Straits Times

Job losses rise in June, ending 4 months of improvement
MiamiHerald.com
WASHINGTON -- Worse-than-expected unemployment numbers and an uptick in the jobless rate renewed fears Thursday that the US economy remains very fragile and recovery is elusive. "The economy is moving in the right direction, ...
Meltdown 101: Unemployment by the NumbersThe Associated Press
Jobless rate at 9.5% - worst since 1983San Francisco Chronicle
Jobless rates for teens, especially Hispanics, skyrocketBizjournals.com
Forbes -FOXBusiness -WTHR
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Stocks Fall as Jobs Report Dampens Re...

MSN Money UK
Stocks Fall as Jobs Report Dampens Recovery Hopes
Washington Post
Wall Street closed the week with a sharp decline yesterday after a weak labor report stoked investor concerns of a prolonged recession. The market losses were broad-based, with each of the 30 blue-chip stocks on the Dow Jones industrial ...
US STOCKS-Bleak payrolls report mauls Wall St; volume thinReuters
Jobs report slams stocksCNNMoney.com
US Stocks Slide in Dow's Worst Drop Since April on Jobs DataBloomberg
Wall Street Journal -The Associated Press -Forbes
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US Gets Tough on Funds Trying to Buy ...

CNBC
US Gets Tough on Funds Trying to Buy Failed Banks
New York Times
WASHINGTON ? Federal bank regulators toughened policies on Thursday that have allowed private equity firms to buy up failing banks, saying they were worried if such investors would have enough capital and the willingness to run the ...
Tally Hits 48 as 3 Banks Fail in IllinoisWall Street Journal
Six Banks in Illinois, One in Texas Shuttered by RegulatorsBloomberg
Regulator faces tough balancing act as it deals with wave of bank ...MarketWatch
CNNMoney.com -Reuters -The Associated Press
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Feds seize Madoff penthouse, wife lea...

Washington Post
Feds seize Madoff penthouse, wife leaves
The Associated Press
NEW YORK (AP) ? Federal marshals seized disgraced financier Bernard Madoff's $7 million Manhattan penthouse on Thursday and forced his wife to move out and leave her possessions behind, including a fur coat she had asked to take with her, ...
SmarTrend(R) News Watch: Madoff's Manhattan Apartment Seized By ...FOXBusiness
Federal authorities take possession of Madoff's homeBloggingStocks
Trustee to Reject Madoff's 'Lipstick' Office LeaseBloomberg
guardian.co.uk -ABC News -BBC News
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Wells Fargo: Baltimore's Foreclos...

The Plain Dealer - cleveland.com
Wells Fargo: Baltimore's Foreclosure Lawsuit To Proceed
Wall Street Journal
A federal judge rejected Wells Fargo & Co.'s (WFC) call on Thursday to dismiss a lawsuit that alleged the bank's racially-based predatory lending practices cost the city of Baltimore millions of dollars. The city initially filed the lawsuit in January ...
Baltimore's suit against Wells Fargo can proceedSan Jose Mercury News
Wachovia unit takes on Wells Fargo nameBizjournals.com
Wells Fargo Warms to Investment BankingTheStreet.com
Sioux Falls Argus Leader -Northern Colorado Business Report -Charlotte Business Journal
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NYSE Traders Resort to Processing Ord...

Planadviser.com
NYSE Traders Resort to Processing Orders by Hand After Glitch
Bloomberg
July 3 (Bloomberg) -- The New York Stock Exchange, which last month finished replacing a 25-year-old system so that trades are processed in 5 milliseconds, was forced to close the world's largest equity market by hand ...
NYSE hit with another tech glitch, extends tradingReuters
NYSE Extended Trading Until 4:15 PM EDT ThursdayWall Street Journal
NYSE Traders Forced Into Rare Extra InningFOXBusiness
Planadviser.com -MarketWatch -Wall Street Journal
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Feds intervene in suit over $3B compu...

Federal Times
Feds intervene in suit over $3B computer contract
The Associated Press
The US Justice Department has intervened in a so-called "whistleblower" lawsuit that accuses several companies and former government employees of rigging a winning bid on a $3.2 billion computer contract at Stennis Space Center in Mississippi. ...
Justice Department joins suit against SAIC over contractBizjournals.com
DOJ Joins Whistleblower Suit Against SAIC Over $3.2B ContractWall Street Journal
US Justice joining lawsuit against SAIC, othersReuters
Washington Post -Federal Times -FederalNewsRadio.com
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Johnson & Johnson pays $1B for El...

stv.tv
Johnson & Johnson pays $1B for Elan stake
The Associated Press
TRENTON, NJ (AP) ? Johnson & Johnson, making a big jump into the risky but potentially lucrative field of Alzheimer's disease, is taking a major stake in Irish biopharmaceutical company Elan Corp., investing up to $1.5 billion initially. ...
Johnson & Johnson Buys Access to an Alzheimer's DrugNew York Times
J&J to invest $1.5B in Elan, new ventureBizjournals.com
Elan's AD Drug Down, Not Out: J&J Pledges $1.5B in VentureBioWorld Online
Forbes -Barron's -Wall Street Journal
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