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May 6, 2011

Financial & Forex Info News | Reuters Daily Investor Update: Stocks End Up Aftyer Solid Payrolls











News
LATEST NEWS
Stocks end up after solid payrolls
NEW YORK (Reuters) - An unexpectedly strong report on payrolls helped stocks bounce back on Friday from four days of losses, tempering worries that stocks could follow the sharp declines seen this week in commodities. | Full Article

Analysis: Good jobs, bad jobs, but not enough of either
May 06, 2011 04:19 PM ET
WASHINGTON (Reuters) - U.S. companies created jobs at the fastest pace in five years in April, pointing to underlying strength in the economy, even as the jobless rate rose to 9.0 percent. | Full Article
PIMCO would only buy Treasuries on recession risk
May 06, 2011 04:03 PM ET
NEW YORK (Reuters) - PIMCO's Bill Gross, who runs the world's largest bond fund, said on Friday the only way he would reverse his "short" position on U.S. government-related bonds and purchase Treasuries again is if the United States heads into another recession. | Full Article
High-frequency aura lifts year after "flash crash"
May 06, 2011 02:38 PM ET
NEW YORK (Reuters) - Regulators are moving to lift a veil of secrecy over a key constituency on Wall Street a year after the "flash crash," but how much disclosure should be required of high-frequency traders remains an open question. | Full Article
CBO says $871 billion deficit so far in FY 2011
May 06, 2011 03:22 PM ET
WASHINGTON (Reuters) - The budget deficit totaled $871 billion for the first seven months of this fiscal year, significantly above the previous year's pace, the Congressional Budget Office said on Friday. | Full Article
US TOP NEWS
Al Qaeda plotted 9/11 anniversary rail attack: U.S.
May 06, 2011 12:45 PM ET
WASHINGTON (Reuters) - Al Qaeda considered attacking the U.S. rail sector on the 10th anniversary of the September 11 attacks, U.S. government officials said on Thursday in describing intelligence from Osama bin Laden's hide-out in Pakistan. | Full Article
Obama pays tribute to unit in bin Laden raid
May 06, 2011 03:57 PM ET
FORT CAMPBELL, Kentucky (Reuters) - President Barack Obama, basking in U.S. public approval for the killing of Osama bin Laden, flew to a military base on Friday to thank special forces involved in the deadly raid deep inside Pakistan. | Full Article
Oil falls, heads for biggest weekly loss on record
May 06, 2011 03:23 PM ET
NEW YORK (Reuters) - Oil fell on Friday, on track for the biggest weekly drop in dollar terms ever, following a torrid 10 percent crash in the previous session. | Full Article
Al Qaeda confirms bin Laden is dead, vows revenge
May 06, 2011 02:29 PM ET
ISLAMABAD (Reuters) - Al Qaeda confirmed on Friday that Osama bin Laden is dead, dispelling doubts by some Muslims that the group's leader had really been killed by U.S. forces, and vowed to mount more attacks on the West. | Full Article
New EU sanctions on Syria as 23 protesters killed
May 06, 2011 03:18 PM ET
AMMAN (Reuters) - Syrian security forces killed 23 protesters on Friday demanding an end to President Bashar al-Assad's rule, rights campaigners said, and the European Union agreed to impose sanctions in response to his crackdown. | Full Article
HEALTH NEWS
Special report: Big Pharma's global guinea pigs
Hepatitis C cases rising among Massachusetts youth
Many investors lost out on healthcare gains
Earlier flu shot better for pregnant women: study
Hot flashes may last a decade or more: study

The Economist Selected New Articles: | Democracy in America | Buttonweood | NewsBook | Babbage | Ngehot | Prospero | Daily Chart | The Economist Asks




Democracy in America tunes in to the first debate of the Republican primary
Buttonwood believes lower oil prices should relieve one source of pressure on the economy
Newsbook looks at what the Arab papers are saying about unrest in Syria
Babbage says download caps on heavy users could speed up the internet
Bagehot thinks David Cameron risks being handcuffed to a political corpse
Prospero treads the thin line between fermentation and rot
Daily chart: Al-Qaeda attacks
The Economist Asks: Is violent jihad an ideological spent force?
Online debate: Do we need a higher inflation target?

