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Thu, 2 Jul 2009 23:39:00 GMT

Managing Forward: The Reset Economy

In 2007, the mall industry gathered in Las Vegas for its annual confab. More than 50,000 attendees mingled and frolicked at catered events and parties, including a poolside bash at the $1.6 billion Bellagio hotel and casino thrown by General Growth
Thu, 2 Jul 2009 23:39:00 GMT

European markets tumble on US jobs report

European stock markets suffered sharp sell-offs overnight on news of greater-than-expected job losses in the United States that dampened prospects for a smooth recovery in the world's largest economy. The London FTSE 100 index fell 2.45 per cent to close
Thu, 2 Jul 2009 23:39:00 GMT

Dow Jones High/Low - July 2

Keywords: MARKETS STOCKS INDEXES COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior
Thu, 2 Jul 2009 23:11:00 GMT

Dow Jones Open/Close - July 2

Wall St Week Ahead: Earnings to set tone for stocks

By Leah Schnurr NEW YORK (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.
Thu, 2 Jul 2009 22:59:00 GMT

Stock markets slide in US and Europe

Shares are savaged and optimism over a revival fades after increases in unemployment on both sides of the Atlantic Gary Duncan, Economics Editor Stock markets fell sharply on both sides of the Atlantic yesterday as soaring unemployment in Europe and
Thu, 2 Jul 2009 22:43:00 GMT

Bleak payrolls report mauls Wall St; volume thin

NEW YORK (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. News that U.S. employers shed
Thu, 2 Jul 2009 22:26:00 GMT

Stock markets slide as jobless increase

Rogue trades cost oil broker $10m

Oil is the world's most heavily traded commodity A rogue trader at a London oil broker caused his employer to lose $10m (6m) after making unauthorised trades. PVM Oil Futures said it was a 'victim of unauthorised trading on Tuesday June 30' and said it
Thu, 2 Jul 2009 22:15:00 GMT

Bleak payrolls report mauls Wall St; volume thin

By Ellis Mnyandu NEW YORK (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. News that U.S.
Thu, 2 Jul 2009 22:15:00 GMT

FTSE 100 loses recent gains as green shoots wither

The FTSE 100 tumbled by 2.5pc. giving up all the gains it made earlier this week, amid concerns the green shoots of recovery were dying out. Publication of America's June Non-Farm Payrolls Report, which showed a worse-than-expected loss of 467,000 jobs,
Thu, 2 Jul 2009 22:08:00 GMT

EXCLUSIVE-Peru finance minister sees 3 pct growth

SANTIAGO, July 2 (Reuters) - Peru's economy is expected to grow by 3.0 percent this year, below previous forecasts for expansion of 3.5 percent, Finance Minister Luis Carranza said on Thursday. He also said he expected the economy to show its slowest
Thu, 2 Jul 2009 21:50:00 GMT

Health Care Stocks: In For a Long Year?

Health care stocks are among the riskiest games investors can play these days. The reason, of course, is the health care reform effort, spearheaded by President Barack Obama and winding its way through Congress. What makes this confusing is that reform
Thu, 2 Jul 2009 21:43:00 GMT

Why IKEA Is Fed Up With Russia

MOSCOW - The Web site for the Mega-Samara mall sports a banner that screams 'OPENING Soon!' The problem is, no one can say just how 'Soon!' the public will be able to enjoy the 1.4 million-square-foot mall's skating rink, restaurants, and 200 shops. The
Thu, 2 Jul 2009 21:31:00 GMT

Wall St sinks on bleak June payrolls report

Stocks: Is "Buy and Hold" Still Best?

