  | | | Jobs data points to loss of momentum in recovery | | WASHINGTON (Reuters) - Private payroll growth accelerated only slightly last month and claims for jobless benefits rose last week, suggesting the U.S. labor market recovery was stalling after a strong performance early in the year. | | | | | ECB, EU officials warn euro's survival at risk | | BRUSSELS (Reuters) - The European Central Bank stepped up pressure on Thursday for a joint guarantee for bank deposits across the euro zone, saying Europe needed new tools to fight bank runs as the bloc's debt crisis drives investors to flee risk. | | | | | Insight: Gains that funds made on bets by JPMorgan whale may be limited | | (Reuters) - JPMorgan Chase & Co's losing bets in credit derivatives were so huge that one of its traders was known as "the London whale" and the hedge funds that attacked him have often been portrayed as harpooners who made a killing. But the story, it turns out, is more complicated than that. | | | | | PIMCO's Gross warns of economic "breaking point" | | NEW YORK (Reuters) - The debt crisis and central bank policy responses have degraded the quality and value of debt markets and signal a "potential breaking point" in the global economy, PIMCO's Bill Gross, manager of the world's largest bond fund, said in his monthly letter to investors. | | | |  | | | British ministers backed Murdoch takeover: inquiry | | LONDON (Reuters) - British cabinet ministers worked behind the scenes to support James Murdoch's bid to take over a pay-TV company, a public inquiry heard on Thursday, adding weight to opposition criticism of the government's ties to powerful media barons. | | | |  | | | Gupta helped promote Rajaratnam funds: trial witness | | NEW YORK (Reuters) - To convict former Goldman Sachs Group Inc board member Rajat Gupta of insider trading, prosecutors must convince the jury he benefited from his relationship with Raj Rajaratnam, the now-imprisoned hedge fund manager he is accused of tipping. | | | | | Money flies out of Spain, regions pressured | | MADRID (Reuters) - Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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