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Reuters: Top News

WASHINGTON (Reuters) - Job growth braked sharply in May and the unemployment rate rose for the first time in 11 months, putting pressure on the Federal Reserve to ease monetary policy further to shore up the sputtering recovery.

WASHINGTON, June 1 - Consumer spending rose modestly in April while incomes grew more slowly and inflation pressures eased, according to Commerce Department data published on Friday.

NEW YORK (Reuters) - The manufacturing sector grew in May at its slowest pace in three months as economic trouble overseas dented demand for exports, an industry survey showed on Friday.

WINSTON-SALEM, North Carolina (Reuters) - Three jurors who acquitted former U.S. Senator John Edwards on one count of taking illegal campaign money for his failed 2008 presidential bid said on Friday there was not enough evidence to convict him of five related federal charges.

NEW YORK (Reuters) - The pace of growth in manufacturing slowed modestly in May but a gauge of new orders rose to its highest in over a year, according to an industry report released on Friday.