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Jun 3, 2011

Financial & Forex Info | Daily Investor Update: Cooling Employment Casts Shadow On Recovery

Cooling employment casts shadow on recovery
WASHINGTON (Reuters) - The economy may be in for a long period of soft growth after employers hired the fewest number of workers in eight months in May and the unemployment rate rose to 9.1 percent. | Full Article

Ex-presidential hopeful Edwards charged over affair
June 03, 2011 04:27 PM ET
WASHINGTON (Reuters) - Former Democratic presidential hopeful John Edwards was indicted on Friday for using nearly $1 million in illegal campaign funds to help cover up an extramarital affair during his White House bid. | Full Article
Republicans say Obama must "step up" on deficit talks
June 03, 2011 03:29 PM ET
WASHINGTON (Reuters) - Top Republicans on Friday said an increase in the jobless rate underscored the need for President Barack Obama to get personally involved in talks to cut government spending to help stimulate economic growth. | Full Article
U.S. pushed Goldman to provide legal loss estimate
June 03, 2011 01:13 PM ET
NEW YORK (Reuters) - Goldman Sachs Group Inc disclosed estimates of potential losses from legal issues after pressure from U.S. Securities and Exchange Commission staff, according to documents released on Friday. | Full Article
U.S., Afghanistan push ahead on long-term deal
June 03, 2011 01:24 PM ET
WASHINGTON (Reuters) - U.S. and Afghan officials are pushing ahead with talks on a deal to define the long-term American role in Afghanistan, possibly easing worries among some Afghans that Washington will walk away when foreign forces go home. | Full Article

"Dr. Death," Jack Kevorkian, dies at 83
June 03, 2011 12:56 PM ET
DETROIT (Reuters) - Assisted suicide advocate Jack Kevorkian, known as "Dr. Death" for helping more than 100 people end their lives, died early on Friday at age 83, his lawyer said. | Full Article
Germany steps up hunt for deadly E.coli source
June 03, 2011 01:57 PM ET
BERLIN/LONDON (Reuters) - Racing to curb the spread of a killer food bug, Germany set up a task force on Friday to hunt down the source of a highly toxic strain of E.coli that has killed 19 people and sounded alarms around the world. | Full Article
30 years on, AIDS fight may tilt more to treatment
June 03, 2011 03:39 AM ET
CHICAGO/GENEVA (Reuters) - After 30 years of AIDS prevention efforts, global leaders may now need to shift their focus to spending more on drugs used to treat the disease as new data show this is also the best way to prevent the virus from spreading. | Full Article
Some success seen with personalized cancer treatment
June 03, 2011 04:19 PM ET
CHICAGO (Reuters) - Tailoring cancer drugs to target the molecular signature of an individual patient's tumor helps more than a scattershot approach, according to early-stage research. | Full Article
Vegans may be at risk for low iodine: study
June 03, 2011 04:16 PM ET
NEW YORK (Reuters Health) - Some vegans may not be getting enough iodine in their diets, suggests a new study. | Full Article

U.S. police shoot fake alligator
"Unabomber" auction raises over $232,000
Medical marijuana superstore opens
Saggy pants mean no ride on one Texas bus system
Customs seize 451 turtles in suitcases

MarketWatch | Personal Finance Daily: So you want to be a ‘search-engine optimizer'


Personal Finance Daily
JUNE 03, 2011

So you want to be a ‘search-engine optimizer'

By MarketWatch

Don't miss these top stories:

The outlook for the job market is bleak again. But that's not the case for some job types. For instance, "search-engine optimizer" tops a list of seven careers with a shortage of applicants. Truck driver is on that list, too. Listen to our radio report today for more on that.

The job market posted disappointing gains in May. Or did it? Columnist Lee Adler writes today that focusing on the seasonally adjusted figure — the paltry 54,000 gain in all the headlines today — is wrong. He notes that on a non-seasonally-adjusted basis, payrolls rose 682,000. Still, as Adler concedes, the growth in the unadjusted monthly figure has been slowing since the end of last year. And that's not a good sign. Read his column today for more .