CBS NEWS | political Hotsheet: Donald Trup is no American Idol

The CBS News Political Hotsheet newsletter

CBS POLITICAL HOTSHEET TOP STORIES    



   
Dan Farber: A problem for Trump is that "The Apprentice" reality TV show model isn't great for conducting a presidential campaign
Read full story
Donald Trump is no American Idol

WH offers look at night of bin Laden's death In weekly web video, White House reveals behind-the-scenes footage from night of Osama bin Laden's death

Herman Cain says debate helped his 2012 bid Long shot presidential candidate tells CBS News people are now asking, "hmm, who is this Herman Cain guy?"

Analysis finds U.S. tax burden lowest since 1958 Tax burden now sits at 23.6 percent, USA Today reports - down from 28.7 percent in the year 2000

Pressure on Pakistan rises in Congress Threatening suspension of aid, more lawmakers are demanding answers on what Pakistan knew about bin Laden

CBS EVENING NEWS with Kate Couric: Economic recovery back on track

The CBS Evening News with Katie Couric newsletter



EVENING NEWS TOP STORIES
Hi everyone,
This is Harry Smith, filling in for Katie tonight.
America's slow economic recovery is back on track. The Labor Department reported today that 244,000 jobs were created in April -- beating estimates. And more people are now looking for work, which explains why the unemployment rate went up slightly to 9%. Senior Business Correspondent Anthony Mason crunches the numbers.
He's not "spiking the football," but President Obama is meeting today with some of the service members involved in the raid on Osama bin Laden's compound. Chip Reid is traveling with the President in Fort Campbell, Kentucky.
By the way, the U.S. wasn't just watching bin Laden from above with satellites. Turns out the CIA was watching him on the ground -- from a safe house in Abbottabad, Pakistan. And as Elilzabeth Palmer reports, Pakistan's intelligence chief may be forced to quit because of his agency's embarrassing lapses.
Authorities in Tennessee are going door to door, advising people near the swollen Mississippi River to get out ahead of the floodwaters. Mark Strassmann reports on this slow-moving disaster, from Tiptonville, Tennessee.
Finally. today is "Military Spouse Appreciation Day," a worthy recognition if there ever was one. Because when someone serves his or her country overseas, the whole family sacrifices. And as John Blackstone reports, there's a special poignancy to the day, given the events of the past week in Pakistan.
Katie Couric
CouricandCo@cbs.com

LATEST HEADLINES
Movie looks at 9/11 through a child's eyes Teenager who went to kindergarten blocks from ground zero puts his memories on film

Oil prices plunge; Where's relief at the pump? Commodities trading spurs huge drop in oil prices amid massive escalation of gas prices at the pump

New bin Laden intel includes train attack plots Homeland Security warning says terror group was considering targeting U.S. rail track; Other leaked details from raid mention cities and national holidays

NYT: Afternoon Business News: After Bust in Ireland, Ordinary People Make Do With Less.



BUSINESS

After Bust in Ireland, Ordinary People Make Do With Less

By LIZ ALDERMAN
Many people in Ireland who floated up during the good times now see themselves slipping even further behind.
Off the Charts

A Recovery Less Robust Than in the '70s

By FLOYD NORRIS
The stock market is faring better than it did after the early 1970s recession. But by most other measures, the current recovery is far weaker.

A Quieter Day, but Oil Prices Fall Again

By CLIFFORD KRAUSS
Many energy analysts and economists predict that oil and gas prices will remain stubbornly high in the months ahead.

BP Offers Plan to Salvage Deal with Rosneft

By JULIA WERDIGIER
Under the deal, the British oil company would cede a potentially lucrative Arctic exploration deal to its Russian joint-venture partner TNK-BP.
DealBook

Prosecutors Looking at Steven Cohen's Account

By JEFFREY CANE and PETER LATTMAN
The latest disclosure may raise additional questions about the culture and practices at SAC Capital.

