UNITED STATES

Obama: Stalled Debt Talks Hurt Job Growth

U.S. President Barack Obama
In a Rose Garden statement, President Barack Obama Friday said the poor June jobs report was primarily due to the debate in Washington, which has been dominated by issues of debt limit.
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Wall St slides as June jobs data disappoints

Stocks dropped on Friday after weak jobs growth in June dented hopes the economy was emerging from a temporary soft patch, casting doubt on a recent strong run in equity markets.
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Wall Street drops, disappointed by jobs data

Stocks dropped on Friday after a weak rise in non-farm payroll jobs in June -- the second month in a row -- dashed hopes the economy was emerging from a temporary soft patch and headed for a rebound.
U.S. Job Market Remains Challenging for Job Seekers.

U.S. Adds Just 18,000 Jobs in June, Unemployment Up

The world's largest economy continued to create jobs a tepid rate in June, adding just 18,000 jobs, when economists were expected a gain of about 105,000. The sub-par job growth rate increases concern that the economy may enter a double-dip recession.
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Wall St poised for drop on weak jobs data

Stocks were set to open sharply lower on Friday after the June payrolls report fell short of expectations and dashed hopes the economic recovery had regained speed.
President Barack Obama, D-Ill. with House Speaker John Boehner, R-Ohio

Obama, GOP Now Eyeing 'Grand Debt Deal' - $4T in Cuts

Suddenly, momentum is building in the nation's capitol toward what could be an historic deficit reduction package -- a grand deal deal of $4 trillion or more in cuts -- including changes to entitlement programs, cuts in defense spending, and selected tax increases via ending tax loopholes.
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Jobs barely rise, dashing hopes of economic revival

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.
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SEC to meet Chinese counterparts

U.S. securities and accounting regulators will meet Chinese counterparts next week to negotiate an agreement on joint U.S.-Chinese inspections of auditing firms in China, the U.S. government said on Friday.
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Google's Schmidt sees room for several social networks

Google Inc is leaving open the door to more co-operation with social-media giants Facebook and Twitter, and believes there is room for multiple social networks as it rolls out its own, executive chairman Eric Schmidt said.
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Jobs seen boosting hopes of an economic revival

U.S. companies probably stepped up hiring in June as the economy recovers from a stumble in recent months, although job growth is not expected to be strong enough to eat into high unemployment.
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Big pickups clog dealer lots, concern analysts

Big pickup trucks are clogging many U.S. dealer lots, causing headaches for General Motors Co and other automakers, and raising concerns about price wars and lower profits later in the year.
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Simon Property to give CEO a million shares to stay

The board of Simon Property Group Inc , the largest owner of U.S. malls and outlet centers, has agreed to a plan that will give CEO and Chairman David Simon 1 million shares for him to remain with the company for at least another eight years, according to a regulatory filing.

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