Plus, don't miss Ruth Mantell's look at which cities are the best places for job seekers right now, based on online job postings per worker. The question is: Is it worth it to move for a job?

Andrea Coombes , personal finance editor


Top 10 cities in the U.S. to find a job: Monster

Friday's jobs data showed a labor market that's still struggling, but prospects are brighter for job seekers in some areas, according to new data from
Read more: Top 10 cities in the U.S. to find a job.

Seven careers with a shortage of applicants

When it comes to landing a job, some career choices give you better odds than others. Steve Potisk reports on the top seven careers with a shortage of applicants.
Listen to radio report: Seven careers with a shortage of applicants.

Actual employment numbers not that bad

The market was disappointed with today's employment data. But actual total employment, as opposed to the widely reported seasonally adjusted numbers, was nowhere near the catastrophe that the market's reaction made it seem.
Read more: Actual employment numbers not that bad.

May jobs growth slows to 54,000, a nine-month low

Nonfarm payrolls rise by 54,000, the slowest pace since last September, and the unemployment rate climbs to 9.1%.
Read more: May jobs growth slows to 54,000, a nine-month low.


Reverse mortgages affect benefits

Lew Sichelman answers readers' questions on how reverse mortgages can impact Medicaid benefits and qualifications, and also on what mortgage servicers can do to change reverse-mortgage payments.
Read more: Reverse mortgages affect benefits.


Weighing your options for stashing cash

The returns on low-risk savings these days range from just about zilch to a little more than nothing. But investors should remember a crucial fact: Rates won't stay low forever.
Read more: Weighing your options for stashing cash.


5 money moves one U.S. bond bull is making now

The world according to David Rosenberg, chief economist and strategist at Toronto-based investment manager Gluskin Sheff + Associates Inc., features higher bond prices, low interest rates and $3,000 gold.
Read more: 5 money moves one U.S. bond bull is making now.

5 market signs to follow before buying junk bonds

As a rally in junk bonds extends into its third year, fund managers and financial advisers are warning investors to exercise extra caution before buying in.
Read more: 5 market signs to follow before buying junk bonds.

Funds with maximum flexibility

An increasing number of investors have been pouring money into so-called go-anywhere funds that give their managers wide latitude in their investments.
Read more: Funds with maximum flexibility.

Should investors worry about money funds?

Two and a half years after money-market mutual funds got caught up in the financial crisis of 2008, the debate over the riskiness of these funds is heating up.
Read more: Should investors worry about money funds?

How to invest in the social-networking IPO boom

Call it a wave or a bubble, investors' enthusiasm for LinkedIn's recent IPO and the expected offerings of Facebook, Twitter, Groupon and other social-networking companies harks back to the frenzy over dot-com start-ups in the late 1990s. Is it different this time?
Read more: How to invest in the social-networking IPO boom.

Could Apple still surprise at developer conference?

Software updates and iCloud unveiling expected to dominate CEO Steve Jobs's keynote appearance at WWDC, though the potential for surprise remains.
Read more: Could Apple still surprise at its developer conference?

Two generations of Internet founders

Both the young and the old(er) generations of Internet entrepreneurs give evidence at the D9 conference of how they have learned from the first tech boom and bust.
Read more: Two generations of Internet founders.

How to play oil volatility now

If there were any lingering doubts that volatility is the new watchword in the oil sector, or that volatility moves in both directions, the most recent cycle has put it to rest.
Read more: How to play oil volatility now.

OPEC's ‘ordinary' meeting won't be routine

The regularly-scheduled meeting of the Organization of the Petroleum Countries next week will be anything but routine for the oil market — even if members officially decide to do nothing to the cartel's production levels.
Read more: OPEC's ‘ordinary' meeting won't be routine.