MarketWatch | Weekly Roundup: Top Ten Stories May 2 - 6

MarketWatch

Weekly Roundup
MAY 06, 2011

MarketWatch top 10 stories May 2- 6

By MarketWatch



U.S. markets wrapped up one of Wall Street's wildest weeks in a while Friday, marked by reaction to the death of Osama bin Laden and riding out one of the craziest weeks in memory for commodities trading.

Stocks gyrated after mixed readings on the U.S. employment picture, while currency markets were roiled by talk of varying interest rate differentials and the upheaval in commodity prices. See MarketWatch coverage of currency market

The three major U.S. stock indexes all fell, snapping a two-week winning streak. The Dow (DJIA) fell 1.3% in the week while the S&P 500 (SPX) shed 1.7% and the Nasdaq Composite (COMP) lost 1.6%. See MarketWatch's stocks coverage

Silver had its worst week since the Hunt brothers, of Texas oil fame, tried to corner the market with disastrous results, back in 1980.The metal fell 27% in just this week's trading. Read MarketWatch's coverage of silver's collapse

Crude fared only moderately better than that. Oil ended a seesaw session in the red Friday, as late selling killed off a budding recovery in prices, contributing to a nearly 15% loss for the week.See MarketWatch's crude oil coverage

Stay with MarketWatch through the weekend as we keep you up on all the major news. And catch our Week Ahead videos for Asia, Europe and the U.S.

US Week Ahead: Key test for guaging consumer's strength

Europe Week Ahead: HSBC, EasyJet, EADS report earnings

Asia Week Ahead: China data, Toyota earnings on tap

Greg Morcroft, assistant managing editor

US special forces kill Osama bin Laden in Pakistan hideout

Nearly a decade after the Sept. 11, 2001, terrorist attacks on the U.S., President Barack Obama announced late Sunday that Osama bin Laden was killed in a U.S. operation in Pakistan."The United States has conducted an operation that killed Osama bin Laden, the leader of al Qaeda," President Obama said in a televised address to the nation Sunday night. "His demise should be welcomed by all who believe in peace and human dignity," Obama said. Read MarketWatch report on the death of Osama bin Laden

Top hedge funds diverge on precious metals investing

Divergent opinions on gold held by two of the biggest hedge fund managers, George Soros and John Paulson, may be partly driven by the different way the two hedge funds are managed. Soros takes lots more positions and trades more rapidly than Paulson. Soros had more than 800 long U.S. equity positions at the end of 2010, while Paulson, disclosed roughly 100. Gold prices have fallen in recent days and silver has tanked more than 25% , after a ferocious rally in the past year and a half. Read MarketWatch report on differing views on gold among two top hedge funds

U.S. added 244,000 new jobs in April

The U.S. economy gained 244,000 jobs in April, the biggest increase in almost a year, but the nation's unemployment rate rose to 9.0%, according to government data. Economists surveyed by MarketWatch had predicted a net gain of 175,000. Most had expected job gains to slow from March's revised increase of 221,000 because of weaker growth in the first quarter and a slew of data that seemed to suggest a slowdown in hiring. "It's a good report. The payroll numbers are solid," said Stephen Stanley, chief economist at Pierpont Securities. "I think the economy is starting to gain traction." Read MarketWatch coverage of the latest jobs report

Commodities firm Glencore launches IPO, firm worth about $60 billion

Glencore International AG priced its public offering on Wednesday at a level that implies a valuation of around $61 billion for the commodities trader. The company, which plans to list in London and Hong Kong, is targeting its IPO at between 480 pence and 580 pence a share.The run up to the initial public offering by Swiss-based Glencore International AG, the world's largest commodity trader, has offered a wealth of surprises, particularly to those outside the commodity industry. The extent of Switzerland's dominance in the trade of raw materials may be one of them. Read full MarketWatch coverage of Glencore IPO

