Yahoo! News: Business
Thu, 02 Jul 2009 21:47:56 GMT
Bleak payrolls report mauls Wall St; volume thin (Reuters)
 Reuters - Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects.
[more info]
Thu, 02 Jul 2009 21:33:13 GMT
U.S. job losses spike in June, dampen recovery hopes (Reuters)
 Reuters - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a long, slow recovery from recession.
[more info]
Thu, 02 Jul 2009 20:40:02 GMT
J&J buys $1 billion Elan stake, gains Alzheimer's R&D (Reuters)
 Reuters - Johnson & Johnson has agreed to pay $1 billion for an 18.4 percent stake in Irish drugmaker Elan Corp , and will acquire a major stake in Elan's portfolio of experimental drugs to treat Alzheimer's disease.
[more info]
Thu, 02 Jul 2009 23:02:48 GMT
Earnings to set tone for stocks in week ahead (Reuters)
 Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
[more info]
Thu, 02 Jul 2009 21:57:14 GMT
Fate of GM in hands of bankruptcy judge (Reuters)
 Reuters - A federal bankruptcy judge will decide the immediate fate of General Motors Corp's effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing concluded on Thursday.
[more info]
Thu, 02 Jul 2009 21:29:15 GMT
CA-CANADA Summary (Reuters)
Reuters - More Canadians will be out of work in 2014 than prior to the recession, even if the economy recovers quickly and expands at a healthy clip for the next five years, a prominent economist forecast on Thursday. [more info]
Wed, 01 Jul 2009 21:57:34 GMT
Fannie, Freddie ease terms for mortgage refinance (Reuters)
 Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.
[more info]
Wed, 01 Jul 2009 21:10:28 GMT
AIG to sell consumer finance unit in Colombia (AP)
AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances. [more info]
|
