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Saturday, September 3, 2011 12:03 AM PDT

Today's Reuters Business News Headlines - Yahoo! News: Canadian authorities probing employees of SNC-Lavalin Group Global economy in "danger zone": Zoellick Dealers see chance of Fed's Operation Twist: Reuters poll U.S. regulator sues major banks over subprime bonds Murdoch and son get big bonuses, James declines Casting directors, producers reach contract deal Ex-employee sues Borders over mass layoffs AOL Huffpost, Tech Crunch scandal raises concerns Market expects Operation Twist in September BNY Mellon grants ex-CEO Kelly $33.8 million in pay Job growth stalls, fuels recession fears Jobless rate too high, shows need to act: White House Waiting for good news? So are employers Optimism for U.S. hiring gives way to caution BofA job cuts could reach 30,000: report Canadian authorities probing employees of SNC-Lavalin Group Fri,2 Sep 2011 07:34 PM PDT Reuters - WASHINGTON (Reuters) - Canadian authorities are investigating employees of SNC-Lavalin Group Inc for possible corruption involving a $1.2 billion World Bank bridge project in Bangladesh, a bank spokesman said on Friday. Full Story Top Global economy in "danger zone": Zoellick Fri,2 Sep 2011 06:37 PM PDT Reuters - BEIJING (Reuters) - The world economy is stepping into a "new danger zone," World Bank President Robert Zoellick said on Saturday, as growth slows and investor confidence weakens. Full Story Top Dealers see chance of Fed's Operation Twist: Reuters poll Fri,2 Sep 2011 05:10 PM PDT Reuters - NEW YORK (Reuters) - Wall Street sees an 80 percent chance the Federal Reserve will intervene in the bond market to lower long-term interest rates, according to a Reuters poll, after a report showed the U.S. jobs crisis deepened in August. Full Story Top U.S. regulator sues major banks over subprime bonds Fri,2 Sep 2011 04:40 PM PDT Reuters - WASHINGTON/NEW YORK (Reuters) - A U.S. regulator sued 17 large banks and financial institutions on Friday over losses on about $200 billion of subprime bonds, which may hamper a broader government settlement of the mortgage mess left over from the housing crisis. Full Story Top Murdoch and son get big bonuses, James declines Fri,2 Sep 2011 04:37 PM PDT Reuters - NEW YORK (Reuters) - News Corp awarded Rupert Murdoch and his son James big compensation increases, though James declined his bonus, citing controversy over a phone hacking scandal at the UK newspaper unit that he oversees. Full Story Top Casting directors, producers reach contract deal Fri,2 Sep 2011 04:33 PM PDT Reuters - LOS ANGELES (TheWrap.com) - Negotiators for casting directors and the Alliance of Motion Picture & Television Producers agreed on a proposed contract Friday. The union will bring it to members for a vote on September 15. Full Story Top Ex-employee sues Borders over mass layoffs Fri,2 Sep 2011 04:33 PM PDT Reuters - NEW YORK (Reuters) - A Borders Group Inc unit failed to give its workers proper notice of mass layoffs when it announced plan to liquidate in July, a new lawsuit alleges. Full Story Top AOL Huffpost, Tech Crunch scandal raises concerns Fri,2 Sep 2011 04:30 PM PDT Reuters - NEW YORK (TheWrap.com) - With Labor Day weekend a day away -- or for the more fortunate, in full swing -- it is only fitting that another controversy erupted before the unofficial end of a summer of salacious scandal. Full Story Top Market expects Operation Twist in September Fri,2 Sep 2011 03:58 PM PDT Reuters - NEW YORK (Reuters) - U.S. government bond investors see Federal Reserve action to boost the flagging economy as practically a done deal after Friday's dismal jobs report. Full Story Top BNY Mellon grants ex-CEO Kelly $33.8 million in pay Fri,2 Sep 2011 03:50 PM PDT Reuters - NEW YORK (Reuters) - Bank of New York Mellon Corp has agreed to pay $33.8 million in severance and benefits to Robert Kelly, who stepped down as chief executive this week after disagreeing with the board over how to manage the company. Full Story Top Job growth stalls, fuels recession fears Fri,2 Sep 2011 03:48 PM PDT Reuters - WASHINGTON (Reuters) - U.S. employment growth ground to a halt in August, reviving recession fears and piling pressure on both President Barack Obama and the Federal Reserve to provide more stimulus to aid the frail economy. Full Story Top Jobless rate too high, shows need to act: White House Fri,2 Sep 2011 03:24 PM PDT Reuters - WASHINGTON (Reuters) - The White House said on Friday that unemployment remained "unacceptably high" and that a government report showing job growth ground to a halt in August underscored the need for new measures to boost hiring. Full Story Top Waiting for good news? So are employers Fri,2 Sep 2011 03:24 PM PDT Reuters - NEW YORK (Reuters) - If you take one open job, and one ideal job candidate, how many rounds of interviews will it take for that person to get hired? Full Story Top Optimism for U.S. hiring gives way to caution Fri,2 Sep 2011 03:24 PM PDT Reuters - NEW YORK (Reuters) - Small business owner Bill Thompson says he doesn't need a government plan to get him to hire more workers -- what he needs is for the economy to get back on track. Full Story Top BofA job cuts could reach 30,000: report Fri,2 Sep 2011 03:20 PM PDT Reuters - (Reuters) - Bank of America Corp executives are discussing plans to potentially shed 25,000 to 30,000 jobs over the next several years, the Charlotte Observer said. Full Story Top

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