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Wall Street boosted by jobs and trade data (Reuters)
Thu, 09 Sep 2010 13:42:21 GMT

Traders work on the floor of the New York Stock Exchange, September 7, 2010.REUTERS/Brendan McDermidReuters - Stocks rose at the open on Thursday after better-than-expected jobless benefits figures and data that showed the trade deficit narrowed more than forecast painted a rosier picture for economic growth.



Jobless claims add hope to labor outlook (Reuters)
Thu, 09 Sep 2010 13:20:20 GMT

People wait in line to enter the City University of New York (CUNY) Big Apple job fair in New York, April 23, 2010. REUTERS/Shannon StapletonReuters - New claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.



McDonald's August sales beat year-ago (Reuters)
Thu, 09 Sep 2010 12:34:58 GMT

McDonald's product is pictured in a restaurant in Washington, July 23, 2010. REUTERS/Molly RileyReuters - McDonald's Corp reported higher global sales at restaurants open at least 13 months in August, helped by sales of smoothies, frappes and other cold drinks in the United States.



UK watchdog fines Goldman Sachs $27 million (Reuters)
Thu, 09 Sep 2010 09:44:26 GMT

Traders work in the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2010. REUTERS/Brendan McDermidReuters - Britain's financial watchdog slapped a 17.5 million pounds ($27 million) fine on Goldman Sachs on Thursday for inadequate disclosure of a U.S. probe into the Wall Street powerhouse.



Economists cut U.S. growth forecast again (Reuters)
Thu, 09 Sep 2010 04:17:07 GMT
Reuters - Projected U.S. economic growth for the rest of this year and next was revised down for a third month in a row by a panel of about 50 economists.
Wall Street up as fears for European economy ease (AFP)
Wed, 08 Sep 2010 14:24:11 GMT

A steet sign stands on Wall Street near the New York Stock Exchange in New York, in January 2009. US stocks were slightly up after news of a successful Portuguese debt auction eased the previous day's concerns about the European economy.(AFP/File/Emmanuel Dunand)AFP - US stocks were slightly up on Wednesday after news of a successful Portuguese debt auction eased the previous day's concerns about the European economy.



US loses ground in competitiveness report (AP)
Thu, 09 Sep 2010 11:28:27 GMT
AP - The U.S. has slipped down the ranks of competitive economies, falling behind Sweden and Singapore due to huge deficits and pessimism about government, a global economic group said Thursday.
Spartech posts fiscal 3Q loss, misses expectations (AP)
Wed, 08 Sep 2010 23:24:40 GMT
AP - Plastic sheet and packaging maker Spartech Corp. reported a net loss for its fiscal third quarter on Wednesday and said that despite higher revenue, the overall market recover is slower than expected.
Struggling Spain OKs labor market reforms (AP)
Thu, 09 Sep 2010 13:57:15 GMT

FILE - In this Sept. 7, 2010 file photo, Spain's Prime Minister Jose Luis Rodriguez Zapatero attends a news conference at the Moncloa Palace in Madrid. Spain gave final approval Thursday, Sept. 9, 2010, to labor market reforms designed to shake up a listless economy and help slash a bloated deficit that has prompted European-wide worries of another Greek-style debt crisis. (AP Photo/Daniel Ochoa de Olza, File)AP - Spain gave final approval Thursday to labor market reforms designed to shake up a listless economy and help slash a bloated deficit that has prompted European-wide worries of another Greek-style debt crisis.



FDIC's Bair warns of government "exposure" in mortgages (Reuters)
Thu, 09 Sep 2010 03:53:37 GMT
Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.
Bank of Korea keeps interest rate near record low (AP)
Thu, 09 Sep 2010 07:51:34 GMT

Kim Choong-soo, governor of the Bank of Korea, bangs the gavel to preside over a meeting to decide a benchmark call rate at its headquarters in Seoul, South Korea, Thursday, Sept. 9, 2010.  South Korea's central bank left its key interest rate near a record low Thursday for a second straight month amid a weakening outlook for the global economy.(AP Photo/Ahn Young-joon)AP - South Korea's central bank left its key interest rate near a record low Thursday for a second straight month as the risk of slowing global growth outweighed a buoyant outlook for the local economy.



Toys R Us to double U.S. store print for holiday season (Reuters)
Thu, 09 Sep 2010 11:50:09 GMT
Reuters - U.S. retailer Toys R Us, which has filed for an initial public offering, said it plans to open about 600 temporary stores in malls and shopping centers nationwide, doubling the number of store locations for the holiday season.
Detroit gets rare assist from suburbs for fires (AP)
Thu, 09 Sep 2010 07:21:26 GMT

A burned home is seen through a remaining entryway of another home on Detroit's east side, Wednesday, Sept. 8, 2010. Wind-whipped flames swept through at least three Detroit neighborhoods, destroying dozens of homes, including many that were vacant, officials said. (AP Photo/Carlos Osorio)AP - As exhausted Detroit firefighters battled wind-fed blazes burning wild in some neighborhoods and threatening to char much of the city, a half-dozen departments from surrounding communities brought in sorely needed — and gladly accepted — help.



Questions, worries, arguments preceded Gulf blast (AP)
Thu, 09 Sep 2010 13:57:15 GMT

FILE - This April 21, 2010, file photo show the Deepwater Horizon oil rig burning after an explosion in the Gulf of Mexico, off the southeast tip of Louisiana. The cause of the April 20 explosion that killed 11 people and caused the worst offshore oil spill in U.S. history remains a mystery. But as more information trickles out, the image of a high-stages, high seas venture collapsing in disarray is sharpening.   (AP Photo/Gerald Herbert, File)AP - Something was wrong.



Obama firm against tax cuts for rich (Reuters)
Thu, 09 Sep 2010 11:50:58 GMT
Reuters - President Barack Obama stood firm on Thursday in opposition to a Republican push to extend Bush-era tax cuts for the rich but stopped short of threatening to veto such a measure if passed by Congress.
India car sales hit all-time high in August (AP)
Thu, 09 Sep 2010 07:53:48 GMT
AP - Car sales in India surged to a record for a second straight month in August on strong demand before the holiday season, despite rising prices and supply constraints.
Web Impostors May Face Prison in California (BusinessWeek)
Thu, 09 Sep 2010 12:08:41 GMT
BusinessWeek - California Web impostors beware: You may soon be breaking the law, even if you aren't one of the perpetrators targeted by the state's "e-personation" bill.