Business Today: Wall Street gets a lift from hopes for more Fed moves

Click to View in Browser 06/19/2012 Wall Street gets a lift from hopes for more Fed moves NEW YORK (Reuters) - Stocks rose on Tuesday on hopes that the Federal Reserve will agree to extend stimulus measures as the economy struggles to recover and the euro zone's debt crisis gets worse. Dimon says JPMorgan was honest with shareholders WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon insisted his bank was upfront with investors about its recent multibillion-dollar trading loss, as regulators examine whether JPMorgan hid a dramatic rise in risk-taking. Chesapeake Energy trimming North Texas workforce (Reuters) - Chesapeake Energy Corp said on Tuesday it is eliminating about 70 jobs from its North Texas operations as the U.S. oil and gas producer seeks to fill a large funding gap. Iraq asks Obama to halt Exxon's Kurdish deal BAGHDAD/LONDON (Reuters) - Iraq has asked U.S. President Barack Obama to stop Exxon Mobil exploring for oil in its autonomous Kurdistan region, saying the U.S. company's actions could have dire consequences for the country's stability. Job openings hit five-month low in April WASHINGTON (Reuters) - U.S. Job openings dropped to a five-month low in April amid a widespread decline in vacancies in all sectors of the economy, underscoring the recent weakness in the labor market. Starbucks outlines Latin America growth plans (Reuters) - Starbucks Corp on Tuesday laid out its expansion plans for Latin America, where the world's biggest coffee chain sources the majority of its coffee beans. U.S. Steel warns imports threatening pipe market NEW YORK (Reuters) - A surge in imports of steel products into the United States so far this year could threaten the market for steel pipes for the oil and gas industry, one of the strongest sectors in the U.S. market, U.S. Steel Corp Chief Executive John Surma said on Tuesday. Adobe cuts FY rev outlook on weak Europe demand (Reuters) - Adobe Systems Inc , maker of Photoshop and Acrobat software, reported a modest fall in quarterly net income, and cut its full-year revenue outlook to reflect weaker demand in Europe. Nationstar named opening bidder for ResCap mortgage unit (Reuters) - A judge on Tuesday approved Nationstar Mortgage Holdings Inc as the opening bidder for Residential Capital LLC's mortgage origination and servicing business, beating out an offer from Warren Buffett's Berkshire Hathaway Inc . Spanish short-term debt costs reach alarm levels MADRID/ATHENS (Reuters) - Spain lurched closer to becoming the largest euro zone country yet to be shut out of credit markets when it had to pay a euro era record price to sell short-term debt on Tuesday. Related Video Instagram looks to the past for the future Breakingviews: KKR's mega-LBO cure Economic News June home builder sentiment highest in five years: NAHB Falling house, stock prices erode household wealth 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