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Friday, June 1, 2012

Daily Investor Briefing: Wall Street ends down sharply; Dow...

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06/1/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street ends down sharply; Dow negative for year
NEW YORK (Reuters) - The Dow turned negative for the year on Friday after a weak U.S. jobs report accelerated a downturn in stocks, fueled by fears that Europe's spiraling debt crisis was dragging down the world economy.
U.S. job growth trips again, opens door to more Fed moves
WASHINGTON (Reuters) - U.S. job growth braked sharply for a third straight month in May and the unemployment rate rose for the first time in nearly a year, raising chances of further monetary stimulus from the Federal Reserve to support the sputtering recovery.
Analysis: Economic worry tightens CEOs' grip on spending
BOSTON (Reuters) - CEOs will hold their wallets a little bit tighter heading into the summer after the long-awaited recovery in U.S. employment stumbled in May.
Wal-Mart chairman: Integrity 'is our business'
FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Inc executives told shareholders they would not stand for unethical behavior at the world's largest retailer, whose shares have soared to 12-year highs as strong results more than offset concerns about bribery allegations.
Analysis: How Morgan Stanley sank to junk status
(Reuters) - The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank's higher borrowing costs could already be putting it at a disadvantage even before an expected ratings downgrade this month.
MF Global trustee to report on payback efforts
NEW YORK (Reuters) - Former MF Global Holdings Ltd customers are hoping to get fresh information on Monday about where their money went and for an update on efforts to get it back.
May auto sales disappoint; demand slows
DETROIT (Reuters) - Automakers posted strong U.S. May sales gains from a year ago, but the sales rate still fell short of expectations as the broader economy softened and gave pause to consumers mulling big-ticket purchases.
World growth at risk as U.S. employment stumbles
WASHINGTON/LONDON (Reuters) - The world's economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing falling deeper into malaise.
Judge OKs Dynegy bankruptcy pact with creditors
(Reuters) - Dynegy Inc on Friday won a U.S. bankruptcy judge's approval of a settlement with creditors, putting the power producer's Dynegy Holdings LLC unit one step closer to emerging from Chapter 11 protection.
Germans ease austerity pace for Spain, markets in turmoil
BERLIN/DUBLIN (Reuters) - EU paymaster Germany softened its drive for austerity across the euro zone on Friday, agreeing to allow Spain more time to cut its deficit while its battles a deepening bank crisis, capital flight and recession.
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