Jobs halt Wall Street rally, investors eye earnings

< Jobs halt Wall Street rally, investors eye earnings (Reuters)

Posted: 08 Jul 2011 01:30 PM PDT

Reuters - Stocks fell on Friday as a weak jobs report dashed optimism that the economy was emerging from a soft patch, leaving investors to hope earnings season would revive an appetite for buying.

As ex-aide arrested, Cameron vows media reform (Reuters)

Posted: 08 Jul 2011 05:52 PM PDT

Reuters - Police arrested David Cameron's former spokesman on Friday over the scandal that has shut down Rupert Murdoch's News of the World, forcing the prime minister to defend his judgment while promising new controls on the British press.

Jobs growth stalls, setting back recovery hopes (Reuters)

Posted: 08 Jul 2011 12:16 PM PDT

Reuters - U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.

Poll: Dealers expect unemployment to ease through '12 (Reuters)

Posted: 08 Jul 2011 04:08 PM PDT

Reuters - Economists at top financial institutions expect the U.S. unemployment rate to fall in 2011 and 2012 despite a surprisingly weak jobs report on Friday, a Reuters poll found on Friday.

LivingSocial picks BofA, JPMorgan, Deutsche for IPO (Reuters)

Posted: 08 Jul 2011 02:03 PM PDT

Reuters - LivingSocial has picked Bank of America Merrill Lynch, JPMorgan and Deutsche Bank to lead-underwrite an IPO that could value the daily deals site at $10 billion to $15 billion, two sources with knowledge of the matter said.

How to Value the Stock Market (U.S. News & World Report)

Posted: 08 Jul 2011 06:59 AM PDT

U.S. News & World Report - In a headline-driven environment, it's easy to get confused about which way the market is moving. Let's put aside the calamities of the day and focus on the fundamentals of "the market," as defined by the Standard and Poor's 500 Index (S&P 500). The S&P 500, which includes the 500 largest companies in the U.S., represents more than 80 percent of the U.S. stock market and is widely regarded as the best single gauge of the U.S. stock market.

Analysis: Can Romney capitalize on weak jobs numbers? (Reuters)

Posted: 08 Jul 2011 01:45 PM PDT

Reuters - Friday's bleak unemployment report boosts Republicans hoping to oust President Barack Obama from the White House next year, but translating a difficult economy into election results will not be easy.

Earnings schedule for week of 7/11/11 (AP)

Posted: 08 Jul 2011 11:55 AM PDT

AP - MONDAY, July 11

IMF releases new funds for Greece bailout (AFP)

Posted: 08 Jul 2011 03:31 PM PDT

AFP - The International Monetary Fund said Friday it was releasing 3.2 billion euros ($4.6 billion) to Greece but warned there was "no margin for slippage" in the country's reform program.

Wells Fargo to pay $125 million in mortgage suit (AP)

Posted: 08 Jul 2011 02:13 PM PDT

AP - Wells Fargo & Co. has agreed to pay $125 million to a group of pension funds and other investors to settle allegations the bank failed to warn investors of the risks the poorly-written mortgage backed securities.

IMF agrees to give Greece $4.2 billion (AP)

Posted: 08 Jul 2011 05:12 PM PDT

AP - The International Monetary Fund approved on Friday just over $4.2 billion for Greece, the latest installment of a rescue package aimed at helping the country pull back from an impending debt default.

China retail giant raises $1.06 bln in Hong Kong IPO (AFP)

Posted: 07 Jul 2011 10:51 PM PDT

AFP - China's leading hypermarket operator Sun Art Retail Group has raised $1.06 billion in a Hong Kong share sale, defying recent volatility in the world's biggest IPO market.

Three banks in Illinois, Colorado close: FDIC (Reuters)

Posted: 08 Jul 2011 05:26 PM PDT

Reuters - U.S. authorities closed three banks on Friday, bringing the total number of foreclosures in 2011 to 51.

Exclusive: South Sudan says can live off credit if north blocks (Reuters)

Posted: 08 Jul 2011 04:29 PM PDT

Reuters - South Sudan can survive on credit, using its oil as collateral, if the north goes ahead with its threat to block pipelines after the south secedes on Saturday or if war between them breaks out again, officials told Reuters.

Reality TV star Hatch files appeals notice in RI (AP)

Posted: 08 Jul 2011 03:13 PM PDT

AP - Reality TV star Richard Hatch has filed notice he'll appeal a federal court decision upholding his nine-month prison sentence for failing to pay taxes on his $1 million "Survivor" winnings.

Lexus to lose top spot in U.S. luxury car market (Reuters)

Posted: 08 Jul 2011 04:56 PM PDT

Reuters - Toyota Motor Corp's (7203.T) brand Lexus will end its streak of 11 years as the top luxury brand in the U.S. market due to lost sales in the aftermath of the Japan earthquake and tsunami, said Mark Templin, Lexus Division general manager.