Ford, GM profit from smaller cars

General Motors Co. and Ford Motor Co. posted double-digit percentage gains in April U.S. sales Tuesday, benefiting from a consumer thirst for fuel-efficient cars as gas prices push higher. The total industry sales rate came to 13.17 million cars and trucks, according to Autodata. That's up from 11.26 million a year ago. Overall, deliveries rose 17.9% from April 2010 but were down 7% from last month. reported a 26% surge in sales from a year earlier, overtaking Ford as the leading car seller in the U.S. and helping to push the company's stock back above its initial public offering price. Read full MarketWatch coverage of Ford and GM earnings

Nine stocks up over 900% since Sept. 11 2001

For many individual investors the worst part of the last decade may in fact be a constant — that is, a stock market that is relatively unmoved from where it was 10 years ago. The S&P 500 index is up a measly 8% in the last decade — many of the biggest blue chips on Wall Street like Wal-Mart and Cisco are essentially flat, and others like Microsoft , General Electric and Bank of America are painfully in the red.But it was not a lost decade for all stocks. Here are nine picks that are up more than 900% since 9/11/01. Read Jeff Reeves' column on the last decade's stock winners

A year later, SEC is still figuring out how to police trading

The activity of high frequency traders and the algorithms they used one year ago today when a ‘flash crash' rattled the markets worldwide should cause the Securities and Exchange Commission to "thoroughly" examine their role, said agency chief Mary Schapiro on Friday. But, one year after a "flash crash" that rattled the markets worldwide the agency still has a long way to go to make sure such a major market plunge doesn't happen again, academics and other analysts said. Read MarketWatch's full coverage of the one anniversary of the "flash crash."

What you don't know can hurt you in investing

Mother was wrong: What you don't know can hurt you.Investors nowadays should realize this all too well, as headline-making events are forcing people to expect the unexpected. Unrest in the Middle East and North Africa and disaster in Japan have added to known worries like faltering economic growth and the specter of rising inflation. And there are still eight months to go in 2011. With that in mind, here's a look at some of the biggest risks around, and what you can do to protect your portfolio from them. Read Jonathan Burton's Life Savings column, on MarketWatch

The U.S. stock market is heading for consolidation in the near term

As walls of worry go, this one has more than a few of cracks. And those cracks are getting more and more worrisome according to some of the nation's top investment officers. Consider: Bob Doll, BlackRock's chief equity strategist, said earlier this week that the list of potential risks — high energy prices, changing inflationary expectations and U.S. fiscal problems — continue to grow and stocks have come quite far quite fast. And that suggests that some sort of near-term consolidation may be coming. Read Robert Powell's column on the coming stock market consolidation

TIPS investing will make you poorer

Would you buy an investment that was absolutely guaranteed to lose money? No ifs, ands or buts: This sucker will make you poorer! How's that sound? You might think this is a crazy question. You're probably thinking, who would choose to own an investment that is guaranteed to lose money? I'm talking about short-term Treasury Inflation-Protected Securities, known as TIPS. These are U.S. government bonds that are increasingly popular with investors. They offer a guaranteed rate of return on top of the official inflation rate. Read Brett Arends Return on Investment column on MarketWatch

MoneyShow.com Daily Trading Alert: Why the Dow could hit 38,,820

MoneyShow.com®
Tips for Traders
Why the Dow Will Hit 38,820, John Nyaradi
 

Options Idea
Will This Pattern Complete on INFY?, Suri Dudella

Charts in Play
Selling Stampede Shakes Markets, Tom Aspray

Currency Corner
Signs Point to Possible EUR/USD Top, Bradley W. Gareiss

Trading Idea of the Day
2 Good Chances to Buy Wheat, Tim Hannagan

Daily Market Studies
Orderly Markets Give Bullish Signs, Daniel Gramza

Today's Featured Videos
Match Your Strategy to the Market, Raghee Horner
3 Tips for Using the MACD, Jackie Ann Patterson

This daily alert is sponsored by FXDD—Trade Forex with FXDD
 

MarketWatch: | Personal Finance Daily: If job growth keeps up, a grim statistic may fall.

