.
Company spokeswoman Christine Regan says the affected employees were notified Wednesday. They work at […]

Federal health officials said Wednesday more illnesses and possibly more deaths may be linked to an outbreak of listeria in cantaloupe in coming weeks.
So far, the outbreak has caused at least 72 illnesses _ including up to 16 deaths _ in 18 states, making it the deadliest food outbreak in the United States in more […]

ST. LOUIS

U.S. stock futures are falling as anxious traders await a key report on hiring and employment in August.
The Labor Department reports at 8:30 a.m. Eastern on the number of jobs created in August. Economists surveyed by FactSet expect that the economy added 93,000 jobs, not enough to reduce the 9.1 percent unemployment rate.
Global markets sank […]

Japan’s parliament elected former Finance Minister Yoshihiko Noda as the new prime minister on Tuesday _ the country’s sixth leader in five years.
A fiscal conservative, Noda faces a host of daunting problems, including the post-tsunami recovery and nuclear crisis, and a sluggish economy and the yen’s surge, which hurts Japan’s exporters.
Noda, who was elected Monday […]

Jamestown Mall’s owner has a 90-day reprieve to find a buyer or otherwise resolve its default on a more than $2 million loan.
Jamestown Mall’s New York-based owner, Jamestown Mall Realty Management LLC, filed for Chapter 11 bankruptcy Aug. 8 to halt foreclosure proceedings brought by its lender, MFC Real Estate LLC. MFC alleged the mall owner defaulted on a […]

Global stocks continued their rebound Monday on hopes that the recent sharp volatility in the markets has run its course following a run of stronger than anticipated economic data and after Google announced a $12.5 billion deal.
Though concerns remain over the state of the global economy and Europe’s debt crisis, many investors think the recent […]

Is it time to sell everything or buy with abandon?
Investors can’t make up their minds. This week was one of the most volatile in the history of Wall Street. The Dow Jones industrial average swung more than 400 points four days in a row _ down, then up, then down, then up.
It’s frightening, but experts […]

Treasury prices fell Thursday after the government reported that fewer people applied for unemployment benefits last week.
The Labor Department said Thursday that first-time claims for unemployment benefits dipped below 400,000 last week for the first time in four months. That gave investors more confidence to buy riskier assets like stocks. The Dow Jones industrial average […]