Reuters Money: Weekly jobless claims rise less than expected

	Click to View in Browser 08/2/2012 Weekly jobless claims rise less than expected WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits rose less than expected last week, but the data continues to be influenced by distortions from seasonal auto shutdowns. Discounts help U.S. chains lure shoppers in July (Reuters) - Discounts drew shoppers to malls in July, helping many retailers report healthy sales gains in what is typically a clearance month heading into the back-to-school season. Companies add 163,000 jobs, but manufacturing falters NEW YORK (Reuters) - U.S. companies hired more workers than expected in July, but continued weakness in the manufacturing sector pointed to sluggish economic growth. Ex-Morgan Stanley housing chief launches foreclosed home fund (Reuters) - Oliver Chang, the former head of U.S. housing strategy at Morgan Stanley, on Wednesday announced the opening of an investment firm that intends to spend up to $1 billion to acquire distressed, single-family homes over the next two years. U.S. House to vote on extending all Bush-era tax cuts WASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives is expected on Wednesday to pass a largely symbolic plan to extend all tax cuts, leaving a deep rift over tax policy unresolved until after November's elections. Stern Advice: GNMA funds have a following despite low rates WASHINGTON (Reuters) - Lately mortgage interest rates have been hitting one record low after another. At the same time, we're seeing increases in mortgage defaults, foreclosures and short sales in which lenders get less than 100 cents to the dollar for the loans they've let. So why would anyone want to be a mortgage lender right now? Rare opinion offers clues to Morgan Keegan's winning defense NEW YORK (Reuters) - An arbitration panel has denied a Mississippi-based entrepreneur's claim against Morgan Keegan & Co over $2 million of bond fund losses in a case that offers a glimpse into why the brokerage firm may be winning many similar disputes. Moore Capital to return $2 billion to investors : letter BOSTON (Reuters) - Hedge fund titan Louis Moore Bacon is shrinking his flagship portfolio by one quarter and will return $2 billion in assets at a time tumultuous global market conditions are making it tougher to trade huge amounts of money. MF Global customers may reclaim 90 percent of funds: trustee WASHINGTON (Reuters) - The trustee overseeing the liquidation of MF Global's failed futures brokerage told a U.S. Senate panel on Wednesday that customers could receive over 90 percent of their funds. Assured says Stockton bankruptcy plan unfair, favors Calpers SAN FRANCISCO (Reuters) - Bond insurer Assured Guaranty, facing massive losses in Stockton, California's bankruptcy, on Wednesday said the largest U.S. public pension fund, Calpers, was getting preferential treatment among creditors. Related Video Investors hit the hold button Young workers target apprenticeships Business News Wall Street opens lower after Draghi comments Weekly jobless claims rise less than expected The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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