U.S. labor market shows some muscle despite slower job growth

WASHINGTON - U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages accelerated, keeping alive prospects of a Federal Reserve interest rate hike later this month. | Video

Recent Business News

Geneva wealth managers pay defrauded investors to settle Madoff case

GENEVA - Five former Geneva wealth managers have paid "substantial compensation" to settle criminal complaints brought by clients whose assets they had invested with U.S. fraudster Bernard Madoff, the Geneva prosecutor's office said on Friday.

Nissan to recall about 300,000 vehicles in U.S. to fix console panel

- Nissan Motor Co Ltd's North America unit said it would recall about 300,000 vehicles in the United States and 28,000 vehicles in Canada to adjust a console panel.

12:49pm EDT

Boeing sticks with 747 production plans despite sales drought

NEW YORK - Boeing Co said on Friday it is sticking to current production plans for its 747 jumbo jet despite a canceled order that left no net new orders for the plane in 20 months.

3:11pm EDT

SEC's Gallagher says will leave his post by October 2

WASHINGTON - U.S. Securities and Exchange Commission Republican member Daniel Gallagher announced on Friday that he will not stay on at the agency past Oct. 2.

G20 promises transparency on rate moves as global economy disappoints

ANKARA - World financial leaders will agree to calibrate and communicate monetary policy carefully to avoid triggering capital flight, but will not call an expected U.S. rate rise a risk to growth, a draft communique showed on Friday. | Video

2:41pm EDT


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