MarketWatch
Personal Finance Daily
MAY 06, 2011

Friday's Personal Finance stories

By MarketWatch



Don't miss these top stories:

The economy has added more than 220,000 jobs for each of the past three months. But that good news is tempered by the fact that, according to the Economic Policy Institute, it will take until the fall of 2016 to push the unemployment rate down to where it was before the recession started — and that's only if job growth continues at the current rate. A big if.

If job growth does continue apace, it appears likely that one grim statistic may improve; that is, drop. The record-high rate of workplace suicides seen in 2008 and 2009 won't reoccur in 2011, hopefully. As Ruth Mantell notes in her column today, a new study finds that workplace suicides rise during recessions and fall during economic expansions.

Read her story, plus all of MarketWatch's labor-market coverage today. Plus don't miss Lew Sichelman's Realty Q&A on one homeowner's home-loan modification saga.

Andrea Coombes , Personal Finance editor

REAL ESTATE

The long road to a mortgage modification

Lew Sichelman offers advice to a homeowner waiting months in the dark to find out whether his mortgage can be permanently modified.
Read more: The long road to a mortgage modification.


CAREERS

Workplace suicides at record high in ‘08, ‘09

Workplace suicides in 2009 matched the record-high level they hit in 2008, according to final data released this week by the U.S. Labor Department.
Read more: Workplace suicides at record high in ‘08, ‘09.


ECONOMY & POLITICS

U.S. economy adds 244,000 jobs in April

Payrolls post their biggest increase in almost a year, but the nation's unemployment rate rises to 9.0%, according to government data.
Read more: U.S. economy adds 244,000 jobs in April.


Commentary: Job growth remains insufficient

Following on the heels of last week's lackluster economic growth in the first quarter of 2011, today's employment report from the Department of Labor provides some hopeful signs.
Read more: Job growth remains insufficient.


In charts: payrolls, manufacturing, claims

Private payrolls rose 268,000 in April -- the strongest result in five years -- following gains of 231,000 in March and 261,000 in February, the Labor Department reported Friday. However, employment challenges remain, said Austan Goolsbee, chairman of the Council of Economic Advisers.
See charts: payrolls, manufacturing, claims.


Dudley: Manufacturing jobs rise ‘encouraging'

The increase in manufacturing employment over the past year and some new strength in the services sector are "particularly encouraging" signs for the U.S. economy, New York Fed chief Dudley says.
Read more: Manufacturing jobs rise ‘encouraging.'


Speculators, Fed share blame for higher gas prices

Speculators are running wild in the energy pits as crude oil prices, which account for around two-thirds of the price of gasoline, have soared.
Read more: Speculators, Fed share blame for higher gas prices.


Just say no to $5 gasoline

When it comes to gasoline, U.S. consumers should be gearing up for more bad news in the weeks to come, followed by a big dose of relief that retail prices probably won't top $5 a gallon this year, writes Myra Saefong.
Read more: Just say no to $5 gasoline.


INVESTING

SEC still lacks tools to prevent ‘flash crashes'

One year after a "flash crash" that rattled the markets worldwide the Securities and Exchange Commission still has a long way to go to make sure such a major market plunge doesn't happen again, academics and other analysts said.
Read more: SEC still lacks tools to prevent ‘flash crashes.'


Holding TIPS will make you poorer

Would you buy an investment that was absolutely guaranteed to lose money? No ifs, ands or buts: This sucker will make you poorer! How's that sound?
Read more: Holding TIPS will make you poorer.


Credit will save stock bulls in next ‘flash crash'

A year after the ‘flash crash' of May 2010, the credit market is a raging inferno of growth. That's good news for stocks.
Read more: Credit will save stock bulls in next ‘flash crash.'


With bin Laden death, Middle East stocks may rise

The death of Osama bin Laden, the world's most wanted terrorist, at the hands of U.S. forces has brightened that spotlight, and that is prompting investors to take a closer look at the Middle East and North Africa.
Read more: With bin Laden death, Middle East stocks may rise.


