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Wednesday, July 3, 2013

Daily Investor Briefing: Jobs data upbeat, but trade and...

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07/3/2013
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
Jobs data upbeat, but trade and services dim outlook
WASHINGTON (Reuters) - Private employers stepped up hiring in June and new applications for unemployment benefits fell for a second straight week last week, pointing to a steadily improving labor market picture.
U.S. judges okay JPMorgan $546 million settlement with MF Global trustee, customers
NEW YORK (Reuters) - Customers of MF Global's failed broker-dealer unit and the trustee overseeing its liquidation won court approval on Wednesday for a $546 million settlement with JPMorgan Chase & Co .
Wall St. posts modest gains in short volatile session
NEW YORK (Reuters) - Stocks ended slightly higher in a volatile half-day session on Wednesday as traders squared positions before the holiday and Friday's job market data.
Bernanke to make July 10 speech on Fed's policy record
WASHINGTON (Reuters) - The Federal Reserve said on Wednesday that Fed Chairman Ben Bernanke would make a speech in Cambridge, Massachusetts, next week on the central bank's 100-year history, its policy record, lessoned learned and prospects for the future.
Service sector growth slows to three-year low in June: ISM
NEW YORK (Reuters) - The pace of growth in the services sector slowed in June to its weakest level in over three years as new orders nearly stalled, though a jump in employment provided an encouraging sign for the labor market.
Exclusive: States join U.S. probe of Cargill/ConAgra flour deal
WASHINGTON (Reuters) - A group of wheat-growing states has joined the U.S. Justice Department in investigating a proposed joint venture by Cargill, CHS and ConAgra, which would make the largest U.S. flour miller even larger, two sources told Reuters.
Investment industry groups scuffle over ethics, costs
(Reuters) - Wall Street's brokerages would spend an average of $8 million each to implement a plan being considered by the U.S. Securities and Exchange Commission to impose higher ethical standards on brokers who give financial advice, according to estimates by the securities industry's largest trade group.
N.Y. attorney general probes payroll cards over fees
New York (Reuters) - New York is investigating some of the country's largest companies over their use of cards to pay hourly employees, a person familiar with the matter said on Wednesday.
Unions hope to revive talks, end strike at Daimler plant
(Reuters) - Unions representing more than 700 workers at a Daimler AG truck factory in Portland, Oregon, hope to revive contract talks with the German company and avoid a lengthy strike, a union official said on Wednesday.
JPMorgan, Bank of NY Mellon win dismissal of forex lawsuits
NEW YORK (Reuters) - JPMorgan Chase & Co and officials at Bank of New York Mellon Corp on Wednesday won the dismissal of lawsuits accusing them of overcharging clients for trading currencies.
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