EU moves on bank taxes skid into trouble (AFP)

AFP - Much-vaunted EU plans to tax banks skidded into trouble after moves to clamp down on big-spending governments also hit buffers despite broad agreement on Tuesday to regulate the financial sector.

EU OKs new financial supervision deal (AP)

AP - European Union nations agreed to create new financial oversight institutions Tuesday, hoping to prevent a repeat of the government debt crisis that nearly left Greece bankrupt and brought the European banking system to its knees.

Governor Rendell Says Gas Industry Must Pay Fair Share to Support Communities Struggling with Drilling, Protect Environment (PR Newswire)

PR Newswire - WASHINGTON, Pa., Sept. 7 /PRNewswire-USNewswire/ -- A series of accidents and environmental concerns illustrate the challenges the natural gas industry poses to the state and the reason why drilling companies need to pay their fair share to address them, Governor Edward G. Rendell said today as he visited southwestern Pennsylvania.

Casey's 1Q profit falls on fees, expenses (AP)

AP - Casey's General Stores Inc., which is fending off a hostile takeover bid, said Tuesday that its fiscal first-quarter profit fell 16 percent on fees related to evaluating the takeover offer and higher operating expenses. Its revenue rose 14 percent.

Post-holiday pump prices should slide (AP)

AP - Motorists should see pump prices slide again after they spending a little more to fill their tanks over the Labor Day weekend.

Sinochem approaches Temasek on Potash bid: sources (Reuters)

Reuters - China's state-owned chemicals group Sinochem Corp has approached Singapore state investor Temasek to join a consortium that may bid for Canada's Potash Corp , sources with knowledge of the deal said on Tuesday.

Gov't launches plan to help "underwater" borrowers (AP)

AP - The Obama administration is trying to jump-start its sputtering attempts to tackle the foreclosure crisis with an effort to assist homeowners who owe more on their properties than their homes are worth.

Coke Enterprises raises earnings forecast (Reuters)

Reuters - Coca-Cola Enterprises Inc raised its full-year earnings forecast on Tuesday, helped by improving sales trends in North America.

HSBC Chairman Green to step down (Reuters)

Reuters - Change swept through the top of Britain's banks on Tuesday as Barclays said its investment banking supremo Bob Diamond will take over as chief executive and HSBC said its chairman is leaving to go into government.

Google to start TV service in U.S. this autumn (Reuters)

Reuters - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.

S&P 500 falls 1 percent on euro bank worries (Reuters)

Reuters - Wall Street dropped on Tuesday, with the S&P 500 briefly falling 1 percent, after reports on the European banking system reignited concerns about the financial stability of the region.

Imam behind NYC mosque back in US after Gulf trip (AP)

AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday.

The Treasury's New Research Office (BusinessWeek)

BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...

AIG seeks Sept 21 approval for AIA IPO: sources (Reuters)

Reuters - American International Group Inc plans to seek Hong Kong listing committee approval on September 21, to list its Asian life insurance unit, aiming to raise about $15 billion, two sources with direct knowledge of the deal said on Tuesday.

Obama assails GOP, promotes new jobs program (AP)

AP - A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans' hard economic times.

Venezuela OKs payment for French retailer Casino (Reuters)

Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.

Wall Street ends week with hope (AFP)

AFP - Wall Street heads into next week with strong tailwind from recent days' rally and brighter outlook as traders keenly await President Barack Obama to unveil new plans for boosting the shaky US economy.