Dissecting the stock market's P/E

Are stocks undervalued? That's an important question to ask at any time, but especially right now.
Read more: Dissecting the stock market's P/E.

Tourism as investment

One of the best investments you can make in the emerging markets is to go there as a tourist, writes Thomas Kostigen.
Read more: Tourism as investment.


U.S. services sector expands faster in May

The U.S. services sector grew at a slightly faster pace in May compared to the prior month, according to a survey of senior executives.
Read more: U.S. services sector expands faster in May.

Stalled economy? Nothing must be done

Economic policy makers are boxed in. Politically, they can't do more, but the weak performance of the economy keeps reminding them of how much remains to be done, writes Rex Nutting.
Read more: Stalled economy? Nothing must be done.

3 stupid budget tricks that will solve nothing

Everyone knows the United States has a big budget problem over the next 10 or 20 or 30 years. But many of the solutions being offered by politicians will do little to fix the problem, writes Rex Nutting.
Read more: 3 stupid budget tricks that will solve nothing.

Why Sarah Palin is smarter than her critics

Put aside whether Sarah Palin could win the White House or would win or should win. The real news is the way she is sucking the oxygen out of the Republican campaign.
Read more: Why Sarah Palin is smarter than her critics.

Anthony Weiner's tweet draws heat

New York congressman is doing a rotten job of damage control, says Jon Friedman.
Read more: Anthony Weiner's tweet draws heat.

MarketWatch | Weekly Roundup : Top 10 Stories

Weekly Roundup
JUNE 03, 2011

MarketWatch top 10 stories, May 30-June 3

By MarketWatch

BOSTON (MarketWatch) — Weaker-than-expected jobs data sent U.S. stocks tumbling Friday, concluding a rocky week for the markets, with the Dow industrials posting their fifth straight weekly loss.

For the week, the Dow Jones Industrial Average (DJIA) lost 0.8%, while the Standard & Poor's 500 Index (SPX) fell 1% and the Nasdaq Composite (COMP) declined 1.5%.

For more on what's coming next week, please watch our Week Ahead videos for Asia and Europe.

 Asia Week Ahead: Korea, Australia to meet on rates

 Europe Week Ahead: ECB, BOE in focus

 U.S. Week Ahead: OPEC outlook, buzz over new iPhone

—Michelle Donley

Disappointing jobs news

U.S. job gains slowed to a crawl in May, and the unemployment rate moved higher, the Labor Department said. Nonfarm payrolls rose by a seasonally adjusted 54,000, the smallest gain since September and a fraction of the 125,000 jobs expected by economists polled by MarketWatch, which itself reflected recent days' downward forecast revisions. Read more about jobs report.

Say goodbye to the office cubicle

The high-walled cubicle is quickly becoming a relic in the modern workplace. It's also becoming more common for executives to move out of their offices and sit with the rest of the workers. And the actual size of our work space is shrinking, as employees increasingly split their time between working remotely and in the office. Read more about post-recession office space.

Housing in a double dip

U.S. home prices fell in March for the eighth straight month, confirming the beleaguered housing market has entered a double-dip recession. The Case-Shiller 20-city home-price index is now below its April 2009 trough, meaning that home prices have fully retreated from gains posted from May 2009 through June 2010. Read more about housing downturn .

All eyes on Bernanke

With investor panic growing faster than the U.S. economy is weakening, all eyes turn to Federal Reserve Chairman Ben Bernanke to see if he'll launch a third round of bond buying to prop up the global markets. Don't hold your breath, folks, because the QE3 has sailed, writes Dave Callaway. Read more of Callaway's column on QE3 .

The push for digital health data

Under a government-led effort tied to the 2009 economic stimulus, doctors across the nation will spend on average $40,000 on software to build digital databases of patient records. Even after all that expense, few physicians will be able to send patient records to other doctors who could benefit from having rapid access to medical histories, according to interviews and government advisers. Read more about digital health data.

