Business and Finance news

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 […]

Global stocks fell again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe’s debt crisis, which is stoking acute fears over the continent’s banking sector.
However, a better than anticipated opening on Wall Street helped European markets recoup a large chunk of their earlier losses.
“This week has seen a continuation of […]

Fitch Ratings said Tuesday that it would keep its rating on long-term U.S. debt at the highest grade, AAA, and said the outlook remained stable. But it warned that it could lower the outlook to negative if Congress failed to trim future deficits.
Fitch’s rating was the best given by the three major credit rating agencies. […]

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 […]

You’re poorer than you think.
As the recent turmoil on the Toronto stock market wiped out $163 billion in Canadians’ savings, some are rethinking everything from their planned retirement date to next winter’s beach holiday and even their choice of restaurant.
It’s a phenomenon called the “Wealth Effect,” an economic term that refers to the link between […]

Deutsche Telekom AG said Thursday net profit fell 27 percent in the second quarter as it took one-time charges for early retirements in Germany and faced lagging revenue and excessive customer turnover in the U.S. mobile business it is selling to AT&T.
Net profit fell to euro348 million ($496 million) from euro475 million in the same […]

The Senate has approved an emergency bill to avert a first-ever government default with just hours to spare.
The strong bipartisan vote was 74-26. The measure now heads to President Barack Obama for his signature. The legislation makes a down payment on taming out-of-control budget deficits.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further […]

Enterprise Financial Services Corp. posted a record profit in the second quarter, boosted by growth in commercial and industrial loans and higher net interest income.
Enterprise’s $9.9 million profit, or 52 cents a share, in the second quarter that ended June 30 is up from a profit of $737,000 in the second quarter of 2010, or 1 cent […]

Now playing: Movies at Walmart.com.
The world’s largest retailer on Tuesday started streaming many movies the same day they come out on DVD, in a second bid for a share of popular movie rental and streaming website Netflix Inc.’s business and just two weeks after Netflix announced new price increases.
Wal-Mart Stores Inc. bought video-streaming service Vudu.com […]