Reuters - U.S. employers cut workers for a
sixth straight month in June for the longest such streak since
2002 and the country's vast service sector unexpectedly
contracted, underscoring the economy's frailty.
Reuters - Phillip Bennett, the former chief
executive of Refco, was sentenced to 16 years in prison on
Thursday for fleecing investors of more than $2.4 billion in a
fraud that destroyed the world's largest independent
commodities broker.
Reuters - NEW YORK (Reuters) -The Dow rose on Thursday, a day after
the blue-chip average entered a bear market, on relief payrolls
data was not as weak as some had feared and with another record
oil price boosting energy shares.
Reuters - Hedge fund swindler Samuel Israel III
faced a fresh charge of bail jumping on Thursday and was
ordered to jail immediately, one day after his mother convinced
him to end a high-profile run from justice.
Reuters - The deteriorating U.S. economy and
slumping stock prices will frame discussions among top media
and technology executives at the 26th annual Allen &Co confab
in Sun Valley, Idaho, next week.