Fresh warning from Nokia

Shares of Nokia Corp. (NOK) took a tumble Tuesday as the Finnish handset maker warned that second-quarter revenue would miss its previous targets due to sliding sales volumes and prices. What's more, Nokia also suspended its full-year forecast for 2011. Read about Nokia's warning.

Groupon files for IPO

Groupon Inc. filed for a widely anticipated initial public offering in which the online group-discount service said it expects to raise as much as $750 million. The Chicago-based company said in a regulatory filing with the U.S. Securities and Exchange Commission that it plans to list its shares under the symbol "GRPN." Read more about Groupon's plans to go public .

A peek at Windows 8

Microsoft Corp. (MSFT) showed off a new version of Windows heavy on touch-screen features and running on devices using ARM-based chips, in a strong sign of the company's bid to be more competitive in mobile computing. Windows 8 is seen as the tech behemoth's most important initiative in its attempt to catch up with rivals led by Google Inc. (GOOG)  and Apple Inc. (AAPL). Read more about Windows 8.

Greece aid talks go well

Greece's Finance Ministry said discussions with representatives of the European Commission, the European Central Bank and the International Monetary Fund had concluded "positively." The next round of bailout funds for Greece from the IMF, ECB and EC may be available in early July, according to a joint statement from the international financial agencies. Read more on potential aid for Greece .

Japan's Kan survives no-confidence vote

Japan's Prime Minister Naoto Kan defeated a no-confidence vote after saying earlier in the day that he would step down. Some analysts were hopeful that his survival will herald more cooperation in Japan's deadlocked parliament. Read more about Japan's politics .

NYT: Afternoon Business News


Stocks Are Down on Weak Monthly Jobs Report

A dismal jobs report added to a string of gloomy economic news.
Off the Charts

Strong Manufacturing Revival Seems to Be Fading

Surveys of manufacturing companies around the world indicate that business is still improving for many of them, but that the pace of growth has slowed.
The Caucus

Obama Hails Auto Industry's Turnaround in Visit to Chrysler Plant

President Obama hailed the auto industry's comeback at a Chrysler plant in Toledo, two years after the company's bailout, but warned that "headwinds" continue to buffet the economy.

Greek Talks Pave Way for Fresh Bailout Funds

A second bailout of Greece moved closer with agreement on measures to secure a crucial tranche of international aid needed to stave off the looming threat of a Greek default.
Your Money

Shedding Light on Excessive 401(k) Fees

Even though the Labor Department has approved new rules for fee disclosure for retirement plans, to go into effect next year, consumers should investigate the often-hidden costs of their own plans.

The Economist | Selected New Articles: America's Jobless Recovery | Mukesh Ambani | Difference Engine | Internet Security...and more

America's jobless recovery: Not again

Mukesh Ambani: India's richest man speaks to the faithful

Video: Thaksin Shinawatra on Thai politics

Difference Engine: Even in America, four-cylinder cars now rule the road

Internet insecurity: Once more unto the breach

Daily chart: Women expecting less

Online debate: Do too many banks make a financial system unstable?

The Washington Post | Post Politics Afternoon Edition: Edwards indicted by federal grand jury

The Washington Post

Politics Afternoon Edition


  1. Edwards indicted by federal grand jury

    A federal grand jury has indicted two-time presidential candidate John Edwards over massive sums of money spent to keep his mistress in hiding during the peak of his 2008 campaign for the White House.
    » Read full article
  2. House rebukes Obama on Libya

    The House on Friday rebuked President Obama for failing "to provide Congress with a compelling rationale" for the military campaign in Libya, but stopped short of demanding he withdraw U.S. forces from the fight.
    » Read full article
  3. Obama: Economy has 'long way to go'

    President Obama scheduled a trip to a Chrysler plant here to boast of the car maker's turnaround following the billions it received in 2009 as part of a broader “bailout” of the American auto industry.
    » Read full article
  4. GOP demands TV station yank Medicare ad

