Safer financial system to come at a cost

NEW YORK (Reuters) - News Corp Chief Executive Rupert Murdoch said the global economy is still in an uncertain state and the media industry is going through a fundamental transformation that is unpredictable […]

DETROIT (Reuters) - General Motors' new boss Dan Akerson sent his first letter to staff on Thursday, saying he valued the role of organized labor in the company's success as GM heads into negotiations with its union-represented U.S. workers next year. […]

Lehman Brothers, the bankrupt investment bank, needs at least $550m to keep its two bank units going as it prepares to sell or shut them down. […]

WASHINGTON/NEW YORK (Reuters) - U.S. regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing" in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately. […]

WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes rose unexpectedly in July, an industry group said on Thursday, suggesting a tax credit-related housing market decline was close to bottoming. […]

WASHINGTON (Reuters) - Tough government follow-through on a freshly minted U.S. financial law will be crucial to ensure no bank or firm grows so large that its collapse could jeopardize the entire economy, Federal Reserve Chairman Ben Bernanke said on Thursday. […]