LATEST NEWS
 



 Whats going on (Yahoo News)
BUSINESS CHANGE NEWS
Wall Street marks best month in a year in July (Reuters)

A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
Jobs data, earnings latest test for stocks (Reuters)
Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.
Cuomo widens insurer probe with 6 more subpoenas (Reuters)

New York Attorney General Andrew Cuomo attends a news conference in New York in this June 30, 2010 file photo. REUTERS/Mike SegarReuters - New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military.
Imports slow Q2 growth as business spending surges (Reuters)
Reuters - U.S. economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and the pace of consumer spending eased, raising concerns about the recovery in the rest of 2010.
Goldman employees still enamored with firm and CEO (Reuters)
Reuters - Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees.
Citigroup paying $75M to settle civil charges (AP)

A man pictured at a branch of Citibank at the US banking giant Citigroup's world headquarters on Park Avenue, New York, in 2008. Citigroup on Friday said it made a 2.7 billion dollar profit in the second quarter of this year, down nearly 40 percent from the same period last year.(AFP/File/Emmanuel Dunand)AP - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.
Dollar sinks to 8-month low vs yen as growth slows (AP)
AP - Weakening U.S. economic growth and worried comments from Federal Reserve officials drove the dollar to an 8-month low Friday against the Japanese yen.
Merck's 2Q net drops on higher costs, charges (AP)

FILE - In this file photo made April 15, 2009, the Merck logo is seen in the lobby of Merck & Company, Inc.'s world headquarters in Whitehouse Station, N.J. Drugmaker Merck & Co. on Friday, July 30, 2010, reported a 52 percent drop in second-quarter net income, due to big merger and restructuring charges and lower income from partnerships. (AP Photo/Mel Evans, File)AP - Drugmaker Merck & Co. on Friday reported a 52 percent drop in second-quarter net income, weighed down by big restructuring charges from buying Schering-Plough Corp., generic competition and other factors.

STOCKS NEWS
Wealthy Dallas brothers become SEC fraud target (AP)

FILE ** In this file photo of Sept. 2, 2008 Sam Wyly poses at his Explore book store in Aspen, Colo. Famed Dallas billionaire investors Sam and Charles Wyly made $550 million in undisclosed profits through 13 years of insider trading in the shares of companies on whose boards they served, according to a Securities and Exchange Commission lawsuit filed Thursday July 29, 2010 .(AP Photo/Ed Kosmicki,File)AP - Brothers Charles and Sam Wyly, born a year apart during the Great Depression, almost always have been joined at the hip.
Stocks are mixed but had best month since July '09 (AP)
AP - WHAT A MONTH: The Dow Jones industrial average and Standard & Poor's had their best month since July 2009 and their first winning month since this past April. Strong earnings were behind the big gains.
Stocks end July with big gain; Dow gains 7.1 pct (AP)

FILE - In this July 28, 2010 file photo specialist Donald Civitanova, left, and trader Maier Tarlow work on the floor of the New York Stock Exchange. Stock futures dropped Friday, July 30, as investors cautiously awaited the government's first reading on gross domestic product. (AP Photo/Richard Drew, filw)AP - Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.
Jobs data, earnings latest test for stocks (Reuters)
Reuters - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery.
How the major stock indexes fared on Friday (AP)
AP - Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish.
Wall Street marks best month in a year in July (Reuters)

A trader works on the floor of the New York Stock Exchange July 28, 2010. REUTERS/Brendan McDermidReuters - U.S. stocks closed little changed on Friday, but Wall Street wrapped up its best month in a year after the earnings season rounded the final turn with a group of strong results that offset the impact of poor economic data.
FTSE ends lower on US growth data (AFP)

Leading shares in London slipped lower on Friday after weaker-than-expected US growth figures stirred concern about the strength of the economic recovery, dealers said.(AFP/File/Shaun Curry)AFP - Leading shares in London slipped lower on Friday after weaker-than-expected US growth figures stirred concern about the strength of the economic recovery, dealers said.
Mutual Fund Buzz for July 30: Investors Still Favor Bond Funds (U.S. News & World Report)
U.S. News & World Report - Investors still trust the safety of bond funds. June was another good month for fixed income. The Investment Company Institute reported that overall, mutual funds saw net inflows, mostly into bond funds. Bond funds experienced inflows of more than $20 billion--up about $6 billion from May. Meanwhile, stock funds saw more outflows. The WSJ reports that investors haven't consistently put money into stock funds since the market hit its low in March 2009. Low-yielding money market funds also continued to see outflows, which brings their total outflows for the year to more than $500 billion.

BONDS NEWS
The Largest Corporate Bonds This Year (at SmartMoney)
Treasury bond market at a glance (AP)
TREASURIES-Bonds up as Q2 GDP fuels talk of accommodation (at Reuters)
* Q2 GDP offers outlook for slow growth, low inflation * Talk Fed could become more accommodative * Month-end index buying also fueling gains
Bombardier to build Learjet 85 in Kansas, add jobs (AP)
Bombardier Aerospace will build its new midsize Learjet 85 in Wichita, investing $600 million to expand its facilities and adding hundreds jobs in exchange for millions in bond financing from the state.
Bond Report: U.S. 2-year yields back to record lows after data (at MarketWatch)
Treasury prices rose on Friday, pushing 2-year yields to the lowest on record, after a report said the U.S. economy grew at a slower pace than analysts expected, heightening concerns that the economy may struggle to recover.
Making Sense Of The Muni Bond Market (at Forbes)
Despite what you hear, savvy investors can still earn stable after-tax income.
High-Grade Corporate Bond Indices Update (at Seeking Alpha)
Bond Report: U.S. 2-year yields back to record lows after GDP (at MarketWatch)
Treasury prices added to gains, pushing 2-year yields back to the lowest on record, after a report said the U.S. economy grew at a 2.4% pace in the second quarter, a little slower than many analysts expected and heightening concerns that the economy may struggle to recover.

COMMODITIES NEWS
Jamaica sells 3 sugar plants to China s Complant (at Reuters)
China National Complete Plant Import & Export Co Ltd signed a US$9 million agreement on Friday to buy three Jamaican government-owned sugar factories.
Pops & Drops: Arch Coal, Teradyne... (at CNBC)
Following are the week s biggest movers. Find out why shares of Arch Coal and Teradyne popped while Netflix and Eastman Kodak dropped.
For Solar, A Ray Of Sunshine (Investor s Business Daily)
The solar electrical power industry may be ready for its moment in the sun. It s still true that solar sources generate less than 1% of total U.S. electricity vs. the 70% generated from industrial-age fuels such as coal, petroleum and natural gas.
Gold Prices Keep Up Friday Momentum (TheStreet.com)
Gold prices have retreated from an earlier gain Friday morning.
Wheat prices end July with huge monthly gain (AP)
Wheat prices surged in July by the biggest amount in more than a half century as severe drought conditions in Russia and other former Soviet republics destroyed grain crops.
Spot Gold Prices Climb (at TheStreet.com)
Spot gold prices have been popping after a weak U.S. GDP report.
Today in Commodities: Goodbye July (at Seeking Alpha)
Futures Movers: Oil shakes weakness to close near $79 a barrel (at MarketWatch)
Crude oil prices reverse higher and notch their best month since March.

 

 

 

 


 

 
 

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