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Wall St set to slide at open on jobs data (Reuters)

Fri, 05 Sep 2008 08:17:00 +0000

Reuters - Stocks headed for a lower open on
Friday after a government report showed the U.S. labor market
deteriorated further in August, pushing the unemployment rate
to its highest in more than 4-1/2 years.

Original post by Reuters

Jobless rate at 4-1/2 year high (Reuters)

Fri, 05 Sep 2008 08:10:40 +0000

Reuters - The U.S. unemployment rate
unexpectedly shot up to 6.1 percent in August, the highest in
over 4-1/2 years, as employers cut payrolls for an eighth
straight month and a decline in labor markets accelerated.

Original post by Reuters

Bank of America says ready to settle on auction rates (Reuters)

Fri, 05 Sep 2008 08:01:50 +0000

Reuters - Bank of America Corp , said it
is ready to settle federal and state probes into the marketing
of auction-rate securities, joining eight other companies that
reached agreements.

Original post by Reuters

Pimco names El-Erian CEO; Thompson to retire (Reuters)

Fri, 05 Sep 2008 07:52:39 +0000

Reuters - Pacific Investment Management Co, the
world’s biggest manager of bond funds, named Mohamed El-Erian
as its sole chief executive after co-CEO Bill Thompson retires
at the end of the year.

Original post by Reuters

Columbia Bancorp to close mortgage business, cut jobs (Reuters)

Fri, 05 Sep 2008 05:56:52 +0000

Reuters - Columbia Bancorp , the holding company
for Columbia River Bank, said it plans to close its mortgage
banking division, affecting about 39 jobs, as it strives to cut
costs amid a difficult mortgage market.

Original post by Reuters

Goldman cuts Merrill to sell, sees fresh writedowns (Reuters)

Fri, 05 Sep 2008 04:43:20 +0000

Reuters - Merrill Lynch & Co , battered by more
than $40 billion of write-downs tied largely to mortgages, will
likely incur fresh write-downs, in addition to those assumed
after its recent sale of repackaged debt to Lone Star Funds,
said an analyst at Goldman Sachs, who cut the stock to a
“sell.”

Original post by Reuters

Pimco appoints El-Erian as CEO (Reuters)

Fri, 05 Sep 2008 04:06:12 +0000

Reuters - Pacific Investment Management Co, the manager
of the world’s biggest bond fund, named Mohamed El-Erian as its
chief executive to replace Bill Thompson, who will retire at
the end of the year.

Original post by Reuters

Dell plans to sell computer factories: report (Reuters)

Thu, 04 Sep 2008 23:52:01 +0000

Reuters - Dell Inc is trying to sell computer
factories around the world in efforts to cut cost and improve
profitability, the Wall Street Journal said.

Original post by Reuters

Microsoft kicks off $300 million Windows marketing push (Reuters)

Thu, 04 Sep 2008 20:33:17 +0000

Reuters - Microsoft Corp kicked off a
$300 million marketing campaign on Thursday, aimed at improving
the image of its Windows Vista operating system and strike back
at Apple Inc’s “Mac vs. PC” ads.

Original post by Reuters

Lone Star may sue S.Korea govt on KEB deal: paper (Reuters)

Thu, 04 Sep 2008 19:45:41 +0000

Reuters - U.S. private equity house Lone Star is
seriously considering suing the South Korean government if it
delays approval beyond September of the firm’s $6.3 billion
sale of shares in a local bank, a newspaper reported on Friday.

Original post by Reuters