WHDH Business News

G-20 officials: Too early to end stimulus

ST. ANDREWS, Scotland -- Finance officials from rich and developing countries have pledged to maintain emergency support for their economies until global recovery is assured. [Full Story]

Consumer borrowing drops $14.8B in September
WASHINGTON -- Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery. [full story]
Stocks post modest gains as job losses slow
NEW YORK -- Investors undaunted by a surprisingly weak jobs report found enough positive news to nudge stocks higher. [full story]
Analysis: 10 percent jobless is Obama's new world
WASHINGTON -- For months he had warned it was coming but that didn't ease the political shockwaves for President Barack Obama when unemployment topped 10 percent. [full story]
Judge vacates $1.26B ruling against PepsiCo
The decision Friday by a Wisconsin court means PepsiCo will get its say in court -- now that it has found out about the case. [full story]
Obama to sign homebuyer, jobless bill assistance
WASHINGTON -- President Barack Obama is set to sign a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery. [full story]
Jobless rate tops 10 pct. for first time since '83
WASHINGTON -- The unemployment rate has hit double digits for the first time since 1983 -- and is likely to go higher. [full story]
Feds: 14 charged in insider trading case
NEW YORK -- Criminal charges have been filed against 14 people, including attorneys and Wall Street professionals, in a widening $53 million insider trading case that has already snared one of the richest men in America, federal prosecutors said Thursday. [full story]
Congress giving homebuyers a big new tax break
WASHINGTON -- Missed out on Cash for Clunkers? Congress has another deal for you: Buy a home before May 1 and collect up to $6,500 from the government. If you're a first-time homebuyer, get up to $8,000. [full story]
Stocks jump as jobs, productivity data boost mood
NEW YORK -- A drop in unemployment claims and an upbeat forecast from Cisco Systems Inc. gave investors new reason to be optimistic about the economy and sent stocks to big gains. [full story]