UNITED STATES

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Pace of job losses slows, planned layoffs rise

The number of U.S. jobs lost in the private sector fell in July but firms increased planned layoffs, data on Wednesday showed, suggesting the labor market remained troubled even as the pace of job losses slowed.

Club kid, gay, Asian?

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More than a thousand people lined up for several hours in New York City on Tuesday for the chance to be an extra in the

Daily Outlook - August 5 - Energy

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President Barack Obama will announce $2.4 billion in grants on Wednesday for the production of batteries for hybrid and electric vehicles. Energy Secretary Steven Chu will discuss with workers in Charlotte, North Carolina, about the national economy
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Canada auto sales weaken in July, but Ford shines

Ford Motor Co (F.N) of Canada was the country's top-selling automaker for a second month in a row in July, when sales jumped more than 47 percent from a year earlier even as its main rivals recorded another month of declines.
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Mortgage demand boosted by refis as rates drop

Demand for U.S. home loans rose last week as a decline in 30-year fixed mortgage rates to a three-week low boosted applications for refinancing, the Mortgage Bankers Association said on Wednesday.
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Beyonce, Lady Gaga top MTV music award nominees

Pop stars Beyonce and Lady Gaga on Tuesday each earned nine nominations for next month's MTV Video Music Awards, more than any other artist, while Britney Spears continued her musical comeback with seven nods.
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Paula Abdul quits

Paula Abdul has decided to quit the top-rated U.S. television show
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Futures slip further as ADP data fuels caution

U.S. stock index futures slipped further on Wednesday as investors turned cautious after data showed private-sector jobs losses were higher than expected in July, sparking concern about the strength of the economic recovery.
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Planned layoffs accelerate again in July

Planned layoffs at U.S. firms increased in July for the first time in six months, signaling more uneasy times for workers and a continued drag on consumer spending and the broader economy.
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Sony plans $199 e-reader in Amazon challenge

Sony Corp will begin selling this month the cheapest digital book reader for the United States, heating up the competition with Amazon.com Inc in the small but fast-growing market for electronic readers.
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Oil rises towards $72 ahead of inventory data

Oil rose toward $72 a barrel on Wednesday, ahead of key inventory data expected to show a fall in U.S. crude stocks and supported by higher European equities and a weaker U.S. dollar.
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Bill Clinton, two U.S. journalists on way back from Korea

Two American journalists freed by North Korea from months of detention were due to return to U.S. soil early on Wednesday accompanied by former President Bill Clinton, who secured their release in a meeting with the hermit state's leader Kim Jong-il.
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China, U.S. offer no quick boost to solar slump

Investors are banking on fresh government incentives in the United States and China to help pull the solar sector out of its slump, but it will be next year before demand from those markets even begins to make a dent in the global glut of solar panels.
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U.S. July ISM factory index seen up, but below 50

A closely-watched gauge of U.S. factory activity likely rose in July but stayed below the level showing expansion, suggesting the economy might start to emerge from recession in the second half of the year.
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Oil eases below $71, fuel stocks eyed

Oil eased below $71 a barrel on Wednesday after inventory data showed a rise in United States fuel stocks, adding to doubts about demand from the world's biggest energy consumer.
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Futures point to lower start for Wall Street

Wall Street was expected to open lower on Wednesday, slipping back from a nine-month high, as investors awaited further pointers to a potential economic recovery, and more second-quarter earnings.

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