| What might make the U.S. Fed flinch?
(Reuters) |
Reuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment. |
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| IMF's Lipsky says moderate world recovery underway
(Reuters) |
 Reuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
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| Stocks rally as jobs data spurs optimism
(Reuters) |
 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.
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| Venezuela OKs payment for French retailer Casino
(Reuters) |
Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday. |
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| Taxpayers may face initial loss on GM IPO: sources
(Reuters) |
 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.
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| Report: SEC Investigating canceled trades
(AP) |
AP - The Securities and Exchange Commission is looking into certain types of stock trade orders that could be distorting share prices and trading volume, according to The Wall Street Journal. |
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| Despite hiring, US unemployment rate seems frozen
(AP) |
 AP - Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.
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| Campbell reports Q4 profit rise on better margins
(AP) |
 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.
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| Trichet calls for united EU at the IMF
(AFP) |
 AFP - European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.
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| Petrobras sells 64 bln dlrs of stock to fund oil exploration
(AFP) |
 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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| Debt levels should fall after pre-crisis jump: BIS
(Reuters) |
Reuters - Debt levels that ran up ahead of the financial crisis have shown only a modest decline since and are likely to fall sharply in the coming years, a study said. |
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| Exclusive: American Apparel in talks with restructuring firm
(Reuters) |
Reuters - Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday. |
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