China moves up the value chain

Chinese companies are increasingly emerging as international competitors to Europe in the sectors that have benefited from Chinese growth, writes David Cottle.
Read more: China moves up the value chain.


INTERNATIONAL

Europe's Tea Party political parties on the rise

Europe's hard-right parties share some of the same fears, and policies, as the Tea Party. But they do diverge.
Read more: Europe's Tea Party political parties on the rise.


Commentary: Global policing is needed for development

Because crime and poverty go together, better global policing is needed to promote economic and social development.
Read more: Global policing is needed for development.

Fianncial & Forex Info | Reuters - Deals Today








News
Russian-born billionaire Len Blavatnik's Access Industries has won control of Warner Music Group with an offer of $8.25 a share, according to a source familiar with the matter. The agreement would set the world's third-largest music company's enterprise value at approximately $3.3 billion.

The NYTimes’s Ben Protess shines a light on Len Blavatnik, chairman of Access Industries and the new controlling stakeholder of Warner Music Group. Well-known for his investing prowess, he came to America as a penniless teenager and after building a fortune on oil and metal companies, he's worth roughly $10 billion.

In this analysis by Jennifer Saba, she argues that as Internet giants Google and Facebook slug it out to seal a deal with Web video conferencing service Skype, Facebook looks likely to be the more aggressive suitor, not to mention a better fit.

Investors frustrated in their attempts to buy some of the hundreds of failing U.S. banks are testing a new approach. Rather than wait for an ailing bank to be seized by regulators and sold off to a rival, dealmakers are touting a $6.5 million bankruptcy sale as a way to attract new investors able to infuse banks with life-saving capital.

Ailing carmaker Saab has asked Sweden's debt office to approve a change in ownership so Chinese group Hawtai and U.S. investment fund Gemini can help get production restarted. Saab owner Spyker Cars said this week that the privately-owned Hawtai was eyeing an investment of 150 million euros ($210 million).

In a recent post, Breakingviews’ Robert Cyran sets out why he believes the merger between drugstore chain CVS and pharmacy benefit manager Caremark never made sense, and why the $50 billion company could be worth $13 billion more if it were carved up.

Morning Market Briefing

Morning Market Briefing
Commentary
After trending lower in recent sessions, stocks are likely to move back to the upside in early trading on Friday on the heels of upbeat jobs data. The major index futures are currently pointing to a sharply higher open, with the Dow futures up by 110 points. (May 6, 2011) Full Article
Economic News
The Reserve Bank of Australia (RBA) on Friday signaled that it may tighten the monetary policy "at some point" going forward to keep inflation within target. At the same time, the central bank raised its inflation outlook, while cutting the economic growth forecasts. (May 6, 2011) Full Article
British factory gate prices increased more than expected in April on record high clothing costs. Further, input cost of manufacturers registered its biggest annual rise since September 2008, reflecting high inflationary pressure in the economy. (May 6, 2011) Full Article
German industrial production grew more than expected in March on strong construction sector activity, data released by the Federal Ministry of Economics and Technology showed Friday. (May 6, 2011) Full Articl
Earnings News
Visa Inc. (V) announced Thursday a higher second-quarter profit as a result of double-digit increases in payments volume, cross border volume, and international transactions. The results beat analysts' estimates. The company also affirm
Fluor Corp. (FLR) reported Thursday a rise in first-quarter profit on the back of “substantial” growth across all business segments. Earnings topped the Street view, but revenues missed estimates. The company also reaffirmed its 2011 earnings outlook. (May 6, 2011) Full Article
Priceline.com Inc. (PCLN) Thursday announced a sharp increase in first-quarter profit thanks to a 55.8 percent surge in room nights booked and also international gross bookings increasing 79 percent. Both adjusted earnings and revenues exceeded expectations. The company also forecast second-quarter earnings, with the estimate above consensus. (May 6, 2011) Full Article
Kraft Foods Inc. (KFT) Thursday said first-quarter profit plummeted year-over-year reflecting a gain from divestitures in the prior year. Adjusted earnings and revenues were, however, above analysts' estimates. The company also updated its full-year 2011 financial outlook. (May 6, 2011) Full Article
CF Industries Holdings Inc. (CF) Thursday reported a first-quarter profit as higher product prices and nearly-double sales volumes propelled the 134 percent surge in net sales. (May 6, 2011) Full Article
American International Group Inc. (AIG) reported Thursday a first-quarter loss on hefty catastrophe charges and payments to federal agencies. (May 6, 2011) Full Article
EOG Resources Inc. (EOG) Thursday said first-quarter profit climbed year-over-year due to hikes in liquids volumes and crude oil prices. Both adjusted earnings and revenues beat the market view. (May 6, 2011) Full Article
Alcatel-Lucent (ALU) Friday reported a narrower first-quarter loss benefiting from a 15.2 percent revenues growth and a one-time gain. On an adjusted basis, the company posted a net profit for the quarter. The company also reaffirmed its 2011 operating margin outlook. (May 6, 2011) Full Article