    The National Republican Congressional Committee, which oversees House races for the GOP, has written a sharply-worded letter demanding that a New Hampshire TV station pull a Medicare add off the air.
    » Read full article
  5. Fact Checker: A bushel of Pinocchios for Palin

    In a Fox News interview, Palin made one misstatement after another.
    » Read full article

Reuters UK | Evening News: Saleh "Well" After Palacfe Shelled -Yemen Official


Saleh "well" after palace shelled - Yemen official
SANAA (Reuters) - Shells struck Yemeni President Ali Abdullah Saleh's palace in Sanaa on Friday, wounding three senior officials, but a Yemeni official said Saleh was "well." | Full Article

Mladic calls genocide charges "monstrous" lie
03 JUN 2011 14:17 BST
THE HAGUE (Reuters) - Former Bosnian Serb army commander Ratko Mladic faced the U.N. war crimes tribunal on Friday as a defiant general who never lost a battle, denying the charges against him as "obnoxious" and "monstrous." | Full Article
Stocks, oil plunge as U.S. jobs report shocks
03 JUN 2011 15:02 BST
NEW YORK (Reuters) - Global stocks and oil prices slid on Friday after U.S. jobs growth for May fell shockingly below market expectations, heightening worry that the world's top economy was headed for a protracted slowdown. | Full Article
Germany steps up hunt for deadly E.coli source
03 JUN 2011 15:29 BST
BERLIN/LONDON (Reuters) - Racing to curb the spread of a killer food bug, Germany set up a national task force on Friday to hunt down the source of a highly toxic strain of E.coli that killed 17 people and sounded alarms around the world. | Full Article
Chevron says four killed in UK refinery explosion
03 JUN 2011 13:00 BST
LONDON (Reuters) - Four people were killed and one was seriously injured in an explosion at an oil refinery in southwest Wales, the plant's owner Chevron Corp said on Friday. | Full Article

NYT Breaking News Alert: John Edwards Indicted in Campaign Fund Case

Breaking News Alert
The New York Times

John Edwards Is Indicted by a Federal Grand Jury in Campaign Funds Case

A federal grand jury in North Carolina indicted John Edwards, the former Democratic senator and presidential candidate, over allegations that he used campaign funds to conceal an extramarital affair during his 2008 campaign for the White House.

The six-count indictment follows a two-year federal investigation of Mr. Edwards’s political career.

Read More:

The Washington PostToday's Headlines: Today's Highlights | Politics | Style | Sports | World| Live Discussion | Technology | Business

The Washington Post

Source: Edwards indictment expected Friday
Lawyers for former Democratic vice presidential nominee John Edwards expect that he will be indicted Friday on federal campaign finance charges after plea agreement talks with the Justice Department broke down, a person familiar with the negotiations said Friday.
(By Jerry Markon)

U.S. farmers, processors not required to test for deadly E. coli strain
The bacterium that has killed more than a dozen Europeans, sickened nearly 2,000 more and raised international alarms would be legal if it were found on meat or poultry in the United States.
(By Lyndsey Layton)

Energy industry shapes lessons in public schools
Eager to burnish its reputation, the energy industry is spending significant sums of money on education in communities with sensitive coal, natural gas and oil exploration projects.
(By Kevin Sieff)

GOP hopefuls court evangelical support
The proposition will get one of its first tests this weekend as Republican presidential hopefuls appear before the Faith and Freedom Coalition.
(By Karen Tumulty and Nia-Malika Henderson)

With ‘cymotrichous,’ Sukanya Roy captures Scripps National Spelling Bee championship
Sukanya Roy, 14, of Abington Heights Middle School in Pennsylvania, wins the Scripps National Spelling Bee — besting 274 others — by spelling cymotrichous, which means “having wavy hair.”
(By Robert Samuels)

