  | | | Wall Street rises, S&P 500 at 2 1/2-month high | | NEW YORK (Reuters) - Stocks rose on Thursday for a third straight day, with the S&P 500 at a 2-1/2 month high as earnings from technology companies as well as hopes for more monetary stimulus outweighed weak economic data. | | |  | | | Data shows economy mired in weakness | | WASHINGTON (Reuters) - The slowdown in the U.S. economy persisted early in the third quarter with factory activity in the U.S. Mid-Atlantic region contracting in July for a third straight month and new claims for jobless aid surging last week. | | | |  | | | Microsoft reports quarterly loss after charge | | NEW YORK (Reuters) - Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced charge for writing down the value of its ailing online unit. | | | |  | | | Morgan Stanley plans further staff cuts on weak outlook | | (Reuters) - Morgan Stanley expects to reduce payroll by just over 1,000 employees by the end of this year, part of a plan to cut headcount by 7 percent as measured from the end of 2011, as it prepares for weak economic growth globally and low trading volume, the investment bank said on Thursday. | | | | | Fitch affirms Italy's last single-A rating, outlook negative | | MILAN/NEW YORK (Reuters) - Fitch Ratings affirmed Italy's long-term sovereign debt rating at 'A-' on Thursday, averting for now the threat of aggressive forced selling by bond traders if the country had lost its only remaining single-A mark. | | | | |  |  | | | 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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