  | | | Wall Street ticks down on jobs data | | NEW YORK (Reuters) - The S&P 500 and the Dow edged lower on Wednesday as data showed private sector hiring was weaker than expected in April, sparking concerns that Friday's closely watched payrolls report may indicate the recovery is failing to maintain momentum. | | |  | | | Private-sector hiring slows in April, stirs concern | | NEW YORK (Reuters) - U.S. companies hired the fewest people in seven months in April, a worrisome sign for a labor market that has struggled to gain traction and adding to concerns that the economy has lost some momentum. | | | |  | | | MasterCard profit rises 21 percent, beats estimates | | (Reuters) - MasterCard Inc , the world's second-largest credit and debit card network, reported a 21 percent rise in quarterly profit as consumers spent more with their cards and revenue rose faster than expenses. | | | |  | | | Nokia files patent lawsuits against HTC, RIM | | HELSINKI (Reuters) - Wounded cellphone maker Nokia has turned on one of its former allies in the patent protection battlefield by filing lawsuits against rival smartphone maker HTC as it steps up its efforts to raise funds. | | | |  | | | RIM close to hiring marketing chief, stock slumps | | ORLANDO, Florida (Reuters) - Research In Motion Ltd stock slumped again on Wednesday, even as the company said it was close to hiring a marketing boss to fashion a unified message for the next-generation BlackBerry that will likely determine its future. | | | | | Exclusive: Natural gas trade whiz Arnold shutting fund | | NEW YORK (Reuters) - Legendary natural gas trader John Arnold is closing down his flagship Centaurus fund, a source said on Wednesday, as the former Enron wunderkind struggled to maintain outsized returns with prices near 10-year lows and regulations tightening. | | | | | U.S. SEC fraud lawsuit vs Morgan Keegan revived | | (Reuters) - A federal appeals court on Wednesday revived a U.S. Securities and Exchange Commission lawsuit accusing Morgan Keegan & Co of fraudulently misleading investors about the safety of auction-rate securities it sold. | | | |  | | | Exclusive: Shale causes rise in waste gas pollution | | LONDON (Reuters) - The shale energy boom is fuelling a rise in the burning of waste gas after years of decline, a World Bank source told Reuters ahead of the release of new data, giving environmentalists more ammunition against the industry. | | | |  |  | | | 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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