Business Today: Fed's Bullard: drop in jobless a step closer to QE exit threshold

	Click to View in Browser 08/2/2013 Fed's Bullard: drop in jobless a step closer to QE exit threshold BOSTON (Reuters) - July's drop in the unemployment rate takes the nation closer to a 7 percent threshold outlined by Federal Reserve Chairman Ben Bernanke as the point around which the central bank would likely end bond purchases, a top Fed official said on Friday. U.S. hiring slows in July but jobless rate falls to four-year low WASHINGTON (Reuters) - U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, a pair of mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program. Michael Dell closes in on prize with sweeter $25 billion deal NEW YORK/ROUND ROCK, Texas (Reuters) - Dell Inc and Chief Executive Michael Dell clinched a new $25 billion deal on Friday, boosting the bid and offering a special dividend in hopes of ending months of wrangling with opponents of the founder's proposed buyout of the world's No. 3 PC maker. Wall St. edges up after payrolls report NEW YORK (Reuters) - Stocks ended slightly higher on Friday after data showed the jobless rate fell in July but U.S. hiring slowed, which could make the Federal Reserve more cautious about scaling back its stimulus plan. Chevron profit drops on cheaper oil, slim refining margins (Reuters) - Chevron Corp posted on Friday a steeper-than-expected 26 percent drop in quarterly profit on softer oil prices and thinner refining margins. Exclusive: Compuware takes another shot at a sale - sources NEW YORK (Reuters) - Management software company Compuware Corp has renewed efforts to sell itself, courting not just the buyers of rival BMC Software Inc but also CA Technologies Inc and other buyout firms, several people familiar with the matter said. Yahoo buys browser RockMelt to bolster mobile, networking SAN FRANCISCO (Reuters) - Yahoo Inc acquired social Web browser company Rockmelt, the latest move by the struggling Web portal to scoop up technology and engineering talent that could bolster its mobile and social networking efforts. New data leads to restated annual sales rates for U.S. auto sector DETROIT (Reuters) - The U.S. auto industry's weaker-than-expected overall sales results for July disappeared on Friday after the federal government released updated data used to compute the annual sales rate each month. U.S. wins trade dispute with China over chicken parts GENEVA/WASHINGTON (Reuters) - The United States won a long-running trade dispute with China on Friday when the World Trade Organization found Beijing had broken global rules by imposing anti-dumping duties on U.S. chicken broiler parts. Former Green Mountain employee charged in insider trading scheme NEW YORK (Reuters) - A former employee of Green Mountain Coffee Roasters Inc has been charged with participating in an insider trading scheme that netted him and a friend $7 million, the U.S. Securities and Exchange Commission said on Friday. Related Video Job search: dissecting the data Techquity: Winning streak continues for internet stocks Economic News U.S. hiring slows in July but jobless rate falls to four-year low Fed's Bullard: drop in jobless a step closer to QE exit threshold 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 - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend