At The Motley Fool, we know our readers like to be informed, so we've rounded up today's most relevant news items on one convenient page. We hope you find this midday edition informative and useful.
U.S. looking into homebuilders
In what some see as greater government vigilance, the U.S. Department of Labor requested records of all employees in the past two years at PulteGroup
Critics of the probe said the government may be overstepping boundaries by asking for the records. Others said that examining the subcontractors, the lifeline of homebuilding companies, could hurt the business considerably. In most states, builders are not responsible for violations of workers' rights perpetrated their subcontractors. Read more at The Wall Street Journal.
After Bartz, Yahoo! is buyout target
Carol Bartz's departure from Yahoo!
The U.S. seems to have entered a vicious cycle that could lead to a second setback for the country's economy. Consumers' rising fears make them hold back on spending, which leads to less hiring ... and therefore less spending. Experts put the country's odds of sliding into a double-dip recession between 25% and 40%, though all say that such events are very hard to predict. But the continuing pressure from Europe's debt crisis, and a weak economy that's unable to keep with population growth, paint a grim future. Read more at The New York Times.
BP's gold mine
So there you have it, the top financial stories for this afternoon. If you are interested in getting all the news and commentary on these stocks sign up for My Watchlist here -- it's free!
Michelle Zayed doesn't own any stocks mentioned. The Motley Fool owns shares of Microsoft and Yahoo!. Motley Fool newsletter serviceshave recommended buying shares of Yahoo! and Microsoft, and creating a bull call spread position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insightsmakes us better investors. The Motley Fool has a disclosure policy.