Source: Edwards indictment expected Friday
Lawyers for former Democratic vice presidential nominee John Edwards expect that he will be indicted Friday on federal campaign finance charges after plea agreement talks with the Justice Department broke down, a person familiar with the negotiations said Friday.
( by Jerry Markon , The Washington Post)

GOP's Romney maintains he was correct in arguing that troubled automakers declare bankruptcy
WASHINGTON — Newly minted Republican presidential candidate Mitt Romney says he was right in arguing the troubled auto industry should use bankruptcy laws instead of a government bailout to get a new start.
( Associated Press Associated Press , AP)

FACT CHECK: Romney makes selective use of Obama's economic record in GOP presidential debut
WASHINGTON — In rhetorical excesses marking his entry in the presidential campaign, Mitt Romney said the economy worsened under President Barack Obama, when it actually improved, and criticized the president for issuing apologies to the world that were never made.
( Associated Press Associated Press , AP)

Revenge of a sort with the sale of the Unabomber's manifesto, bomb-making tools
WASHINGTON — To most people, Theodore Kaczynski’s bomb-making tools are meaningless relics from a life devoted to mayhem.
( Associated Press Associated Press , AP)

Targeting the TSA budget
The House approved legislation that would cut funding for transportation security officers, the people on the front line of aviation safety. It also voted to block collective bargaining for them.
(, The Washington Post)

Music review: NSO highlights Bernstein
The composer’s music fills the meat of a program featuring John Axelrod’s National Symphony debut.
( by Anne Midgette , The Washington Post)

Style Invitational Week 922
Week 922 of the Style Invitational contest: New words for “The Star-Spangled Banner”; and the winning grandfoals from Week 918.
(, The Washington Post)

Hints From Heloise: Hurricane alert for medications
Dear Heloise: After Hurricane Ike hit Houston in 2008, all of the wind-stirred vegetation made my daughter’s allergies go crazy, resulting in asthma. Since she usually only has fall allergies, I didn’t have the proper medications on hand. Pharmacies were closed for days.
(, King)

A friendship that has run its course
A reader wonders if it’s normal for a man to write a “breakup” letter to a male friend.
(, The Washington Post)

Melding into a soulful connection
Rick Levy and Lisa Tatum’s lives connected once through helping a troubled nephew, twice through a retreat center and a third time at the altar.
( by Ellen McCarthy , The Washington Post)

Person familiar with decision: Empire out, Sinatra back with 'New York, New York' at Belmont
NEW YORK — Sinatra is ‘king of the hill’ again at the Belmont Stakes.
( Associated Press Associated Press , AP)

Thursday's Sports In Brief
PARIS — Li Na is back in a Grand Slam final, reaching her second straight major championship match by defeating Maria Sharapova 6-4, 7-5 in the French Open semifinals.
( Associated Press Associated Press , AP)

American goalkeeper Brad Friedel to join Tottenham from Aston Villa
LONDON — Brad Friedel agreed to join Tottenham on Friday from Aston Villa, extending the career of one of the English Premier League’s most adept and experienced goalkeepers.
( Associated Press Associated Press , AP)

From the tackle box to the hair salon, fly shop feathers disappear amid hair extension craze
BOISE, Idaho — Fly shop manager Jim Bernstein was warned that hair stylists would come banging on his door, but he didn’t listen.
( Associated Press Associated Press , AP)

Adidas agrees to keep sponsoring FIFA, still concerned at corruption scandal
LONDON — Adidas has agreed to continue sponsoring FIFA despite lingering concerns about the crisis engulfing world soccer’s governing body.
( Associated Press Associated Press , AP)

Rebels in western Libya seize mountain towns in push toward Tripoli
BENGHAZI, Libya — A rebel leader says his forces have seized two western mountain towns from Moammar Gadhafi’s forces in a push toward the Libyan leader’s stronghold in the capital, Tripoli.
( Associated Press Associated Press , AP)

