Search This Blog

Translate

Search Tool




Jul 1, 2011

The Washington Post Afternoon Edition: 2chambers: White House bumps up debt deadline

The Washington Post

Politics Afternoon Edition

HEADLINES

  1. 2chambers: White House bumps up debt deadline

    The Obama administration now says there must be an agreement by July 22 in order to give Congress time for legislative action before its final Aug. 2 deadline.
    » Read full article
  2. The Fix: The death of compromise in America

    What the government shutdown in Minnesota and the National Basketball Association lock out tell us about our culture.
    » Read full article
  3. Tiffany purchases worried Gingrich's staff

    Employees grew concerned that his extravagant purchases would hurt his chances for the presidency.
    » Read full article
  4. Fact Checker: Barbara Boxer rewrites history

    Boxer claims Bill Clinton's 1993 budget deal led to a balanced budget five years later. Is she right?
    » Read full article
  5. Will Rick Perry run for president?

    With the Texas legislative session over, Gov. Rick Perry now turns his attention to a White House bid.
    » Read full article

Reuters Daily Investor Update: Fireworks wrap up Wall Street's best week in 2 years.


News
LATEST NEWS
Fireworks wrap up Wall Street's best week in 2 years
NEW YORK (Reuters) - Stocks started July with a bang on Friday with Wall Street scoring its best week in two years on strong manufacturing data that eased concerns about slowing growth. | Full Article

Strauss-Kahn released from house arrest
July 01, 2011 04:32 PM ET
NEW YORK (Reuters) - Former IMF chief Dominique Strauss-Kahn was released from house arrest on Friday after prosecutors said the hotel maid who accuses him of attempted rape lied to a grand jury and made other false statements. | Full Article
Zynga files for IPO of up to $1 billion
July 01, 2011 02:25 PM ET
NEW YORK (Reuters) - Online game company Zynga Inc filed for an initial public offering hoping to raise up to $1 billion, the latest hot Internet startup to tap investor interest in Internet social media companies. | Full Article
Manufacturing rises but consumers remain wary
July 01, 2011 02:10 PM ET
NEW YORK (Reuters) - The pace of growth in U.S. manufacturing picked up for the first time in four months in June, surprising investors and fueling optimism the recent economic slowdown will be temporary. | Full Article
June auto sales weak for 2nd month in row
July 01, 2011 04:15 PM ET
DETROIT (Reuters) - General Motors Co, Ford Motor Co and the big Japanese automakers reported weaker-than-expected sales in June as buyers remained cautious due to the weak economy and tight supply of cars. | Full Article

The Economist | Selected new Articles ¨Prospero / Democracy in America / Free Exchange ...and more



Prospero enters the world of competitive barbecuing

Democracy in America gives Michele Bachmann a history lesson

Free exchange wonders what's so great about small businesses

Gulliver takes to the skies over South Sudan

Buttonwood notes some circularities in the pension arguments of Britain's public-sector

The Economist Asks: Will Greece make its austerity plan stick?

Audio: The week ahead

Daily chart: Overheating emerging markets

Debates: This house believes that an economy cannot succeed without a big manufacturing base.





Click Here!

NYT: Afternoon Business News: Markets Jump on Word of a Manufacturing Rebound



BUSINESS
DealBook

Zynga Files for $1 Billion I.P.O.

By EVELYN M. RUSLI
The filing by the online gaming company comes amid a growing sense of urgency among some of the largest Web companies to go public.

Markets Jump on Word of a Manufacturing Rebound

By THE ASSOCIATED PRESS
The Institute for Supply Management said that its manufacturing index rose in June, and the report spurred a flurry of buying on Wall Street.

Carmakers See Slower Growth in Auto Sales in June

By NICK BUNKLEY
Sales across the industry were higher last month compared to a year earlier, but the annualized selling rate likely fell to the lowest level of the year.
Common Sense

A Collision of Creativity and Cash at Disney/Pixar

By JAMES B. STEWART
While Disney focuses on lucrative franchises, Pixar maintains it is devoted to the story. In "Cars 2," Disney won.

Europe Gives $17 Billion to Greece to Avoid Default

By STEPHEN CASTLE
The new installment of aid helps ministers buy time to settle disagreements over a second rescue package.

CBS NEWS ° Political Hotsheet Top Stories: Obama recruits more than 400,000 donors.

