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Deborah Cohen Headlines

Jobless claims data points to labor improvement

New claims for unemployment benefits rose modestly last week but hovered near levels normally associated with improving labor market conditions, in a hopeful sign for the struggling economy.

Obama chides banks, taps anger over Wall Street

President Barack Obama launched an onslaught against banks and Republicans on Thursday for working to block financial reform, using a populist tone amid public anger over Wall Street practices.

Fitch slams proposed foreign profit tax break

Giving corporations a tax break on their overseas profits likely would not boost the economy or jobs, said credit rating agency Fitch Inc on Thursday after two senators unveiled a tax "holiday" bill.

Small business employment falls again in Sept

Employment at U.S. small businesses fell for a fourth straight month in September, a survey showed in Thursday, suggesting a weak payrolls number in the government's employment report due on Friday.

Factbox: Top quotes from Obama news conference

President Barack Obama extolled his jobs plan, chastised banks, called on crisis-hit European leaders to "act fast" and criticized China's currency policies in a wide-ranging news conference on Thursday.

Obama says economic growth slowed, measures needed

President Barack Obama said on Thursday there was no doubt economic growth had slowed since the beginning of 2011, and he said it was important to boost consumer confidence to help avoid the risk of another recession.

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