Constellation Energy Group Inc. (CEG) said Friday first-quarter profit declined on lower electric and gas revenues and also one-time charges. Both adjusted earnings and revenues missed estimates. The company also reaffirmed its 2011 earnings guidance. (May 6, 2011) Full Article
Ultra Petroleum Corp. (UPL) reported Friday a sharp decline in first-quarter profit reflecting an unrealized loss on derivatives, compared to a large unrealized gain in the prior year. (May 6, 2011) Full Article
Cameco Corp. (CCJ, CCO.TO) announced Friday a lower first-quarter profit on lower earnings in its electricity, fuel services and uranium business. Both adjusted earnings and revenues missed estimates. (May 6, 2011) Full Article
The Washington Post Co. (WPO) Friday reported that first-quarter profit plummeted from the prior year due to lower revenues and the impact of special items. (May 6, 2011) Full Article
Todays WS Events
American International Group Q1 11 Earnings Conference Call At 8:00 AM ET
American International Group, Inc. (AIG) will host a conference call at 8:00 AM ET on May 6, 2011, to discuss Q1 11 earnings results. To access the live webcast log on to www.aig.com (May 6, 2011)
Constellation Energy Q1 11 Earnings Conference Call At 8:30 AM ET
Constellation Energy (CEG) will host a conference call at 8:30 AM ET, May 6, 2011, to discuss its Q1 11 earnings results. To access the live audio webcast, log on at www.constellation.com To hear the live call, dial 888-455-2894 (US) or 773-681-5899 (International) with passcode "Energy ". A replay of the call can be heard by dialing 800-216-4439 (US) or 402-220-3877 (International) with passcode 3426. (May 6, 2011)
EOG Resources Q1 11 Earnings Conference Call At 9:00 AM ET
EOG Resources, Inc. (EOG) will host a conference call at 9:00 AM ET, May 6, 2011, to discuss its Q1 11 earnings results. To access the live webcast, log on at www.eogresources.com (May 6, 2011
Northeast Utilities Q1 11 Earnings Conference Call At 1:00 PM ET
Northeast Utilities (NU) will host a conference call at 1:00 PM ET, May 6, 2011, to discuss its Q1 11 earnings results. To listen to the live audio webcast, log on at www.nu.com/investors/presentations.asp (May 6, 2011) 
Pepco Holdings Q1 11 Earnings Conference Call At 1:00 PM ET
Pepco Holdings, Inc. (POM) will host a conference call at 10:00 AM ET, May 6, 2011, to discuss its Q1 11 earnings results. To access the live webcast, log on at www.pepcoholdings.com/investors To hear the live call, dial 1-866-314-5232 (US) or 1-617-213-8052 (International) with passcode 68128089. A replay of the call can be heard by dialing 1-888-286-8010 (US) or 1-617-801-6888 (International) with passcode 52596460. (May 6, 2011) 
Public Storage Q1 11 Earnings Conference Call At 1:00 PM ET
Public Storage (PSA) will host a conference call at 1:00 PM ET, May 6, 2011, to discuss its Q1 11 earnings results. To access the live webcast, log on at www.publicstorage.com To hear the live call, dial (866) 406-5408 (US) or (973) 582-2770 (International) with ID 59937113. A replay of the call can be heard by dialing (800) 642-1687 (US) or (706) 645-9291 (International) with ID 59937113. (May 6, 2011) 

