NEW YORK (AP) — Stocks are little changed in morning trading on Wall Street, after opening higher, then falling sharply, then turning mixed. Traders are digesting a mediocre jobs report and keeping an eye on the simmering tensions over Syria. Investors are moving money back into U.S. government bonds on speculation that the weak employment numbers would encourage the Federal Reserve to keep buying bonds. The yield on the 10-year Treasury note fell to 2.89 percent from 3 percent the day before, which is a big move for the bond market.
WASHINGTON (AP) — A slowdown in hiring could complicate the Federal Reserve's decision on whether to reduce its bond purchases. The Labor Department says U.S. employers added 169,000 jobs in August, fewer than economists expected. And previous estimates of job growth in June and July were revised downward. Employers have added an average of just 148,000 jobs in the past three months. The unemployment rate dropped to 7.3 percent last month, the lowest in nearly five years, but it fell because more Americans stopped looking for work.
ST. PETERSBURG, Russia (AP) — President Barack Obama says the world's economic powers focused on pursuing financial reforms and addressing tax evasion and avoidance during the G20 summit in Russia. He told reporters the economies of the U.S. and European nations have emerged from a difficult recession, but he warned Congress that it shouldn't risk a U.S. default "over paying bills we've already racked up."
DETROIT (AP) — The United Auto Workers union confirms that it's in talks with Volkswagen about representing workers a factory in Chattanooga, Tenn. The union says its representatives met with VW officials last week in Wolfsburg, Germany. Currently no U.S. plants owned by foreign automakers have UAW representation. The union has been trying for years to organize the plants, which mainly are in Southern states.
NEW YORK (AP) — A federal judge in New York is ordering Apple to modify contracts with publishers to prevent electronic book price-fixing. Judge Denise Cote (koht) also says she will appoint an external compliance monitor to review the company's antitrust policies. Apple denies it conspired to fix e-book pricing and says it will appeal the judge's July finding that it colluded with publishers in 2010.