Aaron's Daily WWW Newspaper

ZURICH (Reuters) - UBS is still committed to its investment bank, under fire after one of its London traders was charged over a $2 billion loss, the bank's Chairman Kaspar Villiger told a Swiss newspaper.

(Reuters) - Countrywide Financial's lawsuit losses could compel parent Bank of America Corp (BofA) to put up the unit on the bankruptcy block, Bloomberg reported citing four people with knowledge of the firm's strategy.

NEW YORK (Reuters) - People looking for a temporary retail job this holiday season will have better luck at dollar stores and discounters than at department stores and middle market apparel chains, as the anemic U.S. economy keeps other retailers cautious.

WROCLAW, Poland (Reuters) - A "moved" Jean-Claude Trichet neared the end of 24 years of policymaking on Saturday after attending his last informal meeting of European finance ministers as head of the European Central Bank.

LOS ANGELES (Reuters) - Star bond investor Jeffrey Gundlach was awarded $66.7 million by a jury over his messy divorce from money management firm Trust Company of the West, in one of the ugliest battles ever to grip the multitrillion-dollar bond-fund world.

BRUSSELS (Reuters) - The overall situation of European banks is stable, the chairman of euro zone finance ministers Jean-Claude Juncker said on Saturday after discussions with European Union finance ministers.

European Union finance ministers are debating a tax on financial transactions that could raise money for the EU as well as make banks share the burden of bailouts, but strong resistance means the idea is scaling back from a global tax to just a European one.

General Motors Co. and the United Auto Workers, sobered by the government bailout and bankruptcy just two years ago, agreed on a new four-year contract without the public acrimony or strikes that have plagued the talks in the past.

President Barack Obama is keeping up his appeal for public support of his $447 billion proposal to boost jobs and consumer spending by urging Americans to press Congress to pass the legislation. "No more division or delay," he said.

Americans' wealth declined this spring for the first time in a year, as stocks and home values fell. At the same time, corporations increased the size of their cash stockpiles.

Educated at an exclusive school in a picturesque patch of English countryside, Ghana-born trader Kweku Adoboli was known to neighbors as a polite and well dressed young man who mixed grueling hours in London's financial district with a lavish social life in the capital's nightspots.

The stock market finished its second-best week in a year Friday as Europe's debt problems appeared to get closer to a resolution.

Grocery store chains are laying plans in the event grocery workers decide to go on strike over stalled contract negotiations on Sunday night — Ralphs will close, Albertsons may and Vons intends to stay open.

Unbeknownst to most customers, AT&T Inc. has fired up a new wireless data network in five cities in the last few months, offering roughly double the speeds of its older network for a handful of devices.

The two biggest foreign buyers of U.S. Treasury securities kept investing during a tense fight in Washington over raising the government's borrowing limit. But overall foreign holdings fell for only the second time in more than two years, a sign that some investors worried about a possible default.

Unemployment rates rose in a majority of states in August for a third straight month, further evidence that the depressed job market is widespread.

BRUSSELS (Reuters) - The overall situation of European banks is stable, the chairman of euro zone finance ministers Jean-Claude Juncker said on Saturday after discussions with European Union finance ministers.

WROCLAW, Poland (Reuters) - A "moved" Jean-Claude Trichet neared the end of 24 years of policymaking on Saturday after attending his last informal meeting of European finance ministers as head of the European Central Bank.