The Washington Post: : Breaking News Alert: Economy added 244K jobs in April; unemployment rate rises to 9%



Breaking News Alert: Economy added 244K jobs in April; unemployment rate rises to 9%
May 6, 2011 8:38:29 AM
----------------------------------------

The nation added 244,000 jobs during April, the third straight month of hiring gains, the Labor Department reported Friday. The U.S. unemployment rate ticked up to nine percent.

http://link.email.washingtonpost.com/r/U38ITL/407NG7/12RURF/H6UMAP/QMIVO/82/h

For more information, visit washingtonpost.com

Financial & Forex Info | Reuters - Before The Bell: Stock Futures gain ahead of Payrolls Report








News
LATEST NEWS
Stock futures gain ahead of payrolls report
NEW YORK (Reuters) - U.S. stock index futures advanced on Friday after four consecutive days of losses as investors awaited Friday's key U.S. payroll report. | Full Article

Job gains seen slowing, dimming recovery hopes
May 06, 2011 07:24 AM ET
WASHINGTON (Reuters) - U.S. employers probably took on fewer workers in April as high energy prices sapped consumer confidence and led to doubts about the strength of the economic recovery. | Full Article
Oil slides below $109, extends deep drop
May 06, 2011 07:51 AM ET
LONDON (Reuters) - Oil prices fell further on Friday, extending a 10 percent crash the previous day as fears about global economic recovery pushed investors to unwind commodities positions. | Full Article
China pushes U.S. on debt ahead of high-level talks
May 06, 2011 05:28 AM ET
BEIJING (Reuters) - China, wielding its huge dollar holdings, on Friday pressed Washington to tackle its huge fiscal deficit and said it would raise the issue of discrimination against Chinese investors at high-level talks next week. | Full Article
Sony CEO apologizes to gamers; shares fall 2 percent
May 06, 2011 06:41 AM ET
TOKYO (Reuters) - Sony Chief Executive Officer Howard Stringer apologized to users of its PlayStation Network and other online services, breaking his silence on the biggest Internet security break-in ever. | Full Article
US TOP NEWS
Al Qaeda plotted 9/11 anniversary rail attack: U.S.
May 05, 2011 09:36 PM ET
WASHINGTON (Reuters) - Al Qaeda considered attacking the U.S. rail sector on the 10th anniversary of the September 11 attacks, U.S. government officials said on Thursday in describing intelligence from Osama bin Laden's hide-out in Pakistan. | Full Article
CIA watched bin Laden from nearby safe house inside Pakistan
May 06, 2011 01:44 AM ET
ABBOTTABAD/NEW YORK (Reuters) - Extensive surveillance of Osama bin Laden's hideout from a nearby CIA safe house in Abbottabad led to his killing in a Navy SEAL operation, U.S. officials said, a revelation likely to further embarrass Pakistan's spy agency and strain ties. | Full Article
Frontline Taliban promise revenge attacks after bin Laden
May 06, 2011 06:22 AM ET
KABUL (Reuters) - Heavily armed Taliban fighters, appearing in a video purporting to show frontline militants in southern Afghanistan, have said the killing of Osama bin Laden will inspire them to continue fighting until all foreign troops have left the country. | Full Article
U.S. and China race political calendar to curb irritants
May 06, 2011 06:12 AM ET
WASHINGTON/BEIJING (Reuters) - Top officials from the world's two largest economies meet next week to try to tackle irritants in their relations, a task that will only grow tougher as domestic politics seize the stage next year. | Full Article
SEC subpoenas JPMorgan over failed mortgages: report
May 06, 2011 06:19 AM ET
(Reuters) - JPMorgan Chase & Co has received a subpoena from the U.S. Securities and Exchange Commission over failed mortgages, Bloomberg said, citing a person familiar with the investigation. | Full Article
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