Yemen president wounded as tribal fighters hit palace with rockets in escalation of battle
SANAA, Yemen — A government official says Yemen’s president was lightly injured and four top officials wounded when opposition tribesmen struck his palace with rockets.
( Associated Press Associated Press , AP)

Philippines, US to search for remains of American MIAs during World War II
MANILA, Philippines — The Philippines and the United States agreed Friday to jointly search for remains of American troops missing in action in the Philippines during World War II.
( Associated Press Associated Press , AP)

Sammy Ofer, Israeli billionaire at center of Iran trade scandal, dies at age 89
JERUSALEM — An Israeli billionaire at the center of a recent scandal involving trade with Iran died Friday in Tel Aviv. He was 89.
( Associated Press Associated Press , AP)

Popocatepetl volcano blasts tower of ash over Mexico City
MEXICO CITY — The Popocatepetl volcano that towers over Mexico City is rumbling again.
( Associated Press Associated Press , AP)

Weiner roast and Sarah Palin vs. Bob Gates on Dana Milbank Live
Dana Milbank answers your questions about politics and his columns and judges your "Etch-a-Sketch" submissions.
(, vForum)

Sports talk with Dan Steinberg
Usually Tracee Hamilton goes weekly with her chat about sports, life and everything else. This week Dan Steinberg will be subbing in for her.
(, vForum)

D.C. Mayor's Office Live: Vincent Gray on jobs, safety
District Mayor Vincent C. Gray will set up the summer with a live Q&A focusing on teen jobs, safety and more.
(, vForum)

Free Range on Food: Holiday candy, smoking a goose and your pre-Christmas questions
Free Range on Food is a forum for discussion of all things culinary. You can share your thoughts on the latest Washington Post Food section, get suggestions from fellow cooks and food lovers, or swap old-fashioned recipes the new-fashioned way.
(, vForum)

Ask Tom
Washington Post food critic Tom Sietsema answers your questions, listens to your suggestions and even entertains your complaints about Washington dining.
(, vForum)

Say Hello To EA’s New Online Direct-To-Consumer Gaming Platform ‘Origin’

( by ,

WPP Buys Brazilian Digital Agency Grïngo

( by ,

Adam Bosworth Unveils Keas, The Game That Keeps You Healthy

( by ,

Still Think The Mouse Isn’t Dead?

( by ,

SV Angel: “We Won’t Pass On Old Entrepreneurs”

( by ,

Employers added 54,000 jobs in May, fewest in 8 months; unemployment rate rose to 9.1 pct.
WASHINGTON — Employers hired only 54,000 new workers in May, the fewest in eight months, and the unemployment rate rose to 9.1 percent.
( Associated Press Associated Press , AP)

TEPCO says 2 workers at tsunami-hit nuclear plant exceeded Japan radiation exposure limit
TOKYO — Two nuclear plant workers have exceeded Japan’s radiation exposure limit for men, and others who toiled without sufficient protection in the earliest days of the crisis could show high levels as well, the government and plant operator said Friday.
( Associated Press Associated Press , AP)

Treasury sells warrants of Connecticut-based Webster Financial for $20.4 million
WASHINGTON — The government says it received $20.4 million from the sale of warrants it held in Webster Financial Corp., the latest move to recoup costs from the $700 billion financial bailout program.
( Associated Press Associated Press , AP)

Employers added 54,000 jobs in May, fewest in 8 months; unemployment rate rose to 9.1 pct.
WASHINGTON — Employers added 54,000 jobs in May, fewest in 8 months; unemployment rate rose to 9.1 pct.
( Associated Press Associated Press , AP)

Orexigen puts US obesity drug development on hold, cites FDA demands, shares skid in premarket
NEW YORK — Orexigen Therapeutics Inc. said Friday that U.S. regulators are making “unprecedented” demands about safety trials for its obesity drug candidate Contrave, and it is putting on hold further work on securing approval in that market.
( Associated Press Associated Press , AP)

