Retail, tech lead Wall Street rally before jobs data

Retail, tech lead Wall Street rally before jobs data (Reuters)
Posted: 07 Jul 2011 01:31 PM PDT
The Dow Jones industrial average was up 56.15 points, or 0.45 percent, at 12,626.02. REUTERS/GraphicReuters - Stocks closed sharply higher and the Nasdaq notched an eighth day of gains on Thursday as improved labor market and retail sales data added to optimism a day before the critical June payrolls report.


Posted: 07 Jul 2011 06:35 PM PDT
Rebekah Brooks, chief executive of News International and Rupert Murdoch, News Corp chief executive at The Cheltenham Festival horse racing meet in Gloucestershire, March 18, 2010. REUTERS/Eddie KeoghReuters - Rupert Murdoch will shut down Britain's biggest selling Sunday newspaper, the News of the World, in a startling response to a scandal engulfing his media empire.


Posted: 07 Jul 2011 01:55 PM PDT
A Caterpillar tractor lifts a piece of construction equipment in Somerville, Massachusetts January 27, 2010. REUTERS/Brian SnyderReuters - One of the U.S. high-grade market's favorites, Caterpillar Financial Services, is becoming quite the regular issuer in the offshore yuan-denominated market, also called the dim sum or CNH bond market.



Posted: 07 Jul 2011 02:11 PM PDT
Reuters - JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it will likely get there in an odd way -- by shrinking less than its rival.

Posted: 07 Jul 2011 04:26 PM PDT
Reuters - The board of Simon Property Group Inc , the largest owner of U.S. malls and outlet centers, has agreed to a plan that will give CEO and Chairman David Simon 1 million shares for him to remain with the company for at least another eight years, according to a regulatory filing.

Posted: 07 Jul 2011 08:32 AM PDT
Reto Francioni, CEO of German stock market operator, Deutsche Boerse, arrives for a press conference in Frankfurt in February on the proposed merger with NYSE Euronext.(AFP/File/Daniel Roland)AFP - NYSE Euronext shareholders approved Thursday a merger with Deutsche Boerse to form the biggest stock exchange operator in the world valued at some $25 billion.


Posted: 07 Jul 2011 09:03 AM PDT
Reuters - Pimco chief Mohamed El-Erian on Thursday put low odds on a third round of U.S. monetary stimulus unless there is a "major further deterioration" in the U.S. economic outlook.

Posted: 07 Jul 2011 01:37 PM PDT
AP - Alcoa Inc. starts the quarterly earnings season when it reports second-quarter results Monday after the markets close.

Posted: 07 Jul 2011 02:36 PM PDT
Reuters - Bank of America will take another $13 billion in charges related to pending settlement with private label mortgage-backed securities investors, Sanford C Bernstein said.

Posted: 07 Jul 2011 03:56 PM PDT
Reuters - A French court will decide on Friday whether to launch a legal inquiry into the role of IMF chief Christine Lagarde in a 2008 arbitration payout, a move that could cloud her debut at the international lender.

Posted: 07 Jul 2011 04:54 PM PDT
AP - For selected retail chains, here's how June revenue at stores open at least a year compared with the same month last year.

Posted: 07 Jul 2011 03:48 PM PDT
AP - The Obama administration is making it easier for out-of-work homeowners to stay in their homes, as it tries to revamp its troubled foreclosure-prevention program.

Posted: 07 Jul 2011 04:40 PM PDT
Reuters - If allowed to proceed, TransCanada Corp's $7 billion Keystone XL pipeline could bring an end to the crude oil bottleneck in the U.S. Midwest that is now depressing North American oil prices, TransCanada Chief Executive Russ Girling said on Thursday.

Posted: 07 Jul 2011 03:53 PM PDT
President Barack Obama, with House Speaker John Boehner of Ohio, take part in a meeting with Congressional leadership in the Cabinet Room of the White House in Washington, Thursday, July 7, 2011, to discuss the debt. (AP Photo/Pablo Martinez Monsivais)AP - Once considered untouchable, Social Security is now in play in the debt-ceiling negotiations. And that could mean higher income taxes for many U.S. families in addition to shaved benefits for tens of millions of retirees as they age.

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