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Wednesday, August 1, 2012

Reuters Money: Private sector adds more jobs than expected in July

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08/1/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Private sector adds more jobs than expected in July
NEW YORK (Reuters) - Companies added more jobs than expected in July, suggesting the labor market is chugging along, though the pace of growth is far from robust.
July factory growth slowest in almost three years: Markit
NEW YORK (Reuters) - The manufacturing sector grew in July at its slowest pace in nearly three years as a debt crisis in Europe and economic and political uncertainty at home dented demand, a survey showed on Wednesday.
Make a stand with hospital paperwork
(Reuters) - As scary is it might be to go to a hospital in an emergency, most people do not regard it as similar to getting arrested -- a situation where your instinct would be to obtain the advice of a lawyer.
Informants take center stage at insider trading trial
NEW YORK (Reuters) - Prosecutors are relying heavily on three convicted informants, including a former associate of now-imprisoned Galleon Group founder Raj Rajaratnam, in the insider trading trial of a California hedge fund manager, a jury heard on Tuesday.
Consumer confidence rises in July
NEW YORK (Reuters) - Consumer confidence unexpectedly rose in July as Americans were more optimistic about the short-term outlook than they were about their current conditions, according to a private sector report released on Tuesday.
Dramatic estate tax battle delivers fresh lessons
NEW YORK (Reuters) - A dramatic family legal battle over a $100 million estate does not often lead to life lessons for the masses.
Rising home prices show traction in housing recovery
NEW YORK/WASHINGTON (Reuters) - Home prices rose for the fourth month in a row in May, suggesting the recovery in the housing market continued to gain traction, even as the broader economy wobbles.
U.S. managers target government debt, reflecting fragile confidence: poll
NEW YORK (Reuters) - U.S. money managers held more government bonds in their global fixed income portfolios than at any point in the past two years, shifting away from corporate credit even as they up upped world equity allocations overall, a Reuters poll showed on Tuesday.
Employment costs up modestly in second quarter
WASHINGTON (Reuters) - Labor costs rose moderately in the second quarter, according to government data on Tuesday that underscored benign wage inflation against the backdrop of a weak jobs market.
Credit funds get boost from JP Morgan loss: survey
LONDON (Reuters) - The type of hedge funds that bet against JP Morgan and made money from its $5.8 billion "London Whale" trading loss has risen to the top of investors' buying lists for the coming quarter, a survey showed.
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