Business Today: Wall Street ends mixed on Bernanke's comments

Click to View in Browser 06/7/2012 Wall Street ends mixed on Bernanke's comments NEW YORK (Reuters) - Stocks finished mixed on Thursday as optimism about China's interest-rate cut was offset by Federal Reserve Chairman Ben Bernanke's comments, which dimmed hopes for more U.S. stimulus. Jobless claims fall for first time since April WASHINGTON (Reuters) - The number of Americans lining up for new jobless benefits fell last week for the first time since April, a hint that a slowdown in hiring last month may only be temporary. U.S. rating faces 2013 cut if no credible plan: Fitch NEW YORK (Reuters) - Fitch Ratings reiterated on Thursday it would cut its sovereign credit rating for the United States next year if Washington cannot come to grips with its deficits and create a "credible" fiscal consolidation plan. Blankfein says did not OK Gupta to share board information NEW YORK (Reuters) - The chief executive of Goldman Sachs Group Inc told a federal court jury on Thursday that he did not authorize former board member Rajat Gupta to share information about the bank that was discussed at board meetings. Exclusive: Insider trading probe swings from bankers to ballplayers NEW YORK (Reuters) - Federal authorities are moving from the skyscrapers of Manhattan to the clubby world of retired baseball players in California to uncover the next insider trading ring. Bernanke offers few hints of Fed stimulus WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. central bank was ready to shield the economy if financial troubles mount, but offered few hints that further monetary stimulus was imminent. U.S. consumer credit grows by $6.5 billion in April WASHINGTON (Reuters) - U.S. consumer credit in April expanded the least in six months as people cut back on the use of revolving credit, data from the Federal Reserve showed on Thursday. Blackstone sees high returns in energy BOSTON (Reuters) - Private equity investments in energy offer rich pickings for investors willing to take a long-term view and capitalize on global trends, despite recent market volatility, the energy chief of Blackstone Group LP said on Thursday. Best Buy founder resigns, puts large stake in play (Reuters) - Best Buy Co Inc founder and chairman Richard Schulze resigned from the company's board on Thursday and said he was exploring options for his 20.1 percent ownership stake, a move seen as a possible precursor of a Schulze-led private takeover. China surprises with interest rate cut BEIJING (Reuters) - China delivered twin surprises on interest rates on Thursday, cutting borrowing costs to combat faltering growth while giving banks additional flexibility to set competitive lending and deposit rates in a step along the path of liberalization. Related Video Wealth Strategies: Upside to brent crude, nat gas prices Trading at Noon: Bernanke disappoints Wall Street Economic News Jobless claims fall for first time since April Fed's Rosengren warns on growing economic risks 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