The CBS News Political Hotsheet newsletter








CBS POLITICAL HOTSHEET TOP STORIES    



   
At the end of the first significant fundraising quarter of the 2012 election cycle, President Obama has mobilized an number of donors
Read full story
Obama recruits more than 400,000 donors

Romney flip-flops on charges against Obama Former Massachusetts governor drops charge Obama made economy worse, says jobs would be his top priority as president

Do July 4th festivities make you Republican? Study suggests July 4 celebrations significantly impact political preferences, increase likelihood of becoming a Republican

Pawlenty: Minnesota shutdown could be a good thing Former Minnesota governor and Republican presidential candidate Tim Pawlenty says his state's shutdown could lead to the state government living within its means

Ex-GOP sen. to Obama: Shoot your Former co-chair of president's debt commission says all players in debt limit debate should accept something that hurts themselves

U.S. stocks extend gains to cap strong week: Marketwatch | Pulse Market


By Kate Gibson
NEW YORK (MarketWatch)-- U.S. stocks soared Friday to tally a fifth consecutive day of gains that had the benchmark indexes all up more than 5% for the week. A national index on manufacturing activity in June spurred the rise. The Dow Jones Industrial Average DJIA +1.36% rose 168.43 points, or 1.4%, to 12,582.77, up 5.4% for the week. Up 5.6% from last Friday's close, the Standard & Poor's 500 Index SPX +1.44% climbed 19.03 points, or 1.4%, to 1,339.67. The Nasdaq Composite Index COMP +1.53% added 42.51 points, or 1.5%, to 2,816.03, up 6.2% from the week-ago finish.

The Regional Economic Conditions (RECON) is now available on line with the first quarter 2011 update.


The Regional Economic Conditions, RECON, is now available on line with the first quarter 2011 update. RECON is a compilation of key economic data in graphic format for the United States as a whole and for each state, county and certain metropolitan statistical areas. The table below displays the RECON data offerings by geographical levels (national, state, MSA or county). Available geographies are denoted by an "X". The "Data As Of" column indicates the latest date available for each RECON offering.


Geographic Availability                                   
RECON OFFERINGS Quarterly updates unless otherwise indicated
U.S.
State
MSA
County
Data As Of
Bankruptcy Filings, Personal
X
X
 
X
2011Q1
Commodity Prices (Monthly)
X
 
 
 
May 2011 
Earnings per Employee by Industry (Average annual as of year end)
 
X
 
 
2009
Employment by Industry
 
X
X
 
2011Q1
Employment Composition (Annual as of year end)
 
X
X
 
2010
Employment Growth
X
X
X
X
2011Q1
Foreclosures Started
X
X
 
 
2011Q1
Housing Permits
X
X
X
X
2011Q1
Income Growth
X
X
 
 
2011Q1
Labor Force + Population
X
X
X
X
2011Q1
Median Family Income (Estimated Annualized)
X
X
 
X
2011Q1
Mortgage Delinquencies
X
X
 
 
2011Q1
Payroll Employment
X
X
X
 
2011Q1
Per Capita Personal Income (Annual as of year end)
X
X
X
X
2009
Personal Income Growth
X
X
 
 
2011Q1
Residential Real Estate
X
X
X
X
2011Q1
State Profile “At A Glance” Tables
 
X
 
 
2011Q1
Unemployment Rate
X
X
X
X
2011Q1
Vacancy Rates, Non Residential
X
 
X
 
2011Q1
Please remember to periodically check Regional Economic Conditions, RECON for second quarter 2011 updates. Updates will be made throughout the third quarter of 2011 as 2011Q2 data becomes available to the RECON system.

Financial & Forex Info | Reuters - Deals Today



News
Zynga Inc filed paperwork for an initial public offering on Friday, the latest in a series of hot social media companies to seek capital in the U.S. public markets. The company, which is behind a series of popular games on Facebook, said it hoped to raise up to $1 billion. It did not specify the number of shares it plans to sell or give an expected price range.

A group including Apple, Research In Motion and Microsoft will pay $4.5 billion to snatch Nortel Networks' patents from under the noses of Google and Intel, stealing a march on their rivals in a litigious market. Bankrupt Nortel had put up for sale 6,000 patents and patent applications in the largest public sale of its kind, a potential treasure trove for latecomers to the market such as Apple, Google and Intel.

Belgium's KBC Group is expecting around eight to 10 first-round offers for its private banking arm KBL, people familiar with the matter said, after attempts to sell the business for $1.9 billion failed in March. Bidders are expected to include corporate suitors and private equity firms from across the globe, the person said, and a shortlist for the next round will be drawn up in about a week.

Investors are asking for more of their money back from hedge funds in June than in any other month in 2011 as fund returns hit by May's commodity rout shake client confidence, according to data by hedge fund services firm GlobeOp.

Can a sports franchise be run like a hedge fund? That's what Tom Gores, head of Los Angeles-based private equity fund Platinum Equity, is attempting to do with the Detroit Pistons after firing the NBA team's chief executive and filling the job with a pair of Platinum Equity partners. According to NYT's DealBook these moves "are straight out of the private equity playbook."