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Bleak payrolls report mauls Wall St; volume thin (Reuters)
seen at 2009-07-02 21:47:56 - Yahoo!News#60;p>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.
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U.S. job losses spike in June, dampen recovery hopes (Reuters)
seen at 2009-07-02 21:33:13 - Yahoo!NewsReuters - 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.
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J&J buys $1 billion Elan stake, gains Alzheimer s R&D (Reuters)
seen at 2009-07-02 20:40:02 - Yahoo!NewsReuters - 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.
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GM says if sale not approved it could liquidate (Reuters)
seen at 2009-07-02 19:42:45 - Yahoo!NewsReuters - General Motors Corp would be forced into liquidation if its proposed asset sale were not approved despite urging from dissident bondholders that another course be pursued, the company s lead bankruptcy lawyer said on Thursday.
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Magna board set to approve Opel plans: sources (Reuters)
seen at 2009-07-02 18:27:11 - Yahoo!NewsReuters - Magna s (MGa.TO) board of directors is scheduled to approve on Tuesday a business plan for the acquisition of German carmaker Opel, two sources familiar with the matter said on Thursday.
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World stocks down ahead of key US jobs data (AP)
seen at 2009-07-02 11:58:14 - Yahoo!NewsAP - World stocks mostly fell Thursday as investors braced for a crucial U.S. jobs report that could set the tone in markets for the coming few days at least.
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Fannie, Freddie ease terms for mortgage refinance (Reuters)
seen at 2009-07-01 21:57:34 - Yahoo!NewsReuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.
trackback:http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20090701/bs_nm/us_financial_housingAIG to sell consumer finance unit in Colombia (AP)
seen at 2009-07-01 21:10:28 - Yahoo!NewsAP - 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.
trackback:http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/us_aig_asset_saleCircuit City completes sale of Canadian assets (AP)
seen at 2009-07-02 18:51:38 - Yahoo!NewsAP - Electronics retailer Circuit City, which closed all its U.S. stores, has sold its Canadian stores to telecommunications company Bell Canada.
trackback:http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/us_circuit_city_bell_canadaTeenage Jobs Wasteland
seen at 2009-07-02 19:45:00 - www.forbes.comNot since 1965 has it been so hard for teens to get work.
trackback: http://www.forbes.com/2009/07/02/teen-unemployment-summer-business-economy-labor.html?feed=rss_businessMarketing Wales
seen at 2009-07-02 19:15:00 - www.forbes.comWales has the education and expertise for top-class engineering and research. Now it s looking for the investment capital to grow.
trackback: http://www.forbes.com/2009/07/02/wales-engineering-rhodri-morgan-business-notes-on-the-news.html?feed=rss_businessChina Beckons Oversees Citizens Home
seen at 2009-07-02 10:00:00 - www.forbes.comReturnees are critical to the country s innovation push.
trackback: http://www.forbes.com/2009/07/01/china-economy-innovation-business-oxford-analytica.html?feed=rss_businessCaution Reigns In Asia
seen at 2009-07-02 09:45:00 - www.forbes.comTokyo shares were down on large share placements. Hitachi gained on production plans; Toyota slid on U.S. sales.
trackback: http://www.forbes.com/2009/07/02/briefing-asia-close-markets-equity-jobs-autos.html?feed=rss_businessAsia Awaits U.S. Jobs Data
seen at 2009-07-02 06:38:57 - www.forbes.comTokyo shares traded flat in the morning. Hitachi gained on production plans; Toyota slid on U.S. sales.
trackback: http://www.forbes.com/2009/07/02/briefing-asia-midday-markets-equity-jobs.html?feed=rss_businessU.S. Job Losses Rise in June as Unemployment Reaches 9.5%
seen at 2009-07-02 20:37:30 - www.nytimes.comThe pace of job losses quickened last month with the American economy shedding 467,000 jobs, as unemployment rose to its highest level in 26 years.
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