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Friday, January 7, 2011

DAI: Market ends lower on banks, lackluster jobs data

Reuters
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01/7/2011
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LATEST NEWS
Market ends lower on banks, lackluster jobs data
NEW YORK (Reuters) - Stocks fell on Friday after a court ruling in a key foreclosure case prompted investors to pull out of bank stocks, adding to weakness after a lackluster jobs report. | Full Article
Jobs growth disappoints but jobless rate falls
January 07, 2011 04:35 PM ET
WASHINGTON (Reuters) - Employers hired fewer workers than expected in December and a surprisingly large number of people gave up searching for work, tempering the positive news of a big drop in the unemployment rate. | Full Article
Bernanke grows more confident in recovery
January 07, 2011 04:31 PM ET
WASHINGTON (Reuters) - The U.S. economy may finally be hitting its stride even if growth remains too weak to put a real dent in the nation's jobless rate, Federal Reserve Chairman Ben Bernanke said on Friday. | Full Article
Special Report: How Ford became Detroit's last man standing
January 07, 2011 04:25 PM ET
DETROIT (Reuters) - Bill Ford Jr. just can't let the good times roll. | Full Article
Banks lose key foreclosure case in top Mass. court
January 07, 2011 02:50 PM ET
NEW YORK (Reuters) - In a decision that may affect foreclosures nationwide, Massachusetts' highest court voided the seizure of two homes by Wells Fargo & Co and U.S. Bancorp after the banks failed to show they held the mortgages at the time they foreclosed. | Full Article
US TOP NEWS
Package ignites at Washington post office
January 07, 2011 04:31 PM ET
WASHINGTON (Reuters) - An envelope or package ignited at a postal facility in Washington on Friday but no-one was injured, police said, a day after two similar incidents in mailrooms in nearby Maryland. | Full Article
U.S. relocates some people named in WikiLeaks cables
January 07, 2011 04:18 PM ET
WASHINGTON (Reuters) - The United States has warned several hundred people worldwide it believes may be imperiled by WikiLeaks' release of classified U.S. diplomatic cables and has so far helped a handful of them relocate to safer locations, the State Department said on Friday. | Full Article
Supreme Court to decide state drug data mining law
January 07, 2011 03:45 PM ET
WASHINGTON (Reuters) - The Supreme Court said on Friday that it would decide whether a state law restricting commercial access to information about prescription drug records violated constitutional free-speech rights. | Full Article
AIG recap deal near; share sale seen in May
January 07, 2011 04:12 PM ET
NEW YORK (Reuters) - The recapitalization of bailed-out insurer AIG is likely to close next week, a person familiar with the matter said on Friday, as the company's shares touched fresh highs on news the deal was getting closer. | Full Article
Obama reshapes economic team, taps another Clinton vet
January 07, 2011 01:07 PM ET
WASHINGTON (Reuters) - President Barack Obama reshaped his economic team on Friday, picking another veteran of the Clinton administration in a staff shake-up aimed at driving the recovery and winning re-election in 2012. | Full Article
HEALTH NEWS
U.S. lowers limits for fluoride in water
U.S. warns stores for selling cigarettes to minors
Preview: Investors to weigh healthcare picks at annual confab
Broken hip tied to increased risk of stroke
Circumcision helps stop wart virus, study finds
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