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Saturday, December 5, 2009 12:02 AM PST

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Today's Business News: Regulators shut AmTrust Bank in Ohio, 5 others Stocks climb as employers cut fewer jobs Unexpected drop in jobless rate sparks optimism This Was One Good Wall Street PR Move GE to buy $345 mln of ads from NBC Universal Govt: Some $600M to go to energy plants Filing: Fired CEO claims NC security co. broke law Dollar soars after unemployment rate drops Earnings Preview: Kroger Co. Switzerland halves non-EU work permits Riso replaces Kellman as Care CEO Saks revises 3Q results due to tax benefit ALL BUSINESS: Help needed for underwater mortgages Coal industry responds to Sen. Byrd diplomatically Oklahoma man sentenced for money laundering HRPT Properties closes on $175 million mortgage Home Lenders Face Sanctions Over Failed Modifications Regulators shut AmTrust Bank in Ohio, 5 others Fri, 4 Dec 2009 09:19 pm PST AP - Regulators have shut down six more banks, bringing to 130 the number of U.S. banks to be brought down so far in 2009 by recession and mountains of bad debt. Full Story Top Stocks climb as employers cut fewer jobs Fri, 4 Dec 2009 04:42 pm PST AP - Investors grew more confident about the economy but also worried that a brighter employment picture will mean rising interest rates. Full Story Top Unexpected drop in jobless rate sparks optimism Fri, 4 Dec 2009 08:10 pm PST AP - Two years of steep job cuts all but ended last month, unexpectedly pulling down the unemployment rate and raising hopes for a lasting economic recovery. Full Story Top This Was One Good Wall Street PR Move Fri, 4 Dec 2009 08:43 am PST The Motley Fool - The following is a post from the Motley Fool Editor's blog. You can see all the posts by clicking here. Full Story Top GE to buy $345 mln of ads from NBC Universal Fri, 4 Dec 2009 03:53 pm PST AP - General Electric Co. has promised to buy at least $345 million in advertising from NBC Universal over five years after selling a controlling stake in the entertainment company to Comcast Corp., according to a regulatory filing Friday. Full Story Top Govt: Some $600M to go to energy plants Fri, 4 Dec 2009 12:48 pm PST AP - The federal government is speeding up plans to produce more renewable fuels, announcing Friday it will spend nearly $600 million to help build plants that turn wood chips, cornstalks and algae into fuel. Full Story Top Filing: Fired CEO claims NC security co. broke law Thu, 3 Dec 2009 05:09 am PST AP - The fired former chief executive of Law Enforcement Associates, a maker of security gear for police and military customers worldwide, has claimed the Raleigh-based company violated U.S. export and insider trading laws, the company disclosed in an SEC filing. Full Story Top Dollar soars after unemployment rate drops Fri, 4 Dec 2009 02:01 pm PST AP - The dollar leaped higher Friday after the government said the U.S. unemployment rate dropped to 10 percent in November, leading traders to weigh chances that the Federal Reserve might begin raising interest rates sooner than they had expected. Full Story Top Earnings Preview: Kroger Co. Fri, 4 Dec 2009 03:23 pm PST AP - The Kroger Co. reports third-quarter earnings Tuesday before the market opens. The following is a summary of key developments and analyst opinion related to the period. Full Story Top Switzerland halves non-EU work permits Fri, 4 Dec 2009 01:35 pm PST AFP - Switzerland announced Friday it would halve from next year its quotas of permits for workers from outside Europe, with unemployment and immigration at high levels. Full Story Top Riso replaces Kellman as Care CEO Fri, 4 Dec 2009 03:53 pm PST AP - Care Investment Trust Inc., a real estate investment trust that invests in healthcare-related real estate and commercial mortgage debt, said Friday that Salvatore Riso Jr. had become chief executive officer. Full Story Top Saks revises 3Q results due to tax benefit Fri, 4 Dec 2009 02:06 pm PST AP - Luxury retailer Saks Inc. on Friday restated its third-quarter profit to add a $4.4 million tax benefit, bumping its net income to $6.3 million from $1.9 million. Full Story Top ALL BUSINESS: Help needed for underwater mortgages Fri, 4 Dec 2009 02:51 pm PST AP - Stop paying your mortgage. Full Story Top Coal industry responds to Sen. Byrd diplomatically Fri, 4 Dec 2009 03:56 pm PST AP - The coal industry is responding with diplomacy to Sen. Robert C. Byrd's attack on mountaintop removal mining. Full Story Top Oklahoma man sentenced for money laundering Fri, 4 Dec 2009 08:38 am PST AP - An Edmond man has been sentenced to 30 months in prison for money laundering. Full Story Top HRPT Properties closes on $175 million mortgage Fri, 4 Dec 2009 08:13 am PST AP - HRPT Properties Trust on Friday said it completed a new mortgage financing for $175 million, and plans to use the proceeds to reduce outstanding debt under its revolving bank credit facility. Full Story Top Home Lenders Face Sanctions Over Failed Modifications Wed, 2 Dec 2009 05:08 am PST BusinessWeek - (Bloomberg) The U.S. Treasury Dept. will begin taking action against lenders that aren't doing enough to ease mortgage payments for troubled homeowners as part of the Obama Administration's $75 billion pledge to curb foreclosures. 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