PNC, in its July 2009 Investment Outlook, asks whether the ?buy and hold? investing philosophy no longer works. PNC?s investment strategist, E. William Stone, does a good job of clarifying the key issue. He notes the last decade has been terrible
Thu, 2 Jul 2009 21:09:00 GMT

Jobless data sends stocks reeling; Dow loses 223

NEW YORK -- A dour report on job losses in June sent stocks sharply lower Thursday. Major stock indexes fell more than 2.6 percent after the government said the U.S. unemployment rate hit a 26-year high. The Dow Jones industrials closed at their lowest
Thu, 2 Jul 2009 20:55:00 GMT

Oil falls nearly 4 percent on weak U.S. economy

NEW YORK (Reuters) - Swelling motor fuel stocks and a far-bigger-than-expected rise in U.S. unemployment drove oil down nearly four percent on Thursday to below $67 a barrel. In the latest signal the economy of the world's biggest energy consumer was
Thu, 2 Jul 2009 20:49:00 GMT

Weak jobs data sinks Wall Street

NEW YORK (Reuters) - Stocks tumbled on Thursday after a larger-than-expected slide in June non-farm payrolls signaled that hopes for a quick economic recovery may prove premature. Due to a glitch in the New York Stock Exchange's system, trading was
Thu, 2 Jul 2009 20:37:00 GMT

Foreign central banks' US Treasury holdings up-Fed

NEW YORK, July 2 (Reuters) - Foreign central banks' holdings of U.S. debt at the Federal Reserve rose overall in the latest week although agency holdings fell, data from the U.S. central bank showed on Thursday. The combined holdings of Treasuries and
Thu, 2 Jul 2009 20:37:00 GMT

SEC lawyer raised Madoff alarm: report

WASHINGTON (Reuters) - A U.S. Securities and Exchange Commission lawyer warned about irregularities at Bernard Madoff's financial management firm as far back as 2004, The Washington Post reported on Thursday, citing agency documents and sources familiar
Thu, 2 Jul 2009 19:28:00 GMT

Hedge star sees deals in bombed-out stocks

LONDON (Reuters) - Many stocks in heavily discounted sectors such as banks and industrials still look cheap, says hedge fund manager Philippe Jabre, although he has trimmed his large weighting in equities after the recent rally. The former GLG (GLG.N)
Thu, 2 Jul 2009 19:27:00 GMT

EPA Rates 2010 Subaru Outback at 29 MPG on Highway

Subaru is talking up the EPA?s gas mileage estimates for the 2010 Subaru Outback, and with good reason. The 2010 Outback manages an impressive 29 mpg on the highway, 22 mpg in the city and 24 mpg combined, all with all-wheel drive standard. That puts
Thu, 2 Jul 2009 19:13:00 GMT

PREVIEW-Economy to hurt Mexico's Calderon in mid-term vote

* Defeat may hold back key oil and tax reforms * Election also could effect sovereign debt rating * Pollster: 'The only real issue is the economy' MEXICO CITY, July 2 (Reuters) - Mexican President Felipe Calderon's party faces a defeat in congressional
Thu, 2 Jul 2009 19:07:00 GMT

Sweden cuts rates to record low as European crunch deepens

Sweden's Riksbank has cut interest rates a quarter point to 0.25pc and signalled emergency stimulus until late-2010, fearing that the downturn will prove deeper than previously expected. The move caught markets by surprise and suggests that global
Thu, 2 Jul 2009 19:06:00 GMT

Obama says will take months to turn around economy

WASHINGTON (Reuters) - U.S. President Barack Obama said on Thursday there were signs that the 'economic storm' that has made millions jobless was waning, but warned that it would still take the United States many months to recover. 'It took years for us
Thu, 2 Jul 2009 19:00:00 GMT

Grim jobs data hammers Wall Street

By Rachel Chang NEW YORK (Reuters) - Stocks slid on Thursday after payrolls data showed much worse-than-expected job losses for June, a sign that hopes for a quick economy recovery may be premature. U.S. employers cut 467,000 jobs in June, far more than
Thu, 2 Jul 2009 18:56:00 GMT

Analysis: markets are left gulping for air

The latest US jobs report is a sobering reminder of the recession, writes Martin Hutchinson. Published: 5:54PM BST 02 Jul 2009 So much for green shoots. The 467,000 decline in US non-farm payroll employment in June was greater than in any month of the
Thu, 2 Jul 2009 18:42:00 GMT

ECB holds rates, to start buying bonds next week

LUXEMBOURG (Reuters) - The European Central Bank kept euro zone interest rates at 1.0 percent on Thursday, bolstering expectations they will stay there well into next year, and said it would start buying bonds next week. ECB President Jean-Claude Trichet
Thu, 2 Jul 2009 18:39:00 GMT

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