RTTNews Morning Market Briefing

Morning Market Briefing
With a disappointing employment report adding to recent concerns about the economic outlook, stocks are likely to move sharply lower at the start of trading on Friday. The major index futures are currently indicating a steep drop at the open, with the Dow futures down by 144 points. (Jun 3, 2011) Full Article
Economic News
China's private sector economy expanded at a faster pace in May on the back of strong growth in services output, while inflation cooled to a multi-month low amid Beijing's aggressive policy tightening. (Jun 3, 2011) Full Article
UK service sector growth slowed to its weakest level in three months in May, raising concerns over the strength of the economy and its ability to withstand the fiscal tightening. (Jun 3, 2011) Full Article
Eurozone private sector growth eased to a five-month low in May after recoveries slowed in all nations across the region. The growth continues to be centered on France and Germany, while Spain, Italy and Ireland came close to stagnation. (Jun 3, 2011) Full Article
Employment in the U.S. saw a modest increase in the month of May, according to figures released by the Labor Department on Friday, although the rate of job growth came in well below economist estimates. The U.S. economy showed a net gain of 54,000 jobs in May, far lower than the 170,000 predicted by most economists and well short of the addition of 232,000 jobs in April. (Jun 3, 2011) Full Article
Earnings News
VeriFone Systems Inc. (PAY) Thursday reported a higher second-quarter profit thanks to higher margins and also a 17.9 percent growth in revenues. Both adjusted earnings and revenues topped estimates. The company also issued its third-quarter financial guidance, with the earnings estimate matching or beating consensus, and revenues estimate above consensus. Further, the company raised its fiscal 2011 outlook. (Jun 3, 2011) Full Article
SAIC Inc. (SAI) said Thursday first-quarter profit increased year-over-year, primarily reflecting higher revenues. The company also confirmed its fiscal 2012 financial view. (Jun 3, 2011) Full Article
Newell Rubbermaid Friday said it is lowering its earnings and sales outlook for 2011 owing to the US economy's “persistent softness” and inflation. (Jun 3, 2011) Full Article
Walgreens (WAG) Friday announced a 7 percent increase in sales for the month of May with comparable store sales rising 5.6 percent. Calendar day shifts positively impacted comparable sales by 1.1 percent. (Jun 3, 2011) Full Article
Broker Ratings Changes
FBR Capital Markets Raises Noble Corp. (NE) To Outperform From Market Perform With $55 Up From $48 Price Target
(Jun 3, 2011)
Janney Montgomery Scott Starts New York & Company Inc. (NWY) At Buy With $7 Price Target
(Jun 3, 2011)
Todays WS Events
3M To Present At Sanford C. Bernstein’s Conference; Presentation At 8:00 AM ET
3M Co. (MMM) CEO, George W. Buckley, will present at the Sanford C. Bernstein’s 27th Annual Strategic Decisions Conference in New York. The event is scheduled to begin at 8:00 AM ET, June 3, 2011. The presentation will be available at (Jun 3, 2011)
Wal-Mart Stores Annual Meeting Of Shareholders At 8:00 AM ET
Wal-Mart Stores Inc. (WMT) will host its Annual Meeting of Shareholders. The event is scheduled to begin at 8:00 AM, June 3, 2011. To access the live webcast, log on to (Jun 3, 2011)
Wells Fargo To Present At Sanford C. Bernstein Conference; Webcast At 9:00 AM
Wells Fargo & Company (WFC) CEO, John Stumpf will present at the Sanford C. Bernstein 27th Annual Strategic Decisions Conference in New York. The event is scheduled to begin at 9:00 AM ET, June 3, 2011. To access the live audio webcast, log on at (Jun 3, 2011)
Stocks To Watch
This microcap is a much smaller rival to a bigger player that was acquired recently in a $4.9 billion deal. The company has no long-term debt and cash for the most recent March quarter comprises 23% o (Jun 3, 2011) Full Article