Business
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Staffing shares steady after jobs report
(Reuters)
Reuters - U.S. staffing and jobs services companies' shares were little changed on Thursday, after a government report showed employers cut jobs for the sixth straight month, but unemployment held steady.
Read Staffing shares steady after jobs report (Reuters) (Links)
Housing market seen getting worse
(Reuters)
Reuters - An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS Securities analysts.
Read Housing market seen getting worse (Reuters) (Links)
Hedge fund swindler Israel jailed
(Reuters)
Reuters - Hedge fund swindler Samuel Israel III faced a fresh charge of bail jumping on Thursday and was ordered to jail immediately, one day after his mother convinced him to end a high-profile run from justice.
Read Hedge fund swindler Israel jailed (Reuters) (Links)
Economy extends job loss streak
(Reuters)
Reuters - U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and vast service sector unexpectedly contracted, underscoring the economy's frailty.
Read Economy extends job loss streak (Reuters) (Links)
Blockbuster may do Circuit deal later: report
(Reuters)
Reuters - Blockbuster Inc , which abandoned its offer to buy Circuit City Stores Inc this week, may try to acquire the electronics retailer later, the New York Post said Thursday citing insiders.
Read Blockbuster may do Circuit deal later: report (Reuters) (Links)
Stocks fall on tech profit worries, oil
(Reuters)
Reuters - Stocks slid to session lows on Wednesday, with the Nasdaq falling more than 1 percent, as shares of major technology companies dropped on profit worries and a rebound in oil prices stirred caution about economic growth.
Read Stocks fall on tech profit worries, oil (Reuters) (Links)
Fugitive ex-hedge fund manager Israel surrenders
(Reuters)
Reuters - Fugitive former hedge fund manager Samuel Israel III surrendered to police in Massachusetts on Wednesday, ending a federal manhunt after he faked his own death to avoid a 20-year prison sentence.
Read Fugitive ex-hedge fund manager Israel surrenders (Reuters) (Links)
U.S. jobs picture grim, housing struggles
(Reuters)
Reuters - U.S. private employers slashed 79,000 jobs in June while planned layoffs at U.S. firms rose nearly 50 percent above year-ago levels, according to data that may spell bad news for a government payrolls report this week.
Read U.S. jobs picture grim, housing struggles (Reuters) (Links)
Circuit City shares fall after Blockbuster pulls bid
(Reuters)
Reuters - Circuit City Stores Inc shares sank as much as 16 percent on Wednesday after Blockbuster Inc abandoned its bid for the electronics retailer, saying a deal was not in the movie rental company's best interest amid current market conditions.
Read Circuit City shares fall after Blockbuster pulls bid (Reuters) (Links)
Merrill says GM bankruptcy "not impossible"
(Reuters)
Reuters - General Motors Corp will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said on Wednesday.
Read Merrill says GM bankruptcy "not impossible" (Reuters) (Links)
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