World News Center
Stocks rally as jobs data spurs optimism (Reuters)
September 4, 2010
Reuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
Taxpayers likely to face initial loss on GM IPO: sources (Reuters)
September 4, 2010
Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
China tells state companies to explore Potash bid (Reuters)
September 4, 2010
Reuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Japan Noda warns on yen, suggests joint steps difficult (Reuters)
September 4, 2010Reuters - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option.
Payrolls data offer ray of hope for recovery (Reuters)
September 4, 2010
Reuters - U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
European stocks drop before ECB rate call (AFP)
September 4, 2010
AFP - European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.
Service sector grows at slower pace in August (AP)
September 4, 2010
AP - The U.S. service sector, the nation's predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.
Campbell reports Q4 profit rise on better margins (AP)
September 4, 2010
AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.
Experts see trouble ahead for developed world (AP)
September 4, 2010
AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.
Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)
September 4, 2010
AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.
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