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For stocks, escaping bear hinges on oil, GE (Reuters)
Reuters - It will be tough for Wall Street to shake off the bear market blues next week if the price of oil keeps rising and the earnings season kick-off from Alcoa and General Electric disappoints investors.
http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080703/bs_nm/column_stoc...

62,000 jobs lost, off nearly half-million for year (AP)
AP - The nation lost jobs for a sixth month in a row in June, a storm of pink slips drenching this year's July Fourth holiday for more than 60,000 Americans and leaving thousands more worried about the future.
http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20080703/ap_on_bi_go_ec_fi...

Economy - Thursday (Investor's Business Daily)
Investor's Business Daily - The benchmark 30-year fixed home loan rate fell 10 basis points to 6.35%, ending a 5-week uptrend to a 9-month peak, mortgage finance giant Freddie Mac said. Weaker economic data made a Fed rate hike less likely, pushing Treasury yields and mortgage rates lower. The 15-year fixed-rate mortgage slid 12 ticks to 5.92%. The 1-year ARM fell 10 basis points to 5.17%.
http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ibd/20080703/bs_ibd_ibd/20080...

Former Refco CEO gets 16 years in prison (Reuters)
Reuters - Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison on Thursday for fleecing investors of more than $2.4 billion in a fraud that destroyed the world's largest independent commodities broker.
http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080703/bs_nm/refco_benne...

Economy extends job loss streak (Reuters)
Reuters - U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and the country's vast service sector unexpectedly contracted, underscoring the economy's frailty.
http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080703/bs_nm/usa_economy...

Economy casts pall on Sun Valley media fest (Reuters)
Reuters - The deteriorating U.S. economy and slumping stock prices will frame discussions among top media and technology executives at the 26th annual Allen & Co confab in Sun Valley, Idaho, next week.
http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080703/bs_nm/media_sunva...

Hedge fund swindler Israel denied bail, jailed (Reuters)
Reuters - Hedge fund swindler Samuel Israel III faced a fresh charge of bail jumping on Thursday and was ordered to jail immediately, one day after his mother convinced him to end a high-profile run from justice.
http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080703/bs_nm/hedgefunds_...

Blockbuster may do Circuit deal later: report (Reuters)
Reuters - Blockbuster Inc , which abandoned its offer to buy Circuit City Stores Inc this week, may try to acquire the electronics retailer later, the New York Post said Thursday citing insiders.
http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080703/bs_nm/circuitcity...

 
   
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