An Indonesian volcano that was quiet for four centuries shot a new, powerful burst of hot ash more than 10,000 feet in the air Friday, sending frightened residents fleeing to safety for the second time this week.
Hurricane Earl churned past the North Carolina Outer Banks and its powerful gusts and driving rains were starting to be felt in southeastern Virginia early Friday, the beginning of at least 24 hours of stormy, windy weather along the East Coast.
Private employers added 67,000 jobs, more than forecast, but governments shed jobs in August, the Labor Department reported, as the jobless rate rose to 9.6 percent.
The explosion, two days after an other attack, led to further protests as grieving mourners went on rampage, clashing with the police and setting fire to vehicles and motorcycles parked nearby.
A bomb blast rocked a Shiite rally held to express solidarity with the Palestinian people in Pakistan's southwestern city of Quetta on Friday, killing at least 43 people.
As the last of 30,000 U.S. reinforcements arrive in Afghanistan, U.S. Defense Secretary Robert Gates on Friday got a firsthand look at operations in the dangerous south.
The head of the U.N. nuclear watchdog has invited Israel to consider joining a global anti-nuclear arms pact and to place all its atomic facilities under his agency's inspections, an IAEA report said on Friday.
Pro-government militiamen attacked the home of an Iranian opposition leader with homemade bombs and beat one of his bodyguards unconscious, an opposition website reported, in an apparent attempt to keep him from attending a key rally on Friday.
[at Reuters] - The Federal Reserve s decision to begin buying Treasuries again was a precautionary step, not the opening salvo in a new policy course, Atlanta Fed President Dennis Lockhart said on Friday.
[at MarketWatch] - Growth slowed in the U.S. non-manufacturing sector in August, hitting 51.5%, compared with 54.3% in July, the Institute for Supply Management reports.
[at MarketWatch] - There has been too much alarmist discussion of recent economic indicators and the outlook is not as pessimistic as some have suggested, said Dennis Lockhart, the president of the Atlanta Federal Reserve Bank on Friday.
[at Reuters] - Overhauling the U.S. financial system after the worst crisis since the 1930s will not be easy, but it is critical, Federal Reserve Bank of Chicago President Charles Evans said on Friday.
[at Reuters] - U.S. short-term interest rate futures traders raised expectations of a Federal Reserve rate hike next year, after a government report showed the economy lost fewer jobs in August than expected.
[at MarketWatch] - The U.S. economy shed 54,000 nonfarm jobs in August, the Labor Department reported Friday, a much slower decline than economists anticipated as the health care and temporary staffing industries expanded.
[at MarketWatch] - The U.S. economy shed 54,000 nonfarm jobs in August, the Labor Department reported Friday, a much slower decline than economists anticipated as the private sector created employment.
[at Reuters] - The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co s proposed initial public offering, the Wall Street Journal said.
[at Reuters] - The White House stressed on Thursday that no second economic stimulus package is being considered as part of new measures under review by President Barack Obama s team.
[at CNBC] - Friday s jobs report is expected it to be pivotal not only for stock and bond investors but for the Federal Reserve, which is weighing whether to take further steps to boost the struggling US economy.
