A Federal Reserve official has called for more "monetary accommodation" to tackle surging unemployment and the country's under pressure mortgage market.
This has not been a good year for President Obama. His opinion poll ratings have fallen as worries about entrenched unemployment have risen.
The Securities and Exchange Commission (SEC) has approved rules making it harder for overseas firms to list in the US via mergers with shell companies - a move advocated by Fidelity's Anthony Bolton earlier this year.
Neptune US Income fund manager targets yield of 3.5%-4% per annum.
Manager maintains ‘reasonably upbeat' stance on long-term prospects for US consumers, as housing market shows signs of bottoming out.
Groupon, the online coupon group, raised $700m in its highly anticipated initial public offering on Thursday night, with the pricing at $20 a share valuing the group at $12.65bn.