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US Stocks Fall

Posted June 3rd, 2011 at 11:05 am (UTC-5)
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U.S. stock market indexes fell in Friday’s morning trading after some disappointing reports on the U.S. labor market. The Dow Jones Industrial Average, the S&P 500 and the NASDAQ all dropped half a percent. European stock markets were mixed in afternoon trading. London’s Financial Times 100 index gained one-tenth of a percent, the CAC-40 in […]

Tags: , , , Posted in Economy

Report: US Economy Gains Just 54,000 New Jobs

Posted June 3rd, 2011 at 10:25 am (UTC-5)
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The U.S. economy had a net gain of just 54,000 jobs in May, the smallest increase since last September. Friday’s report from the Labor Department shows the unemployment rate rose one-tenth of a percent to hit 9.1 percent. The figures surprised many economists who were expecting a slightly lower jobless rate, and a bigger gain […]

Tags: , , , Posted in Economy

Report: US Economy Gains Just 54,000 New Jobs

Posted June 3rd, 2011 at 10:05 am (UTC-5)
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The U.S. economy had a net gain of just 54,000 jobs in May, the smallest increase since last September. Friday’s report from the Labor Department also shows the unemployment rate rose one-tenth of a percent to hit 9.1 percent. The figures surprised many economists who were expecting a slightly lower jobless rate, and a bigger […]

Tags: , , , Posted in Economy

US Unemployment Rate Rises Slightly

Posted June 3rd, 2011 at 8:50 am (UTC-5)
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The U.S. economy had a net gain of just 54,000 jobs in May, while the unemployment rate rose slightly. Friday’s report from the Labor Department shows the jobless rate rose one-tenth of a percent to hit 9.1 percent. Economists say at least 200,000 jobs need to be created each month to bring the jobless rate […]

Tags: , , , Posted in Americas, Economy, US

Protesters Take Over Greek Finance Ministry

Posted June 3rd, 2011 at 5:20 am (UTC-5)
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Protesters in Athens have blockaded the Greek Finance Ministry, the scene of the government’s negotiations with international lenders on its latest financial rescue. About 200 protesters from the communist-affiliated PAME union blocked the entrance to the ministry at dawn Friday. They hung a five-story-tall banner calling for a general strike to protest the government’s newest […]

Tags: , Posted in Economy, Europe

US to Sell Remaining Shares in Chrysler

Posted June 3rd, 2011 at 2:45 am (UTC-5)
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Italian automaker Fiat has reached an agreement to buy the U.S. government’s remaining stake in Chrysler for an estimated $560 million. The U.S. Treasury Department said Thursday Fiat will pay $500 million to buy the Treasury’s six percent interest in Chrysler. The department is also getting $60 million of the $75 million Fiat is paying […]

Tags: , , Posted in Americas, Economy, US

US Stocks Close Mixed

Posted June 2nd, 2011 at 4:35 pm (UTC-5)
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U.S. stocks were mixed at closing Thursday. The Dow Jones Industrial Average fell three-tenths of one percent to close at 12,249. The S&P 500 was down one-tenth of one percent to finish at 1,313. The Nasdaq composite index rose two-tenths of a percent to end at 2,773. European stock markets were lower at the close […]

Tags: , , , Posted in Economy

Moody’s Warns Washington On Debt Impasse

Posted June 2nd, 2011 at 2:20 pm (UTC-5)
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A global rating agency says it may consider downgrading the credit rating for the United States if bickering politicians cannot reach an agreement to raise the debt limit. Moody’s Investor Services says the political wrangling over debts and spending has “exceeded expectations.” Current law limits U.S. government debt to about $14.3 trillion, but that limit […]

Tags: , , , Posted in Americas, Economy, US

US Stocks Fall

Posted June 2nd, 2011 at 1:10 pm (UTC-5)
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U.S. stock market indexes declined in Thursday’s midday trading. The Dow Jones Industrial Average lost four-tenths of a percent, the S&P 500 moved down three-tenths, while the NASDAQ slid one-tenth of a percent. European stock markets were lower at the close of trading. London’s Financial Times 100 index lost 1.4 percent to end at 5,848. […]

Tags: , , , Posted in Economy

Investigators Demand Information From Major US Bank

Posted June 2nd, 2011 at 11:25 am (UTC-5)
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Investigators are demanding information from one of the largest U.S. banks, seeking details on the firm’s activities leading into the financial crisis. New York prosecutors have sent a subpoena to Goldman Sachs, which says it will “fully cooperate” with officials. The subpoena is a formal legal demand for information, and not an accusation of wrongdoing. […]

Tags: , , Posted in Americas, Economy, US

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