European stocks lifted by upbeat services sector data as Wall Street awaits key US PMI surveyLONDON — European markets rose modestly Monday ahead of an expected solid start to the week on Wall Street and after upbeat survey data from the services sector helped offset the gloom from last week’s worse than expected U.S. jobs data. Finance ministers: developing countries deserve more voting power in World BankISTANBUL — The World Bank needs to become more efficient in how it uses its resources and give more say to developing economies, several member states, including major donors the U.S. and Britain, said Monday. Stocks try to rebound after 2 weeks of declines; investors eye services sector activity reportNEW YORK — Stock futures rose Monday, pointing to a higher opening as the market tries to rebound from two consecutive weeks of declines as disappointing economic news mounts. Asian stock markets fall after weak US jobs report; European shares little changedHONG KONG — Asian markets fell and European stocks were slightly higher Monday after a weaker-than-expected U.S. jobs report raised concerns that a strong recovery in the world’s largest economy was still far off. Asian stock markets fall after weak US jobs report; oil lingers below $70 a barrel
Report says credibility of bank rescue program was hurt by government’s inaccurate claimsWASHINGTON — The credibility of the government’s $700 billion financial rescue program was damaged by claims a year ago that all of the initial banks receiving support were healthy, a new report contends. Greek Socialists trounce governing conservatives on wave of anger over scandals, economyATHENS, Greece — Greece’s Socialist leader George Papandreou trounced the governing conservatives in a landslide election victory after a campaign focused on dramatically different visions of how to dig the country out of its worst economic crisis in years. Greece’s governing conservatives concede election defeat to SocialistsATHENS, Greece — Greece’s governing conservatives have conceded defeat to the main opposition Socialists in Sunday’s parliamentary election. Greek Socialists claim election victory after voters angered by scandals oust conservativesATHENS, Greece — Greek voters angered by repeated scandals and a faltering economy ousted Prime Minister Costas Karamanlis in an early election Sunday, returning the Socialists to power after five years of conservative governance, initial results indicated. Wall Street waits for earnings to determine whether rally continues into 8th month or stopsNEW YORK — The stock market’s bulls are slowing their charge, and upcoming earnings reports will determine whether they keep going forward or just stop. IMF says it is committed to giving more voting power to developing countriesISTANBUL — A key panel of the International Monetary Fund said Sunday that it supports giving more voting power to emerging market and developing countries, warning that the legitimacy of the institution was at stake. US Treasury Secretary Geithner urges IMF to implement internal reformsISTANBUL — U.S. Treasury Secretary Timothy Geithner on Sunday urged the IMF to implement reforms that would give emerging market and developing countries more say in the financial institution. Ireland overwhelmingly endorses EU reform treaty on 2nd try; premier foresees ‘better Europe’DUBLIN — Ireland’s recession-hit voters have overwhelmingly approved the European Union’s ambitious and long-delayed reform plans, electoral chiefs announced Saturday in a referendum result greeted with wild cheers in Dublin — and nervous sighs of relief in Brussels. Socialists favored to topple conservatives in Sunday election amid economic, security concernsATHENS, Greece — Greeks cast ballots Sunday in a snap general election likely to produce a change in government, as voters angered by scandals and a foundering economy were expected to reject the conservatives in favor of the opposition Socialists. G-7 finance ministers warn of fragile recovery, vow to keep stimulus measuresISTANBUL — Finance ministers from the Group of Seven rich countries warned the recovery remains “fragile” and tried to talk up the U.S. dollar amid fears it could fall farther and disrupt the global economy. Europe’s left flounders as conservatives co-opt the socialist agendaVIENNA — Pity Europe’s Socialists. It’s getting lonely on the left. Group of 7 finance ministers warns of fragile recovery and against complacencyISTANBUL — The world economy is growing again, but the recovery remains fragile, according to the finance ministers from the Group of Seven rich countries. Group of 7 finance ministers meet amid questions about dollar’s roleISTANBUL — Finance ministers from the Group of Seven rich countries gathered Saturday to confront concerns about the dollar, in a forum whose role is under question as developing countries get more say. Regulators close Michigan bank, small banks in Colorado, Minnesota; marks 98 US bank failuresNEW YORK — Regulators have shut Warren Bank in Warren, Mich., and two small banks in Colorado and Minnesota, boosting the number of failed U.S. banks this year to 98 as loan defaults rise in the worst financial climate in decades. Regulators close Michigan bank, small bank in Minnesota; marks 97 US bank failures this yearNEW YORK — Regulators have shut down Warren Bank in Warren, Mich., and a small bank in Minnesota, boosting the number of failed U.S. banks this year to 97 as loan defaults rise in the worst financial climate in decades. Regulators close Warren Bank in Michigan; 96th US bank closed this yearNEW YORK — Regulators have shut down Warren Bank in Warren, Mich., the 96th U.S. bank failure this year as loan defaults rise in the worst financial climate in decades. Bank of America, Time Warner, CIT Group, ConocoPhillips are among big market movers FridayNEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: Disappointing jobs data saps demand for most commodities; Gold inches higher on weak dollarNEW YORK — A disappointing jobs report sapped demand for most commodities Friday, but gold prices eked out a small gain as the dollar weakened. California requests $4.7 billion from stimulus fund to help build high-speed rail networkLOS ANGELES — Gov. Arnold Schwarzenegger requested $4.7 billion in federal stimulus money Friday to help build an 800-mile bullet train system from San Diego to San Francisco. Stocks fall but end off lows after disappointing jobs report for September; Dow slips 22NEW YORK — Investors retreated further from stocks Friday as the pile of disappointing economic reports grew larger. Relief from required retirement account distributions helpful but temporaryDES MOINES, Iowa — Hundreds of thousands of retirees have more money in their accounts thanks to a one-time waiver of a government required withdrawal that kicks in after age 70. Stocks pare early losses as investors see bargains after disappointing jobs reportNEW YORK — Stocks pared early losses and edged lower Friday after a disappointing monthly jobs report brought fresh concerns that a recovery in the troubled labor market may be a long way off. S&P removes drugmaker Wyeth from 2 indices in sign $68B acquisition by Pfizer will go throughTRENTON, N.J. — In the latest sign that Pfizer Inc.’s $68 billion purchase of Wyeth will go through, Wyeth’s stock has been removed from two key investor indices. Unexpectedly steep September job losses send stocks moderately lower, extending market’s slideNEW YORK — Stocks fell Friday after the government reported that more jobs were lost in September than had been expected. Wheat, corn, soybeans futures drop on the Chicago BOT; livestock prices mostly lowerCHICAGO — Agriculture futures were mostly lower early Friday on the Chicago Board of Trade. |
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Asian markets fall after weak US jobs report
