Wednesday, April 19, 2006

News


U.S. EMPLOYERS ADDED 211,000 jobs to nonfarm payrolls during March and the unemployment rate fell to 4.7%, matching the lowest level since July 2001. (WSJ)

NEW YORK (MarketWatch) - The yield on the 30-year Treasury bond broke above the 5% level early Friday for the first time since the long bond was revived in February. The last time the yield was above 5% was in December, 2004.

Iran has successfully enriched uranium for the first time, a landmark in its quest to develop nuclear fuel, hard-line President Mahmoud Ahmadinejad said Tuesday. He insisted, however, that his country does not aim to develop nuclear weapons. (AP)

IRAN SAID THAT IT HAS BEGUN to enrich uranium, in direct defiance of a U.N. Security Council demand that it suspend sensitive nuclear activities. The move comes as the head of the U.N.'s nuclear watchdog agency was due to visit Tehran.(WSJ)

The US economy isn't just producing jobs these days, it's also producing good jobs. Alongside the ads for jobs handling a cash register or a spatula are these new opportunities. (CSM)
Muhammad Ali sold majority rights to his name, image and likeness to licensing firm CKX for about $50 million. (WSJ)

April 12 (Bloomberg) -- The U.S. trade deficit shrank more in February than economists expected, to $65.7 billion, led by a decline in Chinese imports that may be temporary and do little to ease demands for sanctions.

Iran has successfully enriched uranium for the first time, a landmark in its quest to develop nuclear fuel, hard-line President Mahmoud Ahmadinejad said Tuesday. He insisted, however, that his country does not aim to develop nuclear weapons. (AP)

China's trade surplus surged in March, sharply illustrating US concerns about its swelling bilateral deficit days before Hu Jintao, China's president, travels to Washington for a summit meeting with President George W. Bush. (MSNBC)

US tourism industry leaders and top government officials on Tuesday urged collaboration between the public and private sectors to stem shrinking US market share of international visitors. (FT)

April 13, 2006 -- The young Harvard-educated Wall Streeter jailed yesterday for masterminding a bizarre insider-trading scam involving a crooked banker, a Croatian seamstress and an exotic dancer has a passion besides the stock market: ballroom dancing. (NY POST)

LONDON (MarketWatch) -- London's FTSE 100 Index rose to its highest level in more than five years on Wednesday, following more gains in the energy sector and a sharp rally overnight on Wall Street on hopes that U.S. interest rate hikes were near an end.

U.S. stocks put in their best one-day gain in a year on Tuesday, after minutes from the latest Federal Reserve meeting showed most members agreed the central bank's chapter of steady rate hikes was coming to a close. The Dow industrials rallied nearly 200 points, and the Nasdaq Composite and S&P 500 indexes also jumped higher.(MarketWatch)

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