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Yahoo! News: Business
Bleak payrolls report mauls Wall St; volume thin (Reuters)

Traders work on the floor of the New York Stock Exchange May 19, 2009. REUTERS/Shannon StapletonReuters - Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects.


U.S. job losses spike in June, dampen recovery hopes (Reuters)

A man looks at a job board at a job fair in Toronto, April 1, 2009. REUTERS/Mark BlinchReuters - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a long, slow recovery from recession.


J&J buys $1 billion Elan stake, gains Alzheimer's R&D (Reuters)

A first aid kit made by Johnson & Johnson for sale on a store shelf in Westminster, Colorado April 14, 2009. REUTERS/Rick WilkingReuters - Johnson & Johnson has agreed to pay $1 billion for an 18.4 percent stake in Irish drugmaker Elan Corp , and will acquire a major stake in Elan's portfolio of experimental drugs to treat Alzheimer's disease.


Fate of GM in hands of bankruptcy judge (Reuters)

Fritz Henderson, Chief Executive Officer of General Motors Corp, enters the U.S. Bankruptcy Court in New York July 1, 2009. REUTERS/Brendan McDermidReuters - A federal bankruptcy judge will decide the immediate fate of General Motors Corp's effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing concluded on Thursday.


Magna board set to approve Opel plans: sources (Reuters)

Employees arrive at the Opel assembly plant in Antwerp June 15, 2009. REUTERS/Thierry RogeReuters - Magna's (MGa.TO) board of directors is scheduled to approve on Tuesday a business plan for the acquisition of German carmaker Opel, two sources familiar with the matter said on Thursday.


World stocks down ahead of key US jobs data (AP)

An investor chats with another as he looks at the stock price monitor at a private securities company Thursday July 2, 2009 in Shanghai, China. Chinese shares rose Thursday on optimism about a possible economic rebound, led by resource shares following a hike in state-set fuel prices. The benchmark Shanghai Composite Index jumped 52.1 points, or 1.7 percent, to close at 3060.25. (AP Photo/Eugene Hoshiko)AP - World stocks mostly fell Thursday as investors braced for a crucial U.S. jobs report that could set the tone in markets for the coming few days at least.


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